Tsafi Goldman Sells 35,375 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 35,375 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $6.19, for a total value of $218,971.25. Following the completion of the sale, the insider now directly owns 730,468 shares in the company, valued at $4,521,596.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Payoneer Global Trading Down 2.4 %

PAYO traded down $0.15 on Monday, reaching $6.01. 3,230,842 shares of the company traded hands, compared to its average volume of 3,166,609. The company has a market cap of $2.16 billion, a P/E ratio of 200.33 and a beta of 0.98. The firm has a fifty day simple moving average of $5.65 and a two-hundred day simple moving average of $5.42. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $8.04. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.02.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. Payoneer Global had a return on equity of 4.36% and a net margin of 2.28%. The company had revenue of $206.70 million for the quarter, compared to analysts’ expectations of $197.24 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Payoneer Global’s revenue was up 39.5% compared to the same quarter last year. As a group, equities research analysts expect that Payoneer Global Inc. will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Payoneer Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Payoneer Global by 0.4% during the 2nd quarter. FMR LLC now owns 533,502 shares of the company’s stock valued at $2,091,000 after purchasing an additional 2,039 shares during the last quarter. Arizona State Retirement System boosted its holdings in Payoneer Global by 3.8% in the first quarter. Arizona State Retirement System now owns 60,882 shares of the company’s stock worth $382,000 after acquiring an additional 2,228 shares in the last quarter. Metropolitan Life Insurance Co NY grew its stake in shares of Payoneer Global by 20.2% during the second quarter. Metropolitan Life Insurance Co NY now owns 14,610 shares of the company’s stock worth $70,000 after acquiring an additional 2,453 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Payoneer Global by 91.7% during the second quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock valued at $28,000 after acquiring an additional 2,831 shares during the last quarter. Finally, Xponance Inc. lifted its position in shares of Payoneer Global by 23.7% in the second quarter. Xponance Inc. now owns 15,615 shares of the company’s stock valued at $75,000 after acquiring an additional 2,989 shares in the last quarter. Hedge funds and other institutional investors own 82.92% of the company’s stock.

Analyst Ratings Changes

PAYO has been the subject of several analyst reports. Berenberg Bank assumed coverage on shares of Payoneer Global in a report on Monday, July 10th. They issued a “buy” rating and a $7.00 target price for the company. Citigroup lifted their target price 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 issued a $10.00 target price on shares of Payoneer Global in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Payoneer Global 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.