Insider Selling: Payoneer Global (NASDAQ:PAYO) CFO Sells $175,250.00 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 25,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the transaction, the chief financial officer directly owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $7.02 on Friday. The firm’s fifty day moving average price is $5.30 and its two-hundred day moving average price is $5.35. The stock has a market cap of $2.35 billion, a PE ratio of 35.10, a PEG ratio of 0.75 and a beta of 1.02. Payoneer Global Inc. has a fifty-two week low of $4.08 and a fifty-two week high of $7.66.

Payoneer Global (NASDAQ:PAYO) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $261.60 million during the quarter, compared to analysts’ expectations of $255.12 million. Payoneer Global had a return on equity of 11.10% and a net margin of 6.76%.Payoneer Global’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. As a group, sell-side analysts predict that Payoneer Global Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen raised shares of Payoneer Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. William Blair lowered Payoneer Global from an “outperform” rating to a “hold” rating in a report on Monday. Bank of America began coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective on the stock. Benchmark lowered shares of Payoneer Global from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods downgraded shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Payoneer Global has a consensus rating of “Hold” and a consensus target price of $7.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. grew its stake in Payoneer Global by 246.5% in the 2nd quarter. Osaic Holdings Inc. now owns 4,636 shares of the company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the period. Leonteq Securities AG raised its stake in shares of Payoneer Global by 72.0% during the 1st quarter. Leonteq Securities AG now owns 6,496 shares of the company’s stock worth $31,000 after purchasing an additional 2,720 shares during the period. CWM LLC boosted its holdings in shares of Payoneer Global by 178.6% in the 4th quarter. CWM LLC now owns 9,384 shares of the company’s stock worth $53,000 after buying an additional 6,016 shares during the last quarter. Resonant Capital Advisors LLC purchased a new position in shares of Payoneer Global in the 1st quarter worth about $49,000. Finally, Vident Advisory LLC bought a new stake in shares of Payoneer Global in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.

About Payoneer Global

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.