Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry Sells 1,573 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 1,573 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $10.84, for a total value of $17,051.32. Following the completion of the transaction, the chief accounting officer now directly owns 199,069 shares in the company, valued at $2,157,907.96. This trade represents a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Itai Perry also recently made the following trade(s):

• On Monday, November 18th, Itai Perry sold 52,829 shares of Payoneer Global stock. The shares were sold at an average price of $10.64, for a total value of $562,100.56.
• On Tuesday, October 15th, Itai Perry sold 4,100 shares of Payoneer Global stock. The shares were sold at an average price of $8.00, for a total value of $32,800.00.
• On Wednesday, October 9th, Itai Perry sold 3,900 shares of Payoneer Global stock. The shares were sold at an average price of $8.00, for a total value of $31,200.00.

Payoneer Global Price Performance

NASDAQ PAYO opened at $11.05 on Wednesday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29. The company has a market capitalization of $3.94 billion, a PE ratio of 31.57 and a beta of 0.82. The company has a fifty day moving average of $8.76 and a two-hundred day moving average of $7.03.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, research analysts expect that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

PAYO has been the topic of several recent analyst reports. Northland Securities increased their target price on Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Citigroup increased their target price on Payoneer Global from $7.00 to $8.50 and gave the company a “buy” rating in a report on Monday, August 12th. Keefe, Bruyette & Woods upped their price objective on shares of Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Cantor Fitzgerald upgraded shares of Payoneer Global to a “strong-buy” rating in a research note on Monday, August 12th. Finally, Needham & Company LLC upped their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $10.79.

Institutional Investors Weigh In On Payoneer Global

Several hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its stake in shares of Payoneer Global by 4.6% during the third quarter. Tidal Investments LLC now owns 195,407 shares of the company’s stock worth $1,471,000 after buying an additional 8,637 shares during the period. Barclays PLC boosted its stake in shares of Payoneer Global by 352.8% during the third quarter. Barclays PLC now owns 498,727 shares of the company’s stock worth $3,755,000 after buying an additional 388,584 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Payoneer Global during the third quarter worth about $2,339,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Payoneer Global during the third quarter worth about $3,982,000. Finally, Centiva Capital LP purchased a new position in Payoneer Global during the third quarter worth about $121,000. Institutional investors and hedge funds own 82.22% of the company’s stock.

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.