Payoneer Global Inc. (NASDAQ:PAYO – Free Report) – Equities researchers at Northland Capmk boosted their Q1 2024 earnings estimates for Payoneer Global in a report released on Friday, September 22nd. Northland Capmk analyst M. Grondahl now expects that the company will earn $0.04 per share for the quarter, up from their prior forecast of $0.03. The consensus estimate for Payoneer Global’s current full-year earnings is $0.22 per share. Northland Capmk also issued estimates for Payoneer Global’s Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.07 EPS and FY2024 earnings at $0.24 EPS.
Other equities research analysts have also issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Payoneer Global in a report on Friday. Berenberg Bank assumed coverage on shares of Payoneer Global in a report on Monday, July 10th. They issued a “buy” rating and a $7.00 price objective for the company. Citigroup upped their price objective on shares of Payoneer Global from $9.00 to $10.00 in a report on Wednesday, August 9th. The Goldman Sachs Group upped their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $8.00 price objective on shares of Payoneer Global in a report on Friday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.25.
Payoneer Global Price Performance
Payoneer Global stock opened at $6.04 on Monday. Payoneer Global has a 52-week low of $4.02 and a 52-week high of $8.04. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 201.33 and a beta of 0.98. The company has a fifty day simple moving average of $5.75 and a 200-day simple moving average of $5.39. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.02.
Payoneer Global (NASDAQ:PAYO – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Payoneer Global had a net margin of 2.28% and a return on equity of 4.36%. The business had revenue of $206.70 million during the quarter, compared to analyst estimates of $197.24 million. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year.
Institutional Trading of Payoneer Global
Several hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Payoneer Global by 0.4% during the second quarter. FMR LLC now owns 533,502 shares of the company’s stock worth $2,091,000 after purchasing an additional 2,039 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Payoneer Global by 3.8% during the first quarter. Arizona State Retirement System now owns 60,882 shares of the company’s stock worth $382,000 after purchasing an additional 2,228 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in shares of Payoneer Global by 20.2% during the second quarter. Metropolitan Life Insurance Co NY now owns 14,610 shares of the company’s stock worth $70,000 after purchasing an additional 2,453 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Payoneer Global by 91.7% during the second quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock worth $28,000 after purchasing an additional 2,831 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Payoneer Global by 23.7% during the second quarter. Xponance Inc. now owns 15,615 shares of the company’s stock worth $75,000 after purchasing an additional 2,989 shares in the last quarter. Institutional investors and hedge funds own 82.92% of the company’s stock.
Insiders Place Their Bets
In other Payoneer Global news, Director Scott H. Galit sold 12,222 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $5.84, for a total transaction of $71,376.48. Following the completion of the transaction, the director now owns 1,333,528 shares of the company’s stock, valued at $7,787,803.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Payoneer Global news, Director Scott H. Galit sold 12,222 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $5.84, for a total transaction of $71,376.48. Following the completion of the transaction, the director now owns 1,333,528 shares of the company’s stock, valued at $7,787,803.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Scott H. Galit sold 14,073 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $6.17, for a total transaction of $86,830.41. Following the transaction, the director now directly owns 1,270,938 shares of the company’s stock, valued at approximately $7,841,687.46. The disclosure for this sale can be found here. Insiders sold a total of 228,234 shares of company stock valued at $1,404,906 over the last 90 days. 5.57% of the stock is owned by company insiders.
Payoneer Global Company Profile
Payoneer Global Inc operates a payment and commerce-enabling platform 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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