Itai Perry Sells 6,000 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 6,000 shares of Payoneer Global stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $6.00, for a total value of $36,000.00. Following the completion of the sale, the chief accounting officer now directly owns 233,639 shares in the company, valued at approximately $1,401,834. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $6.03 on Friday. The business’s 50 day moving average price is $5.14 and its two-hundred day moving average price is $5.08. The company has a market cap of $2.25 billion, a PE ratio of 20.10 and a beta of 0.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. Payoneer Global Inc. has a twelve month low of $4.02 and a twelve month high of $6.48.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $228.20 million for the quarter, compared to the consensus estimate of $211.63 million. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, analysts predict that Payoneer Global Inc. will post 0.24 EPS for the current year.

Institutional Investors Weigh In On Payoneer Global

A number of institutional investors have recently made changes to their positions in PAYO. Wellington Management Group LLP boosted its holdings in shares of Payoneer Global by 68.4% during the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock worth $40,014,000 after acquiring an additional 3,161,509 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Payoneer Global by 85.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock worth $18,236,000 after acquiring an additional 1,370,007 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Payoneer Global by 4.4% during the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock worth $170,085,000 after acquiring an additional 1,166,894 shares during the period. Shell Asset Management Co. bought a new stake in shares of Payoneer Global during the first quarter worth approximately $5,360,000. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Payoneer Global by 69,768.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 663,750 shares of the company’s stock worth $3,458,000 after acquiring an additional 662,800 shares during the period. Institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

PAYO has been the topic of a number of recent research reports. Citigroup lowered their target price on Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Cantor Fitzgerald lowered their target price on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Needham & Company LLC lifted their target price on Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Benchmark reissued a “buy” rating and set a $9.00 price target on shares of Payoneer Global in a research report on Tuesday, May 14th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Payoneer Global currently has an average rating of “Buy” and an average target price of $7.00.

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.