Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez Sells 85,000 Shares

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of the transaction, the chief financial officer now directly owns 2,305,245 shares in the company, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO traded down $0.09 during midday trading on Thursday, hitting $10.19. 1,931,993 shares of the stock traded hands, compared to its average volume of 3,318,988. The company has a market cap of $3.63 billion, a PE ratio of 29.12 and a beta of 0.92. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $11.29. The business has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $8.38.

Payoneer Global (NASDAQ:PAYO) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The company had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. Payoneer Global’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, equities research analysts forecast that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in shares of Payoneer Global during the second quarter valued at approximately $29,000. Blue Trust Inc. boosted 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 purchasing an additional 2,552 shares during the last quarter. GAMMA Investing LLC boosted its position in Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after purchasing an additional 4,736 shares during the last quarter. Fifth Third Bancorp boosted its position in Payoneer Global by 29.3% in the fourth quarter. Fifth Third Bancorp now owns 4,488 shares of the company’s stock worth $45,000 after purchasing an additional 1,016 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in Payoneer Global in the third quarter worth $68,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Northland Securities lifted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Citigroup lifted their target price on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

Payoneer Global Company Profile

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.