Payoneer Global Inc. (NASDAQ:PAYO) Director Avi Zeevi Sells 150,000 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) Director Avi Zeevi sold 150,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $6.20, for a total transaction of $930,000.00. Following the transaction, the director now owns 577,544 shares of the company’s stock, valued at $3,580,772.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Payoneer Global Stock Performance

PAYO opened at $6.01 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a fifty day moving average price of $5.67 and a 200 day moving average price of $5.41. Payoneer Global Inc. has a 1 year low of $4.02 and a 1 year high of $8.04. The stock has a market cap of $2.16 billion, a P/E ratio of 200.33 and a beta of 0.98.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $206.70 million for the quarter, compared to the consensus estimate of $197.24 million. Payoneer Global had a return on equity of 4.36% and a net margin of 2.28%. Payoneer Global’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Equities research analysts anticipate that Payoneer Global Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP grew its position in shares of Payoneer Global by 85,862.0% in the first quarter. Susquehanna International Group LLP now owns 18,819,651 shares of the company’s stock valued at $118,187,000 after purchasing an additional 18,797,758 shares during the period. Vanguard Group Inc. increased its position in shares of Payoneer Global by 191.4% during the first quarter. Vanguard Group Inc. now owns 25,792,530 shares of the company’s stock worth $115,035,000 after purchasing an additional 16,940,356 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Payoneer Global during the third quarter worth approximately $86,560,000. Victory Capital Management Inc. increased its position in shares of Payoneer Global by 1,272.2% during the fourth quarter. Victory Capital Management Inc. now owns 6,033,115 shares of the company’s stock worth $33,001,000 after purchasing an additional 5,593,435 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Payoneer Global by 19,806.3% during the first quarter. Invesco Ltd. now owns 3,775,619 shares of the company’s stock worth $16,839,000 after purchasing an additional 3,756,652 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Berenberg Bank assumed coverage on Payoneer Global in a research note on Monday, July 10th. They set a “buy” rating and a $7.00 price objective for the company. Citigroup lifted their price objective on Payoneer Global from $9.00 to $10.00 in a research note on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of Payoneer Global in a research note on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $8.07.

Payoneer Global Company Profile

Payoneer Global Inc operates a payment and commerce-enabling platform worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.