Payoneer Global Inc. (NASDAQ:PAYO) Director Sells $109,538.60 in Stock

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) Director Susanna Morgan sold 16,180 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $6.77, for a total value of $109,538.60. Following the transaction, the director now directly owns 80,902 shares of the company's stock, valued at $547,706.54. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Payoneer Global Price Performance

NASDAQ PAYO traded up $0.11 on Thursday, hitting $6.88. 2,225,568 shares of the stock were exchanged, compared to its average volume of 3,195,202. Payoneer Global Inc. has a 52-week low of $5.03 and a 52-week high of $11.29. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.88 and a beta of 0.99. The company's 50-day moving average price is $6.76 and its two-hundred day moving average price is $8.74.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The business had revenue of $246.62 million during the quarter, compared to analysts' expectations of $244.52 million. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. Payoneer Global's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. Equities analysts predict that Payoneer Global Inc. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Payoneer Global

A number of hedge funds have recently modified their holdings of PAYO. Susquehanna Capital Management LLC lifted its holdings in shares of Payoneer Global by 290.3% in the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock valued at $253,700,000 after purchasing an additional 18,794,047 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Payoneer Global during the first quarter worth $28,023,000. Vanguard Group Inc. raised its holdings in shares of Payoneer Global by 12.1% during the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock worth $247,675,000 after acquiring an additional 3,656,056 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Payoneer Global by 200.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,470,347 shares of the company's stock worth $34,842,000 after acquiring an additional 2,313,481 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Payoneer Global by 252.8% during the fourth quarter. Deutsche Bank AG now owns 2,779,110 shares of the company's stock worth $27,902,000 after acquiring an additional 1,991,449 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup reaffirmed a "buy" rating and set a $10.00 target price (down from $13.00) on shares of Payoneer Global in a report on Thursday, May 22nd. Keefe, Bruyette & Woods upgraded shares of Payoneer Global from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $7.00 to $9.00 in a research note on Tuesday, May 13th. Jefferies Financial Group lifted their target price on Payoneer Global from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Needham & Company LLC lowered their target price on Payoneer Global from $14.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, The Goldman Sachs Group reduced their price objective on Payoneer Global from $11.00 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $10.44.

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.