Payoneer Global Inc. (NASDAQ:PAYO) Insider Tsafi Goldman Sells 96,350 Shares

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total transaction of $970,244.50. Following the transaction, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tsafi Goldman also recently made the following trade(s):

• On Tuesday, December 10th, Tsafi Goldman sold 263,873 shares of Payoneer Global stock. The stock was sold at an average price of $10.10, for a total value of $2,665,117.30.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded up $0.33 during trading on Friday, hitting $10.48. The stock had a trading volume of 1,938,832 shares, compared to its average volume of 1,814,866. The firm has a fifty day moving average of $10.22 and a two-hundred day moving average of $7.92. The company has a market capitalization of $3.74 billion, a PE ratio of 29.94 and a beta of 0.90. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. The business had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same period in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts expect that Payoneer Global Inc. will post 0.35 earnings per share for the current fiscal year.

Institutional Trading of Payoneer Global

A number of institutional investors and hedge funds have recently modified their holdings of PAYO. Quarry LP bought a new position in Payoneer Global during the second quarter valued at about $29,000. Blue Trust Inc. boosted its stake in Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after acquiring an additional 4,736 shares during the period. FSC Wealth Advisors LLC purchased a new stake in shares of Payoneer Global during the 3rd quarter worth approximately $68,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Payoneer Global in the 2nd quarter worth approximately $94,000. 82.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PAYO shares. Northland Securities boosted their price objective on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Needham & Company LLC boosted their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their price objective 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. Benchmark boosted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods lowered shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $11.36.

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.