Payoneer Global Inc. (NASDAQ:PAYO – Get Rating) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 7,980,000 shares, a decrease of 21.2% from the October 31st total of 10,130,000 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average daily volume of 4,840,000 shares, the short-interest ratio is currently 1.6 days.
Insider Activity
In other Payoneer Global news, COO Arnon Kraft sold 73,000 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $6.22, for a total transaction of $454,060.00. Following the completion of the transaction, the chief operating officer now owns 539,782 shares of the company’s stock, valued at $3,357,444.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Itai Perry sold 4,850 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $7.00, for a total transaction of $33,950.00. Following the transaction, the senior vice president now owns 87,242 shares of the company’s stock, valued at approximately $610,694. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Arnon Kraft sold 73,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $6.22, for a total value of $454,060.00. Following the transaction, the chief operating officer now owns 539,782 shares of the company’s stock, valued at $3,357,444.04. The disclosure for this sale can be found here. Insiders have sold a total of 167,775 shares of company stock valued at $1,070,951 in the last quarter. Insiders own 6.48% of the company’s stock.
Institutional Investors Weigh In On Payoneer Global
Hedge funds and other institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. purchased a new stake in Payoneer Global in the second quarter valued at $104,000. Sage Mountain Advisors LLC purchased a new stake in shares of Payoneer Global in the 1st quarter valued at about $1,453,000. Mackenzie Financial Corp purchased a new stake in shares of Payoneer Global in the 2nd quarter valued at about $58,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Payoneer Global in the 1st quarter valued at about $2,686,000. Finally, Versor Investments LP purchased a new position in Payoneer Global during the 2nd quarter worth approximately $181,000. Institutional investors and hedge funds own 72.41% of the company’s stock.
Wall Street Analyst Weigh In
PAYO has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Payoneer Global from $8.00 to $9.00 in a research note on Monday, October 10th. The Goldman Sachs Group dropped their price target on shares of Payoneer Global to $9.00 in a research note on Tuesday, November 15th. Needham & Company LLC increased their price objective on Payoneer Global from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, November 10th. Finally, Citigroup boosted their target price on Payoneer Global from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th.
Payoneer Global Stock Up 0.2 %
NASDAQ PAYO traded up $0.01 on Friday, hitting $5.41. 72,761 shares of the stock were exchanged, compared to its average volume of 3,702,062. Payoneer Global has a fifty-two week low of $3.33 and a fifty-two week high of $8.04. The company has a 50-day moving average price of $6.59 and a 200-day moving average price of $5.78. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03.
Payoneer Global (NASDAQ:PAYO – Get Rating) last issued its earnings results on Wednesday, November 9th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Payoneer Global had a negative return on equity of 11.25% and a negative net margin of 3.55%. The firm had revenue of $158.92 million for the quarter, compared to analyst estimates of $143.40 million. As a group, equities analysts predict that Payoneer Global will post -0.15 EPS for the current year.
Payoneer Global Company Profile
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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Read More: Short Interest in Payoneer Global Inc. (NASDAQ:PAYO) Declines By 21.2%