Itai Perry Sells 52,829 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) CAO Itai Perry sold 52,829 shares of Payoneer Global stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $10.64, for a total value of $562,100.56. Following the transaction, the chief accounting officer now owns 201,882 shares in the company, valued at approximately $2,148,024.48. This represents a 20.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Itai Perry also recently made the following trade(s):

• On Tuesday, October 15th, Itai Perry sold 4,100 shares of Payoneer Global stock. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00.
• On Wednesday, October 9th, Itai Perry sold 3,900 shares of Payoneer Global stock. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00.

Payoneer Global Stock Performance

NASDAQ:PAYO opened at $10.78 on Friday. The stock has a 50 day moving average price of $8.62 and a 200 day moving average price of $6.93. The stock has a market cap of $3.84 billion, a PE ratio of 30.80 and a beta of 0.82. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $10.96.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating 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 last year, the firm posted $0.05 EPS. Payoneer Global’s quarterly revenue was up 19.4% on a year-over-year basis. As a group, analysts predict that Payoneer Global Inc. will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC raised its holdings in Payoneer Global by 352.8% during the third quarter. Barclays PLC now owns 498,727 shares of the company’s stock worth $3,755,000 after purchasing an additional 388,584 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Payoneer Global in the 3rd quarter worth approximately $2,339,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Payoneer Global during the third quarter valued at approximately $3,982,000. Centiva Capital LP acquired a new stake in Payoneer Global in the 3rd quarter valued at $121,000. Finally, Azora Capital LP bought a new position in Payoneer Global in the 3rd quarter valued at $31,901,000. 82.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAYO has been the topic of several recent research reports. Northland Securities lifted their target price on Payoneer Global from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Cantor Fitzgerald upgraded Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. The Goldman Sachs Group boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Citigroup upped their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Benchmark lifted their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $10.79.

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.