Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) Director Sells 16,180 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) Director Susanna Morgan sold 16,180 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $6.77, for a total transaction of $109,538.60. Following the transaction, the director now directly owns 80,902 shares in the company, valued at approximately $547,706.54. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Payoneer Global Stock Performance

PAYO stock traded up $0.15 during mid-day trading on Friday, hitting $7.03. 2,230,801 shares of the company were exchanged, compared to its average volume of 3,205,556. Payoneer Global Inc. has a 1-year low of $5.03 and a 1-year high of $11.29. The firm's 50 day simple moving average is $6.75 and its 200 day simple moving average is $8.67. The firm has a market cap of $2.54 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.88 and a beta of 0.99.

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

Hedge Funds Weigh In On Payoneer Global

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Payoneer Global by 12.1% in the first quarter. Vanguard Group Inc. now owns 33,881,608 shares of the company's stock worth $247,675,000 after purchasing an additional 3,656,056 shares during the period. Susquehanna Capital Management LLC grew its stake in Payoneer Global by 290.3% during the fourth quarter. Susquehanna Capital Management LLC now owns 25,268,954 shares of the company's stock worth $253,700,000 after buying an additional 18,794,047 shares in the last quarter. American Century Companies Inc. increased its holdings in Payoneer Global by 15.1% in the 1st quarter. American Century Companies Inc. now owns 9,403,250 shares of the company's stock valued at $68,738,000 after buying an additional 1,236,598 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Payoneer Global by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,970,295 shares of the company's stock valued at $65,574,000 after buying an additional 260,306 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Payoneer Global by 15.5% during the 1st quarter. Millennium Management LLC now owns 7,537,691 shares of the company's stock worth $55,101,000 after acquiring an additional 1,014,096 shares during the period. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.