Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) Director Scott H. Galit sold 191,283 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $4.85, for a total value of $927,722.55. Following the sale, the director now directly owns 2,476,139 shares in the company, valued at $12,009,274.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Payoneer Global Trading Up 0.4 %
NASDAQ:PAYO opened at $4.89 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 20.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $4.88 and a 200-day moving average price of $5.20. Payoneer Global Inc. has a one year low of $4.02 and a one year high of $6.48.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. The business had revenue of $224.32 million during the quarter, compared to analysts' expectations of $223.65 million. Payoneer Global had a return on equity of 14.80% and a net margin of 11.23%. Sell-side analysts forecast that Payoneer Global Inc. will post 0.22 EPS for the current year.
Hedge Funds Weigh In On Payoneer Global
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Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Payoneer Global by 23.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,075,139 shares of the company's stock worth $12,700,000 after purchasing an additional 399,873 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Payoneer Global by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company's stock worth $170,085,000 after buying an additional 1,166,894 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in Payoneer Global in the 3rd quarter worth $723,000. Principal Financial Group Inc. raised its holdings in Payoneer Global by 20.4% during the third quarter. Principal Financial Group Inc. now owns 1,500,980 shares of the company's stock valued at $9,186,000 after acquiring an additional 253,833 shares during the period. Finally, Capula Management Ltd purchased a new position in shares of Payoneer Global in the third quarter valued at about $1,083,000. Hedge funds and other institutional investors own 82.22% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on PAYO shares. Keefe, Bruyette & Woods dropped their price target on shares of Payoneer Global from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Thursday, February 29th. Cantor Fitzgerald cut their target price 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. The Goldman Sachs Group decreased 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 dropped their price target on Payoneer Global from $7.50 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, March 21st. Finally, Needham & Company LLC cut their price objective on Payoneer Global from $8.00 to $7.00 and set a "buy" rating for the company in a report on Monday, April 1st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $6.57.
View Our Latest Research 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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