Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry Sells 52,829 Shares

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 52,829 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.64, for a total transaction of $562,100.56. Following the sale, the chief accounting officer now directly owns 201,882 shares in the company, valued at $2,148,024.48. This represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Stock Performance

PAYO opened at $10.85 on Thursday. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $10.96. The firm has a 50 day moving average price of $8.56 and a 200 day moving average price of $6.91. The company has a market cap of $3.87 billion, a PE ratio of 31.00 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 EPS 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 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 business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. On average, sell-side analysts predict that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Northland Securities raised their price target on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Benchmark increased their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods raised their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Payoneer Global has an average rating of “Buy” and a consensus target price of $10.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PAYO. Natixis acquired a new stake in shares of Payoneer Global in the first quarter valued at about $3,106,000. Janus Henderson Group PLC lifted its position in shares of Payoneer Global by 131.6% during the first quarter. Janus Henderson Group PLC now owns 358,940 shares of the company’s stock worth $1,744,000 after purchasing an additional 203,943 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Payoneer Global in the first quarter valued at $986,000. Victory Capital Management Inc. grew its holdings in Payoneer Global by 17.1% during 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 in the last quarter. Finally, ProShare Advisors LLC increased its stake in Payoneer Global by 7.5% during the 1st quarter. ProShare Advisors LLC now owns 53,333 shares of the company’s stock worth $259,000 after buying an additional 3,730 shares during the period. 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.