Payoneer Global Inc. (NASDAQ:PAYO) Insider Tsafi Goldman Sells 96,350 Shares

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 96,350 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tsafi Goldman also recently made the following trade(s):

• On Tuesday, December 10th, Tsafi Goldman sold 263,873 shares of Payoneer Global stock. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30.

Payoneer Global Stock Performance

Shares of PAYO opened at $10.48 on Friday. Payoneer Global Inc. has a 52-week low of $4.22 and a 52-week high of $11.29. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 29.94 and a beta of 0.90. The business’s fifty day moving average is $10.22 and its 200-day moving average is $7.94.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share. As a group, research analysts forecast that Payoneer Global Inc. will post 0.35 EPS for the current fiscal year.

Analyst Ratings Changes

PAYO has been the subject of a number of recent research reports. Benchmark boosted their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered shares of Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Needham & Company LLC increased their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities lifted their price objective on Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Payoneer Global has a consensus rating of “Buy” and an average target price of $11.36.

Institutional Trading of Payoneer Global

A number of hedge funds have recently added to or reduced their stakes in PAYO. Quarry LP bought a new stake in Payoneer Global during the 2nd quarter worth $29,000. Blue Trust Inc. raised its holdings in Payoneer Global by 135.2% in the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after buying an additional 2,552 shares during the last quarter. GAMMA Investing LLC boosted its position in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after buying an additional 4,736 shares during the period. FSC Wealth Advisors LLC bought a new stake in Payoneer Global during the 3rd quarter worth approximately $68,000. Finally, Citizens Financial Group Inc. RI acquired a new position in Payoneer Global in the 2nd quarter valued at approximately $94,000. Institutional investors and hedge funds 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.