Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) insider Crossover Managemen Technology sold 7,500,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $10.32, for a total value of $77,400,000.00. Following the transaction, the insider now directly owns 34,197,116 shares of the company’s stock, valued at $352,914,237.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Payoneer Global Stock Performance
Shares of PAYO opened at $10.32 on Thursday. The company has a market capitalization of $3.94 billion, a PE ratio of 29.49 and a beta of 0.82. The company’s 50 day moving average price is $8.21 and its 200 day moving average price is $6.71. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $10.90.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million for 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 revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. On average, equities analysts forecast that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Payoneer Global
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on PAYO. The Goldman Sachs Group lifted their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Northland Securities upped their price target on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Cantor Fitzgerald raised Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Citigroup boosted their target price on Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Keefe, Bruyette & Woods increased their price target on Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $10.79.
Read Our Latest Stock Report on PAYO
About Payoneer Global
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.
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