Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez Sells 85,000 Shares

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Payoneer Global Price Performance

Shares of PAYO opened at $10.19 on Friday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The stock has a fifty day moving average price of $10.41 and a 200 day moving average price of $8.39. The company has a market cap of $3.63 billion, a P/E ratio of 29.12 and a beta of 0.92.

Payoneer Global (NASDAQ:PAYO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts anticipate that Payoneer Global Inc. will post 0.35 earnings per share for the current year.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently made changes to their positions in PAYO. Robeco Institutional Asset Management B.V. acquired a new position in shares of Payoneer Global during the fourth quarter worth approximately $1,233,000. KBC Group NV boosted its position in Payoneer Global by 86.6% during the 4th quarter. KBC Group NV now owns 14,619 shares of the company’s stock worth $147,000 after acquiring an additional 6,784 shares during the period. Fifth Third Bancorp boosted its position in Payoneer Global by 29.3% during the 4th quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after acquiring an additional 1,016 shares during the period. Nordea Investment Management AB grew its stake in shares of Payoneer Global by 4.9% in the fourth quarter. Nordea Investment Management AB now owns 881,026 shares of the company’s stock worth $8,951,000 after purchasing an additional 41,106 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Payoneer Global by 41.7% during the fourth quarter. GAMMA Investing LLC now owns 8,241 shares of the company’s stock valued at $83,000 after purchasing an additional 2,425 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark lifted their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Wolfe Research lowered Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Northland Securities lifted their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Needham & Company LLC increased their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Payoneer Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.