Payoneer Global Inc. (NASDAQ:PAYO) CAO Sells $562,100.56 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 52,829 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.64, for a total value of $562,100.56. Following the completion of the transaction, the chief accounting officer now directly owns 201,882 shares in the company, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

NASDAQ:PAYO opened at $10.85 on Thursday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 31.00 and a beta of 0.82. The business has a 50 day simple moving average of $8.56 and a 200 day simple moving average of $6.91. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $10.96.

Payoneer Global (NASDAQ:PAYO) 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 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%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. Research analysts anticipate that Payoneer Global Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYO. AXA S.A. increased its stake in shares of Payoneer Global by 1,394.5% in the second quarter. AXA S.A. now owns 14,176,485 shares of the company’s stock valued at $78,538,000 after purchasing an additional 13,227,884 shares during the period. Azora Capital LP bought a new position in Payoneer Global in the 3rd quarter worth approximately $31,901,000. Legion Partners Asset Management LLC acquired a new stake in Payoneer Global in the 2nd quarter valued at approximately $12,360,000. American Century Companies Inc. raised its stake in Payoneer Global by 241.5% during the 2nd quarter. American Century Companies Inc. now owns 1,643,744 shares of the company’s stock valued at $9,106,000 after acquiring an additional 1,162,481 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Payoneer Global by 17.3% during the 2nd quarter. Millennium Management LLC now owns 6,764,016 shares of the company’s stock worth $37,473,000 after acquiring an additional 995,366 shares during the period. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a research report on Monday, August 12th. Needham & Company LLC lifted 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. Keefe, Bruyette & Woods boosted their price target on Payoneer Global from $9.00 to $12.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Benchmark raised their price objective on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $10.79.

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.