Scott H. Galit Sells 12,221 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) Director Scott H. Galit sold 12,221 shares of Payoneer Global stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.23, for a total transaction of $63,915.83. Following the transaction, the director now owns 2,451,171 shares in the company, valued at approximately $12,819,624.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Payoneer Global Stock Up 12.6 %

Shares of NASDAQ:PAYO opened at $5.88 on Thursday. The company has a fifty day simple moving average of $4.82 and a 200 day simple moving average of $5.07. The firm has a market cap of $2.17 billion, a PE ratio of 24.50 and a beta of 0.77. Payoneer Global Inc. has a 12-month low of $4.02 and a 12-month high of $6.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. The firm had revenue of $224.32 million during the quarter, compared to analyst estimates of $223.65 million. On average, equities research analysts anticipate that Payoneer Global Inc. will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its stake in shares of Payoneer Global by 2.2% during the third quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock valued at $566,000 after acquiring an additional 2,007 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Payoneer Global by 27.8% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock valued at $46,000 after acquiring an additional 2,074 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Payoneer Global by 1.8% during the 4th quarter. Yousif Capital Management LLC now owns 129,060 shares of the company’s stock valued at $672,000 after purchasing an additional 2,320 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Payoneer Global by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock worth $1,108,000 after purchasing an additional 2,958 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of Payoneer Global by 1.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 160,551 shares of the company’s stock worth $780,000 after purchasing an additional 3,028 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PAYO shares. Benchmark reaffirmed a “buy” rating and issued a $7.00 target price on shares of Payoneer Global in a research report on Tuesday, March 26th. Needham & Company LLC reduced their price target on Payoneer Global from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Cantor Fitzgerald lowered their price objective on shares of Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Citigroup reduced their target price on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Payoneer Global presently has an average rating of “Buy” and an average price target of $6.57.

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.