Payoneer Global Inc. (NASDAQ:PAYO) Insider Sells $2,665,117.30 in Stock

by · The Cerbat Gem

Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) insider Tsafi Goldman sold 263,873 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30. Following the transaction, the insider now owns 741,748 shares in the company, valued at approximately $7,491,654.80. This trade represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Payoneer Global Trading Up 2.3 %

Shares of NASDAQ PAYO opened at $10.36 on Thursday. The company has a 50 day simple moving average of $9.51 and a two-hundred day simple moving average of $7.42. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 29.60 and a beta of 0.90. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. Analysts forecast that Payoneer Global Inc. will post 0.32 EPS for the current year.

Institutional Trading of Payoneer Global

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its holdings in Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after buying an additional 2,552 shares in the last quarter. Quarry LP purchased a new stake in shares of Payoneer Global during the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its position in shares of Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares during the period. FSC Wealth Advisors LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter valued at about $68,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of Payoneer Global during the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PAYO shares. Northland Securities raised their price target on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC lifted their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Benchmark upped their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods downgraded shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Monday. Finally, The Goldman Sachs Group upped their target price on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Payoneer Global currently has a consensus rating of “Buy” and a consensus target price of $11.36.

Read Our Latest Report on Payoneer Global

About Payoneer Global

(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.

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