Tsafi Goldman Sells 96,350 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYO) insider Tsafi Goldman sold 96,350 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This trade represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tsafi Goldman also recently made the following trade(s):

• On Tuesday, December 10th, Tsafi Goldman sold 263,873 shares of Payoneer Global stock. The stock was sold at an average price of $10.10, for a total transaction of $2,665,117.30.

Payoneer Global Trading Up 3.3 %

NASDAQ PAYO opened at $10.48 on Friday. The company has a market cap of $3.74 billion, a PE ratio of 29.94 and a beta of 0.90. Payoneer Global Inc. has a 12 month low of $4.22 and a 12 month high of $11.29. The stock has a 50 day moving average of $10.22 and a 200-day moving average of $7.94.

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

Analyst Ratings Changes

A number of brokerages recently commented on PAYO. Benchmark raised their price objective on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods lowered Payoneer Global from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a report on Monday, December 9th. Needham & Company LLC lifted their target price on Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price target on Payoneer Global from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Northland Securities lifted their price objective on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Payoneer Global has an average rating of “Buy” and an average target price of $11.36.

Hedge Funds Weigh In On Payoneer Global

A number of institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in shares of Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock worth $33,000 after acquiring an additional 2,552 shares during the period. Quarry LP bought a new stake in Payoneer Global in the 2nd quarter valued at $29,000. GAMMA Investing LLC lifted its holdings in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock valued at $44,000 after purchasing an additional 4,736 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in Payoneer Global during the third quarter worth $68,000. Finally, Advisor Resource Council acquired a new position in shares of Payoneer Global in the third quarter valued at $105,000. Institutional investors and hedge funds 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.