Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit Sells 446,104 Shares

Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) Director Scott H. Galit sold 446,104 shares of Payoneer Global stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $5.50, for a total transaction of $2,453,572.00. Following the transaction, the director now owns 2,122,421 shares in the company, valued at $11,673,315.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Payoneer Global Stock Down 4.3 %

PAYO stock opened at $5.29 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.02. Payoneer Global Inc. has a 1 year low of $4.22 and a 1 year high of $6.48. The company has a fifty day simple moving average of $5.66 and a 200 day simple moving average of $5.17. The firm has a market cap of $1.98 billion, a PE ratio of 17.63 and a beta of 0.82.

Payoneer Global (NASDAQ:PAYOGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The business had revenue of $228.20 million during the quarter, compared to analyst estimates of $211.63 million. During the same quarter in the previous year, the business earned $0.02 EPS. Payoneer Global’s quarterly revenue was up 18.9% compared to the same quarter last year. Sell-side analysts anticipate that Payoneer Global Inc. will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PAYO. Citigroup decreased their target price on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Needham & Company LLC lifted their target price on shares of Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Finally, Benchmark reissued a “buy” rating and set a $9.00 target price on shares of Payoneer Global in a research note on Tuesday, May 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $7.00.

View Our Latest Report on PAYO

Institutional Investors Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently modified their holdings of PAYO. Vanguard Group Inc. lifted its position in Payoneer Global by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock worth $170,085,000 after acquiring an additional 1,166,894 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Payoneer Global by 43.5% during the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock worth $4,724,000 after acquiring an additional 274,942 shares during the last quarter. Insight Wealth Strategies LLC lifted its position in Payoneer Global by 176.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 356,666 shares of the company’s stock worth $1,733,000 after acquiring an additional 227,604 shares during the last quarter. Hudson Bay Capital Management LP lifted its position in Payoneer Global by 100.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 600,000 shares of the company’s stock worth $3,672,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Payoneer Global by 85.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock worth $18,236,000 after acquiring an additional 1,370,007 shares during the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.

About Payoneer Global

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Payoneer Global (NASDAQ:PAYO)

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