Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) CFO Sells 85,000 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the sale, the chief financial officer now owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Payoneer Global Price Performance

Shares of NASDAQ PAYO opened at $10.19 on Friday. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 29.12 and a beta of 0.92. The stock’s 50-day moving average is $10.40 and its two-hundred day moving average is $8.45. Payoneer Global Inc. has a 1-year low of $4.22 and a 1-year high of $11.29.

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

Institutional Investors Weigh In On Payoneer Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Payoneer Global by 22.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after buying an additional 849,680 shares in the last quarter. XTX Topco Ltd raised its position in shares of Payoneer Global by 254.7% during the 2nd quarter. XTX Topco Ltd now owns 49,434 shares of the company’s stock worth $274,000 after acquiring an additional 35,497 shares in the last quarter. Sei Investments Co. lifted its stake in Payoneer Global by 4.5% during the second quarter. Sei Investments Co. now owns 182,727 shares of the company’s stock worth $1,012,000 after purchasing an additional 7,903 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Payoneer Global by 3.1% in the second quarter. Public Sector Pension Investment Board now owns 557,352 shares of the company’s stock valued at $3,088,000 after purchasing an additional 16,780 shares in the last quarter. Finally, Xponance Inc. increased its stake in Payoneer Global by 12.1% in the second quarter. Xponance Inc. now owns 17,928 shares of the company’s stock valued at $99,000 after purchasing an additional 1,942 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. Citigroup increased their target price on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods dropped their target price on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Payoneer Global has a consensus rating of “Moderate Buy” and an average price target of $11.86.

About Payoneer Global

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.