Insider Selling: Payoneer Global Inc. (NASDAQ:PAYO) CFO Sells 7,536 Shares of Stock

Payoneer Global Inc. (NASDAQ:PAYOGet Rating) CFO Michael G. Levine sold 7,536 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $5.36, for a total transaction of $40,392.96. Following the completion of the sale, the chief financial officer now directly owns 1,160,235 shares in the company, valued at approximately $6,218,859.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Payoneer Global Price Performance

PAYO traded up $0.13 during trading on Thursday, hitting $5.57. The company’s stock had a trading volume of 1,903,133 shares, compared to its average volume of 3,974,485. Payoneer Global Inc. has a twelve month low of $3.33 and a twelve month high of $8.04. The firm’s 50 day moving average price is $6.66 and its 200-day moving average price is $5.73. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

PAYO has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on Payoneer Global from $8.00 to $9.00 in a research note on Monday, October 10th. Needham & Company LLC upped their price objective on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. The Goldman Sachs Group dropped their price objective on Payoneer Global to $9.00 in a research report on Tuesday, November 15th. Finally, Citigroup upped their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, November 10th.

Institutional Investors Weigh In On Payoneer Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. purchased a new position in Payoneer Global during the second quarter worth about $104,000. Sage Mountain Advisors LLC acquired a new stake in shares of Payoneer Global in the first quarter worth approximately $1,453,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Payoneer Global in the first quarter worth approximately $2,686,000. Versor Investments LP purchased a new stake in Payoneer Global in the second quarter valued at approximately $181,000. Finally, CTC Capital Management LLC acquired a new position in Payoneer Global during the first quarter worth approximately $99,000. Hedge funds and other institutional investors own 72.41% of the company’s stock.

Payoneer Global Company Profile

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Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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Insider Buying and Selling by Quarter for Payoneer Global (NASDAQ:PAYO)

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