Payoneer Global Inc. (NASDAQ:PAYO) Director Sells $772,197.76 in Stock

Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) Director Scott H. Galit sold 140,912 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $5.48, for a total transaction of $772,197.76. Following the completion of the sale, the director now owns 2,122,421 shares of the company’s stock, valued at $11,630,867.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $5.29 on Thursday. The firm’s fifty day simple moving average is $5.66 and its 200 day simple moving average is $5.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $6.48. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 17.63 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYOGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. The company had revenue of $228.20 million for the quarter, compared to analysts’ expectations of $211.63 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts expect that Payoneer Global Inc. will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Payoneer Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Payoneer Global by 27.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after purchasing an additional 2,074 shares in the last quarter. Yousif Capital Management LLC increased its stake in Payoneer Global by 1.8% during the 4th quarter. Yousif Capital Management LLC now owns 129,060 shares of the company’s stock worth $672,000 after buying an additional 2,320 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock worth $1,108,000 after buying an additional 2,958 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Payoneer Global by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock valued at $780,000 after buying an additional 3,028 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Payoneer Global by 7.5% during the first quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock valued at $259,000 after acquiring an additional 3,730 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Benchmark reaffirmed a “buy” rating and issued a $9.00 target price on shares of Payoneer Global in a research report on Tuesday, May 14th. Finally, Citigroup lowered their price target on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $7.00.

Check Out Our Latest Research Report on PAYO

Payoneer Global Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Payoneer Global (NASDAQ:PAYO)

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