Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) CAO Itai Perry sold 3,900 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Payoneer Global Price Performance
PAYO stock opened at $7.89 on Friday. The firm has a 50 day simple moving average of $7.23 and a two-hundred day simple moving average of $6.05. The stock has a market cap of $2.95 billion, a PE ratio of 26.30 and a beta of 0.85. Payoneer Global Inc. has a one year low of $4.22 and a one year high of $8.01.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company had revenue of $239.50 million during the quarter, compared to analyst estimates of $223.12 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that Payoneer Global Inc. will post 0.25 EPS for the current fiscal year.
Hedge Funds Weigh In On Payoneer Global
Analysts Set New Price Targets
PAYO has been the subject of a number of analyst reports. Needham & Company LLC raised their price target on Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Keefe, Bruyette & Woods lifted their target price on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Cantor Fitzgerald raised shares of Payoneer Global to a “strong-buy” rating in a report on Monday, August 12th. The Goldman Sachs Group boosted their price objective on shares of Payoneer Global from $6.50 to $8.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Citigroup increased their target price on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Payoneer Global currently has an average rating of “Buy” and an average price target of $8.64.
Check Out Our Latest Research Report on Payoneer Global
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.
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