Tsafi Goldman Sells 263,873 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 263,873 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total value of $2,665,117.30. Following the sale, the insider now owns 741,748 shares in the company, valued at approximately $7,491,654.80. The trade was a 26.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Payoneer Global Stock Performance

PAYO traded up $0.23 during midday trading on Wednesday, reaching $10.36. The company had a trading volume of 2,356,992 shares, compared to its average volume of 2,761,876. The business has a 50-day moving average price of $9.45 and a two-hundred day moving average price of $7.40. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29. The stock has a market cap of $3.69 billion, a PE ratio of 28.94 and a beta of 0.90.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. The firm had revenue of $248.30 million for the quarter, compared to analyst estimates of $225.44 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. On average, research analysts anticipate that Payoneer Global Inc. will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Payoneer Global

A number of large investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Payoneer Global during the second quarter valued at about $29,000. Blue Trust Inc. grew its holdings in shares of Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after purchasing an additional 2,552 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after purchasing an additional 4,736 shares during the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Payoneer Global during the 2nd quarter valued at $56,000. Finally, FSC Wealth Advisors LLC purchased a new stake in Payoneer Global during the third quarter valued at about $68,000. 82.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYO has been the topic of a number of research analyst reports. 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 report on Wednesday, November 6th. 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. Northland Securities boosted their price objective on Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Keefe, Bruyette & Woods cut Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Monday. Finally, Benchmark upped their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Payoneer Global presently has an average rating of “Buy” and an average target price of $11.36.

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.