Scott H. Galit Sells 18,049 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYOGet Rating) CEO Scott H. Galit sold 18,049 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $5.36, for a total transaction of $96,742.64. Following the completion of the sale, the chief executive officer now owns 1,495,018 shares in the company, valued at approximately $8,013,296.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Payoneer Global Trading Up 2.4 %

Shares of NASDAQ PAYO opened at $5.57 on Friday. Payoneer Global Inc. has a twelve month low of $3.33 and a twelve month high of $8.04. The firm has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $5.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently bought and sold shares of PAYO. Nisa Investment Advisors LLC bought a new position in Payoneer Global during the second quarter worth $38,000. Allspring Global Investments Holdings LLC bought a new position in Payoneer Global during the third quarter worth $39,000. Xponance Inc. bought a new position in Payoneer Global during the second quarter worth $46,000. Walleye Capital LLC bought a new position in Payoneer Global during the first quarter worth $50,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Payoneer Global during the second quarter worth $53,000. Institutional investors own 72.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Payoneer Global to $9.00 in a research report on Tuesday, November 15th. Keefe, Bruyette & Woods raised their price target on shares of Payoneer Global from $8.00 to $9.00 in a research note on Monday, October 10th. Citigroup raised their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Finally, Needham & Company LLC raised their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 10th.

Payoneer Global Company Profile

(Get Rating)

Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants 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.

Further Reading

Insider Buying and Selling by Quarter for Payoneer Global (NASDAQ:PAYO)

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