Payoneer Global Inc. (NASDAQ:PAYO) CFO Sells $884,000.00 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the transaction, the chief financial officer now owns 2,305,245 shares in the company, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Payoneer Global Price Performance

NASDAQ:PAYO traded down $0.09 during trading hours on Thursday, hitting $10.19. The company’s stock had a trading volume of 1,931,993 shares, compared to its average volume of 3,318,988. The stock has a fifty day simple moving average of $10.41 and a 200-day simple moving average of $8.38. The company has a market capitalization of $3.63 billion, a P/E ratio of 29.12 and a beta of 0.92. Payoneer Global Inc. has a twelve month low of $4.22 and a twelve month high of $11.29.

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

Institutional Trading of Payoneer Global

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Payoneer Global by 22.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,593,005 shares of the company’s stock valued at $25,446,000 after purchasing an additional 849,680 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Payoneer Global by 254.7% during the second quarter. XTX Topco Ltd now owns 49,434 shares of the company’s stock valued at $274,000 after purchasing an additional 35,497 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Payoneer Global by 4.5% during the second quarter. Sei Investments Co. now owns 182,727 shares of the company’s stock valued at $1,012,000 after purchasing an additional 7,903 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Payoneer Global by 3.1% during 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. boosted its stake in shares of Payoneer Global by 12.1% during 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 in the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PAYO. Keefe, Bruyette & Woods lowered their price objective on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research cut Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Citigroup raised their price target on Payoneer Global from $8.50 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Benchmark raised their price target on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently 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.