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 the firm’s 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 sale, the director now directly owns 2,451,171 shares of the company’s stock, valued at $12,819,624.33. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Payoneer Global Stock Performance

Shares of Payoneer Global stock traded up $0.02 during trading hours on Tuesday, reaching $5.22. The company’s stock had a trading volume of 2,060,047 shares, compared to its average volume of 2,508,153. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $6.48. The company’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $1.92 billion, a P/E ratio of 21.75 and a beta of 0.77.

Payoneer Global (NASDAQ:PAYO) last issued its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. The firm had revenue of $224.32 million for the quarter, compared to analysts’ expectations of $223.65 million. As a group, analysts expect that Payoneer Global Inc. will post 0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Payoneer Global

Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its position in shares of Payoneer Global by 7.3% during the first quarter. Sei Investments Co. now owns 174,824 shares of the company’s stock worth $850,000 after acquiring an additional 11,907 shares during the last quarter. Swiss National Bank boosted its stake in Payoneer Global by 0.9% during the 1st quarter. Swiss National Bank now owns 535,700 shares of the company’s stock valued at $2,604,000 after purchasing an additional 4,800 shares during the period. Illinois Municipal Retirement Fund grew its position in 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 during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Payoneer Global by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 227,988 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,958 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Payoneer Global during the first quarter valued at approximately $313,000. Institutional investors own 82.22% of the company’s stock.

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.