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 Payoneer Global stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now owns 741,748 shares in the company, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $10.10, for a total value of $2,665,117.30.

Payoneer Global Stock Up 3.3 %

NASDAQ PAYO traded up $0.33 on Friday, hitting $10.48. The company’s stock had a trading volume of 1,938,832 shares, compared to its average volume of 1,814,866. The company’s 50-day moving average is $10.22 and its 200 day moving average is $7.92. The firm 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 1-year low of $4.22 and a 1-year high of $11.29.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Payoneer Global

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Payoneer Global by 135.2% during the third quarter. Blue Trust Inc. now owns 4,440 shares of the company’s stock valued at $33,000 after acquiring an additional 2,552 shares during the last quarter. Quarry LP bought a new stake in shares of Payoneer Global during the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew its stake in Payoneer Global by 438.5% during the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company’s stock worth $44,000 after purchasing an additional 4,736 shares during the period. FSC Wealth Advisors LLC bought a new stake in Payoneer Global in the third quarter worth approximately $68,000. Finally, Advisor Resource Council acquired a new position in Payoneer Global in the third quarter valued at approximately $105,000. 82.22% of the stock is currently owned by institutional investors.

About Payoneer Global

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.