Payoneer Global Inc. (NASDAQ: PAYO – Get a rating) Chief Financial Officer Michael G. Levine sold 7,536 shares of the company in a trade dated Tuesday, Nov. 22. The stock was sold at an average price of $5.36, for a total value of $40,392.96. Following the completion of the sale, the CFO now owns 1,160,235 shares of the company, valued at $6,218,859.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at this link.
Payoneer Global Trading up 2.4%
PAYO Stock traded at $0.13 in midday trading on Wednesday, hitting $5.57. 1,903,133 shares of the company were traded, against an average volume of 3,839,983. Payoneer Global Inc. has a 52-week low of $3.33 and a 52-week high of $8.04. The company has a debt ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50-day moving average of $6.67 and a 200-day moving average of $5.73. The company has a market capitalization of $1.95 billion, a price-earnings ratio of -79.56 and a beta of 1.18.
Institutional investors weigh in on Payoneer Global
A number of hedge funds and other institutional investors have recently increased or reduced their holdings in PAYO. SG Americas Securities LLC acquired a new stake in Payoneer Global during the first quarter worth approximately $524,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings of Payoneer Global shares by 14.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,308 shares of the company worth $131,000 after purchasing an additional 3,776 shares during the period. Teacher Retirement System of Texas increased its holdings of Payoneer Global shares by 9.3% in the first quarter. Teacher Retirement System of Texas now owns 45,918 shares of the company worth $205,000 after purchasing 3,903 additional shares during the period. The Swiss National Bank increased its holdings of Payoneer Global shares by 7.6% in the first quarter. The Swiss National Bank now owns 521,100 shares of the company worth $2,324,000 after purchasing an additional 36,800 shares during the period. Finally, Hawk Ridge Capital Management LP purchased a new equity stake in Payoneer Global in the first quarter worth approximately $20,336,000. 72.41% of the shares are currently held by hedge funds and other institutional investors.
Wall Street analysts predict growth
A number of equity research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Payoneer Global from $8.00 to $9.00 in a Monday, October 10 research report. Needham & Company LLC raised its target price on Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a Thursday, Nov. 10, research report. Goldman Sachs Group lowered its target price on Payoneer Global to $9.00 in a Tuesday, November 15 research report. Finally, Citigroup raised its price target on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a Thursday, November 10 research report.
About Payoneer Global
Payoneer Global Inc operates a payment and commerce platform that facilitates online marketplaces, platforms and merchants worldwide. It offers a suite of services that includes cross-border payments, B2B accounts payable/receivable, multi-currency accounts, physical and virtual Mastercard, working capital, merchant, tax, compliance and risk, and more.
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