Payoneer Global Inc. (NASDAQ:PAYO) Director Sells $927,722.55 in Stock

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) Director Scott H. Galit sold 191,283 shares of the stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $4.85, for a total transaction of $927,722.55. Following the completion of the sale, the director now owns 2,476,139 shares in the company, valued at $12,009,274.15. The transaction was disclosed in a filing with the SEC, which is available through this link.

Payoneer Global Price Performance

NASDAQ:PAYO traded up $0.02 during mid-day trading on Thursday, reaching $4.89. The stock had a trading volume of 994,410 shares, compared to its average volume of 2,596,246. The stock has a market capitalization of $1.80 billion, a P/E ratio of 20.38 and a beta of 0.81. The firm has a 50 day moving average price of $4.88 and a two-hundred day moving average price of $5.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $6.48.

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

Wall Street Analysts Forecast Growth

PAYO has been the topic of a number of recent analyst reports. Benchmark reiterated a "buy" rating and issued a $7.00 price objective on shares of Payoneer Global in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods lowered their price target on Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Cantor Fitzgerald cut their price objective on Payoneer Global from $8.00 to $7.00 and set an "overweight" rating for the company in a report on Friday, March 1st. Needham & Company LLC decreased their price objective on shares of Payoneer Global from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Monday, April 1st. Finally, The Goldman Sachs Group dropped 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. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $6.57.

Hedge Funds Weigh In On Payoneer Global

A number of large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Payoneer Global by 23.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company's stock valued at $12,700,000 after purchasing an additional 399,873 shares during the period. Vanguard Group Inc. boosted 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 valued at $170,085,000 after buying an additional 1,166,894 shares during the period. Illinois Municipal Retirement Fund bought a new stake in Payoneer Global in the 3rd quarter worth $723,000. Principal Financial Group Inc. increased its position in shares of Payoneer Global by 20.4% in the third quarter. Principal Financial Group Inc. now owns 1,500,980 shares of the company's stock valued at $9,186,000 after acquiring an additional 253,833 shares during the period. Finally, Capula Management Ltd purchased a new position in shares of Payoneer Global in the third quarter valued at about $1,083,000. Hedge funds and other institutional investors own 82.22% of the company's stock.

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.

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