Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit Sells 191,283 Shares

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 191,283 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $4.85, for a total transaction of $927,722.55. Following the completion of the transaction, the director now directly owns 2,476,139 shares of the company’s stock, valued at approximately $12,009,274.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Payoneer Global Stock Performance

Shares of PAYO stock opened at $4.83 on Friday. The stock has a market cap of $1.78 billion, a P/E ratio of 20.13 and a beta of 0.81. 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 company has a fifty day moving average price of $4.88 and a two-hundred day moving average price of $5.19. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $6.48.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $224.32 million during the quarter, compared to analysts’ expectations of $223.65 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. As a group, equities analysts predict that Payoneer Global Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

PAYO has been the subject of a number of analyst reports. 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 report on Thursday, March 21st. Keefe, Bruyette & Woods decreased their target price on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Needham & Company LLC decreased their target price on shares of Payoneer Global from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, April 1st. The Goldman Sachs Group decreased their target price on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Finally, Cantor Fitzgerald decreased their target price on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $6.57.

Hedge Funds Weigh In On Payoneer Global

Several large investors have recently modified their holdings of the stock. Insight Wealth Strategies LLC raised its position in shares of Payoneer Global by 176.4% in the first quarter. Insight Wealth Strategies LLC now owns 356,666 shares of the company’s stock valued at $1,733,000 after purchasing an additional 227,604 shares during the period. Vanguard Group Inc. raised its position in shares of Payoneer Global by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock valued at $148,897,000 after purchasing an additional 787,509 shares during the period. Wellington Management Group LLP raised its position in shares of Payoneer Global by 68.4% in the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares during the period. Virtu Financial LLC bought a new position in shares of Payoneer Global in the fourth quarter valued at about $87,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Payoneer Global by 9.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,611,558 shares of the company’s stock valued at $24,027,000 after purchasing an additional 404,237 shares during the period. 82.22% of the stock is owned by institutional investors.

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.