Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit Sells 355,717 Shares

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 355,717 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $4.71, for a total value of $1,675,427.07. Following the completion of the sale, the director now owns 3,127,981 shares in the company, valued at $14,732,790.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Payoneer Global Trading Up 3.6 %

Shares of PAYO opened at $4.89 on Thursday. The business’s 50-day moving average price is $4.87 and its 200 day moving average price is $5.29. The stock has a market capitalization of $1.80 billion, a P/E ratio of 20.38 and a beta of 0.81. Payoneer Global Inc. has a 1-year low of $4.02 and a 1-year high of $6.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald cut their target price on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Keefe, Bruyette & Woods cut their target price on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of Payoneer Global in a research note on Wednesday, February 28th. The Goldman Sachs Group cut their price objective on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Finally, Benchmark restated a “buy” rating and set a $7.00 price objective on shares of Payoneer Global in a research note on Tuesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $6.71.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Payoneer Global by 5.2% during the 2nd quarter. BlackRock Inc. now owns 33,938,367 shares of the company’s stock valued at $163,244,000 after acquiring an additional 1,671,920 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Payoneer Global by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock worth $148,897,000 after purchasing an additional 787,509 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Payoneer Global by 85,862.0% during the first quarter. Susquehanna International Group LLP now owns 18,819,651 shares of the company’s stock worth $118,187,000 after buying an additional 18,797,758 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Payoneer Global by 9.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,601,619 shares of the company’s stock valued at $61,158,000 after purchasing an additional 1,383,186 shares during the period. Finally, State Street Corp increased its position in shares of Payoneer Global by 11.2% during the second quarter. State Street Corp now owns 8,262,878 shares of the company’s stock valued at $39,744,000 after purchasing an additional 831,226 shares during the period. Hedge funds and other institutional investors own 82.22% of the company’s stock.

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.