Robert Kl Clarkson Sells 112,589 Shares of Payoneer Global Inc. (NASDAQ:PAYO) Stock

Payoneer Global Inc. (NASDAQ:PAYOGet Rating) CRO Robert Kl Clarkson sold 112,589 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $5.35, for a total value of $602,351.15. Following the completion of the sale, the executive now directly owns 1,025,582 shares of the company’s stock, valued at $5,486,863.70. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Payoneer Global Stock Performance

PAYO stock opened at $5.58 on Friday. The firm has a market cap of $1.91 billion, a PE ratio of -8.97 and a beta of 1.30. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $4.77 and a 200-day moving average of $4.66. Payoneer Global Inc. has a 12-month low of $3.33 and a 12-month high of $10.84.

Payoneer Global (NASDAQ:PAYOGet Rating) last released its earnings results on Thursday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $136.96 million during the quarter, compared to analyst estimates of $121.19 million. Payoneer Global had a negative return on equity of 14.21% and a negative net margin of 2.01%. Payoneer Global’s quarterly revenue was up 36.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.31) earnings per share. As a group, sell-side analysts expect that Payoneer Global Inc. will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Payoneer Global

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in Payoneer Global in the fourth quarter valued at approximately $309,000. CIBC Asset Management Inc purchased a new stake in shares of Payoneer Global during the fourth quarter worth $97,000. State of New Jersey Common Pension Fund D bought a new position in shares of Payoneer Global in the fourth quarter worth $2,400,000. Bank of America Corp DE boosted its holdings in shares of Payoneer Global by 117,580.1% in the fourth quarter. Bank of America Corp DE now owns 1,119,138 shares of the company’s stock worth $8,225,000 after acquiring an additional 1,118,187 shares during the period. Finally, Pictet Asset Management SA bought a new position in shares of Payoneer Global in the fourth quarter worth $94,000. Hedge funds and other institutional investors own 66.30% of the company’s stock.

Analyst Upgrades and Downgrades

PAYO has been the subject of a number of recent research reports. Citigroup boosted their price objective on Payoneer Global from $6.50 to $7.50 in a report on Friday, May 13th. The Goldman Sachs Group raised Payoneer Global from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $5.50 to $6.50 in a report on Thursday, July 14th. Finally, Northland Securities decreased their price objective on Payoneer Global from $14.00 to $9.00 in a report on Friday, May 13th.

About Payoneer Global

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Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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