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

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 1,573 shares of Payoneer Global stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $10.84, for a total value of $17,051.32. Following the transaction, the chief accounting officer now directly owns 199,069 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at 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 transaction of $562,100.56.
• On Tuesday, October 15th, Itai Perry sold 4,100 shares of Payoneer Global stock. The stock was 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

Shares of NASDAQ PAYO opened at $10.87 on Thursday. The company’s 50-day moving average is $8.83 and its 200 day moving average is $7.07. The stock has a market capitalization of $3.88 billion, a P/E ratio of 31.09 and a beta of 0.82. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) 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 company had revenue of $248.30 million during the quarter, compared to analyst estimates of $225.44 million. During the same period last year, the business earned $0.05 EPS. Payoneer Global’s quarterly revenue was up 19.4% compared to the same quarter last year. Research analysts anticipate that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp lifted its holdings in Payoneer Global by 1.6% in the third quarter. Van ECK Associates Corp now owns 84,209 shares of the company’s stock valued at $634,000 after acquiring an additional 1,306 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Payoneer Global by 1.2% in the third quarter. The Manufacturers Life Insurance Company now owns 165,996 shares of the company’s stock worth $1,250,000 after buying an additional 1,907 shares during the last quarter. Xponance Inc. increased its holdings in Payoneer Global by 12.1% during the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after buying an additional 1,942 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Payoneer Global by 11.7% in the 2nd quarter. Y.D. More Investments Ltd now owns 22,142 shares of the company’s stock worth $122,000 after purchasing an additional 2,328 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Payoneer Global by 135.2% in 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. 82.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on PAYO shares. Needham & Company LLC boosted their target price on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup boosted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Benchmark increased their price objective on Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lifted 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. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Payoneer Global presently 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.