Traders Purchase Large Volume of Payoneer Global Call Options (NASDAQ:PAYO)

Payoneer Global Inc. (NASDAQ:PAYO - Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders acquired 7,312 call options on the company. This represents an increase of approximately 704% compared to the average daily volume of 910 call options.

Payoneer Global Stock Up 2.6 %

Shares of NASDAQ:PAYO traded up $0.18 during trading on Tuesday, hitting $7.10. The company's stock had a trading volume of 5,542,794 shares, compared to its average volume of 2,711,438. The business has a 50 day moving average price of $5.63 and a two-hundred day moving average price of $5.30. The company has a market capitalization of $2.65 billion, a PE ratio of 23.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.09 and a current ratio of 1.09. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $7.20.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The business had revenue of $239.50 million during the quarter, compared to the consensus estimate of $223.12 million. Payoneer Global had a net margin of 13.19% and a return on equity of 17.56%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. As a group, research analysts expect that Payoneer Global will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling at Payoneer Global

In other news, Director Scott H. Galit sold 14,073 shares of the firm's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $5.81, for a total transaction of $81,764.13. Following the sale, the director now directly owns 2,422,421 shares in the company, valued at approximately $14,074,266.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Scott H. Galit sold 446,104 shares of the firm's stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $5.50, for a total transaction of $2,453,572.00. Following the sale, the director now directly owns 2,122,421 shares in the company, valued at approximately $11,673,315.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott H. Galit sold 14,073 shares of the firm's stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $5.81, for a total value of $81,764.13. Following the sale, the director now owns 2,422,421 shares in the company, valued at $14,074,266.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,760,155 shares of company stock worth $9,573,509. Insiders own 5.57% of the company's stock.

Hedge Funds Weigh In On Payoneer Global

Several institutional investors have recently modified their holdings of the business. Federated Hermes Inc. acquired a new position in shares of Payoneer Global during the fourth quarter worth $29,000. SageView Advisory Group LLC acquired a new position in shares of Payoneer Global during the first quarter worth $39,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of 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. Blueshift Asset Management LLC acquired a new position in shares of Payoneer Global during the fourth quarter worth $56,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of Payoneer Global during the second quarter worth $56,000. Institutional investors and hedge funds own 82.22% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Citigroup lifted their price objective on Payoneer Global from $7.00 to $8.50 and gave the stock a "buy" rating in a report on Monday. Needham & Company LLC lifted their price objective on Payoneer Global from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Benchmark reiterated a "buy" rating and issued a $9.00 price objective on shares of Payoneer Global in a report on Thursday, August 8th. Keefe, Bruyette & Woods boosted their target price on Payoneer Global from $7.00 to $8.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their target price on Payoneer Global from $6.50 to $8.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $8.25.

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.