Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) Director Scott H. Galit sold 244,662 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $4.87, for a total transaction of $1,191,503.94. Following the sale, the director now owns 2,977,422 shares of the company's stock, valued at approximately $14,500,045.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Payoneer Global Trading Up 0.2 %
PAYO opened at $4.87 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. Payoneer Global Inc. has a fifty-two week low of $4.02 and a fifty-two week high of $6.48. The firm has a market capitalization of $1.80 billion, a PE ratio of 20.29 and a beta of 0.81. The company's 50-day moving average is $4.88 and its 200 day moving average is $5.20.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $224.32 million during the quarter, compared to the consensus estimate of $223.65 million. As a group, research analysts predict that Payoneer Global Inc. will post 0.22 earnings per share for the current fiscal year.
Institutional Trading of Payoneer Global
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Several institutional investors and hedge funds have recently bought and sold shares of PAYO. BlackRock Inc. raised its position in shares of Payoneer Global by 5.2% during the 2nd quarter. BlackRock Inc. now owns 33,938,367 shares of the company's stock valued at $163,244,000 after buying an additional 1,671,920 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Payoneer Global by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company's stock valued at $148,897,000 after purchasing an additional 787,509 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of Payoneer Global by 85,862.0% during the 1st quarter. Susquehanna International Group LLP now owns 18,819,651 shares of the company's stock valued at $118,187,000 after purchasing an additional 18,797,758 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Payoneer Global by 9.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 15,601,619 shares of the company's stock valued at $61,158,000 after purchasing an additional 1,383,186 shares in the last quarter. Finally, State Street Corp lifted its position in Payoneer Global by 11.2% during the 2nd quarter. State Street Corp now owns 8,262,878 shares of the company's stock valued at $39,744,000 after acquiring an additional 831,226 shares during the period. 82.22% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on PAYO. Needham & Company LLC reduced their target price on shares of Payoneer Global from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Monday, April 1st. The Goldman Sachs Group cut their target price on shares of 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 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. Benchmark reissued a "buy" rating and issued a $7.00 price target on shares of Payoneer Global in a report on Tuesday, March 26th. Finally, Cantor Fitzgerald lowered their target price on shares of Payoneer Global from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Friday, March 1st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $6.57.
View Our Latest Report on PAYO
Payoneer Global Company Profile
(
Get Free Report)
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.
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