Scott H. Galit Sells 244,662 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 244,662 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $4.87, for a total value of $1,191,503.94. Following the sale, the director now directly owns 2,977,422 shares of the company’s stock, valued at $14,500,045.14. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Payoneer Global Stock Up 0.4 %

NASDAQ:PAYO opened at $4.89 on Friday. Payoneer Global Inc. has a 12-month low of $4.02 and a 12-month high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.80 billion, a P/E ratio of 20.38 and a beta of 0.81. The stock’s fifty day simple moving average is $4.88 and its 200-day simple moving average is $5.20.

Payoneer Global (NASDAQ:PAYO) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The business had revenue of $224.32 million for the quarter, compared to analyst estimates of $223.65 million. Equities research analysts expect that Payoneer Global Inc. will post 0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PAYO has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $7.00 price target on shares of Payoneer Global in a report on Tuesday, March 26th. The Goldman Sachs Group lowered their target price on Payoneer Global from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Citigroup lowered their target price on Payoneer Global from $7.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Keefe, Bruyette & Woods lowered their target price on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Finally, Needham & Company LLC lowered their target price on Payoneer Global from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, April 1st. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Payoneer Global has a consensus rating of “Buy” and a consensus target price of $6.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAYO. PNC Financial Services Group Inc. bought a new position in shares of Payoneer Global in the 4th quarter worth $27,000. Osaic Holdings Inc. boosted its position in shares of Payoneer Global by 91.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock worth $28,000 after purchasing an additional 2,831 shares during the last quarter. Federated Hermes Inc. bought a new position in Payoneer Global during the fourth quarter worth about $29,000. C M Bidwell & Associates Ltd. bought a new position in Payoneer Global during the third quarter worth about $39,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Payoneer Global by 63.3% during the third quarter. Tower Research Capital LLC TRC now owns 6,452 shares of the company’s stock worth $39,000 after acquiring an additional 2,501 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

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.