Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) Director Sells $2,121,600.00 in Stock

Payoneer Global Inc. (NASDAQ:PAYOGet Free Report) Director Scott H. Galit sold 390,000 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $5.44, for a total transaction of $2,121,600.00. Following the completion of the sale, the director now owns 2,122,421 shares in the company, valued at approximately $11,545,970.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Payoneer Global Trading Down 4.3 %

NASDAQ:PAYO opened at $5.29 on Thursday. The company’s 50 day moving average price is $5.66 and its 200-day moving average price is $5.17. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 17.63 and a beta of 0.82.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of 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 stake in shares of Payoneer Global by 43.5% during the 4th quarter. Allianz Asset Management GmbH now owns 906,735 shares of the company’s stock valued at $4,724,000 after buying an additional 274,942 shares in the last quarter. Insight Wealth Strategies LLC lifted its stake in shares of Payoneer Global by 176.4% during the 1st quarter. Insight Wealth Strategies LLC now owns 356,666 shares of the company’s stock valued at $1,733,000 after buying an additional 227,604 shares in the last quarter. Hudson Bay Capital Management LP lifted its stake in shares of Payoneer Global by 100.0% during the 3rd quarter. Hudson Bay Capital Management LP now owns 600,000 shares of the company’s stock valued at $3,672,000 after buying an additional 300,000 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of 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 valued at $18,236,000 after buying an additional 1,370,007 shares in the last quarter. Institutional investors own 82.22% of the company’s stock.

Analyst Ratings Changes

PAYO has been the topic of a number of recent research reports. Citigroup cut their price objective on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Benchmark restated a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a report on Tuesday, May 14th. Finally, Needham & Company LLC upped their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. Six equities research 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 a consensus target price of $7.00.

View Our Latest Stock Report on PAYO

Payoneer Global Company Profile

(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.

Further Reading

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

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