Payoneer Global Inc. (NASDAQ:PAYO – Get Free Report) CAO Itai Perry sold 4,100 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $8.00, for a total transaction of $32,800.00. Following the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Itai Perry also recently made the following trade(s):
- On Wednesday, October 9th, Itai Perry sold 3,900 shares of Payoneer Global stock. The stock was sold at an average price of $8.00, for a total transaction of $31,200.00.
Payoneer Global Stock Up 1.5 %
Shares of NASDAQ PAYO opened at $8.22 on Friday. The firm has a 50-day simple moving average of $7.40 and a 200-day simple moving average of $6.13. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 27.40 and a beta of 0.85. Payoneer Global Inc. has a 52 week low of $4.22 and a 52 week high of $8.25.
Hedge Funds Weigh In On Payoneer Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in Payoneer Global by 68.4% in the 4th quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock valued at $40,014,000 after purchasing an additional 3,161,509 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Payoneer Global by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 28,579,172 shares of the company’s stock worth $148,897,000 after purchasing an additional 787,509 shares during the period. Insight Wealth Strategies LLC increased its holdings in Payoneer Global by 176.4% in the 1st quarter. Insight Wealth Strategies LLC now owns 356,666 shares of the company’s stock valued at $1,733,000 after purchasing an additional 227,604 shares during the last quarter. Principal Financial Group Inc. raised its position in Payoneer Global by 4.2% in the first quarter. Principal Financial Group Inc. now owns 1,579,996 shares of the company’s stock valued at $7,679,000 after purchasing an additional 64,126 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in Payoneer Global by 27.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 9,541 shares of the company’s stock worth $46,000 after purchasing an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on PAYO. Needham & Company LLC lifted their price target on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Benchmark restated a “buy” rating and issued a $9.00 price objective on shares of Payoneer Global in a research report on Thursday, August 8th. Keefe, Bruyette & Woods increased their target price on Payoneer Global from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Citigroup boosted their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Northland Securities increased their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $8.79.
View Our Latest Stock Analysis on PAYO
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.
Further Reading
- Five stocks we like better than Payoneer Global
- Stock Analyst Ratings and Canadian Analyst Ratings
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- Airline Stocks – Top Airline Stocks to Buy Now
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- Using the MarketBeat Stock Split Calculator
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for Payoneer Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payoneer Global and related companies with MarketBeat.com's FREE daily email newsletter.