Payoneer Global Target of Unusually Large Options Trading (NASDAQ:PAYO)

Payoneer Global Inc. (NASDAQ:PAYOGet Rating) was the recipient of some unusual options trading on Wednesday. Stock traders bought 10,075 put options on the stock. This represents an increase of approximately 647% compared to the average volume of 1,349 put options.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, CFO Michael G. Levine sold 7,536 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $5.36, for a total value of $40,392.96. Following the sale, the chief financial officer now owns 1,160,235 shares in the company, valued at approximately $6,218,859.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Scott H. Galit sold 18,049 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $5.36, for a total transaction of $96,742.64. Following the sale, the chief executive officer now owns 1,495,018 shares in the company, valued at approximately $8,013,296.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael G. Levine sold 7,536 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $5.36, for a total value of $40,392.96. Following the sale, the chief financial officer now owns 1,160,235 shares in the company, valued at approximately $6,218,859.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,225 shares of company stock worth $581,241. Corporate insiders own 6.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC acquired a new position in Payoneer Global in the 2nd quarter valued at $38,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Payoneer Global during the 3rd quarter worth $39,000. Xponance Inc. acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $46,000. Walleye Capital LLC acquired a new stake in shares of Payoneer Global during the 1st quarter worth $50,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Payoneer Global during the 2nd quarter worth $53,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAYO. Wolfe Research began coverage on Payoneer Global in a research note on Wednesday, January 11th. They set an “outperform” rating and a $7.00 price objective on the stock. The Goldman Sachs Group decreased their target price on Payoneer Global from $9.00 to $6.50 and set a “buy” rating on the stock in a report on Monday, January 9th. Needham & Company LLC boosted their target price on Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Keefe, Bruyette & Woods boosted their target price on Payoneer Global from $8.00 to $9.00 in a report on Monday, October 10th. Finally, Citigroup boosted their target price on Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, November 10th.

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $5.84 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $5.49 and its two-hundred day moving average price is $5.99. Payoneer Global has a one year low of $3.33 and a one year high of $8.04. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -83.42 and a beta of 0.89.

Payoneer Global (NASDAQ:PAYOGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Payoneer Global had a negative net margin of 3.55% and a negative return on equity of 11.25%. The firm had revenue of $158.92 million during the quarter, compared to analyst estimates of $143.40 million. On average, equities analysts forecast that Payoneer Global will post -0.15 EPS for the current year.

About Payoneer Global

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Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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