Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells $17,051.32 in Stock

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

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 transaction of $32,800.00.
• On Wednesday, October 9th, Itai Perry sold 3,900 shares of Payoneer Global stock. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00.

Payoneer Global Price Performance

PAYO opened at $10.87 on Friday. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The stock’s 50 day moving average price is $8.90 and its 200 day moving average price is $7.09. The stock has a market cap of $3.88 billion, a P/E ratio of 31.06 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $248.30 million for the quarter, compared to analysts’ expectations 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 was up 19.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. Equities analysts anticipate that Payoneer Global Inc. will post 0.32 EPS for the current year.

Institutional Trading of Payoneer Global

Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in shares of Payoneer Global by 131.6% during the 1st quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock valued at $1,744,000 after acquiring an additional 203,943 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Payoneer Global during the first quarter valued at $986,000. Victory Capital Management Inc. boosted its position in shares of Payoneer Global by 17.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,417,785 shares of the company’s stock valued at $24,475,000 after purchasing an additional 645,887 shares during the period. Wedge Capital Management L L P NC purchased a new position in Payoneer Global in the 3rd quarter worth about $1,509,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Payoneer Global by 3.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,790,400 shares of the company’s stock worth $23,283,000 after buying an additional 178,842 shares during the period. 82.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup lifted 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. Keefe, Bruyette & Woods upped their target price on Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Needham & Company LLC raised their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Northland Securities upped their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, Benchmark upped their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research note 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.79.

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.