Payoneer Global (PAYO) to Release Earnings on Tuesday

Payoneer Global (NASDAQ:PAYO - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Payoneer Global to post earnings of $0.04 per share for the quarter. Payoneer Global has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.03. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The company had revenue of $239.50 million during the quarter, compared to analyst estimates of $223.12 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. On average, analysts expect Payoneer Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Payoneer Global Stock Performance

NASDAQ:PAYO traded up $0.08 during trading hours on Tuesday, reaching $8.55. The stock had a trading volume of 1,468,450 shares, compared to its average volume of 2,588,028. The stock has a market capitalization of $3.19 billion, a PE ratio of 28.23 and a beta of 0.85. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $8.60. The company has a 50 day moving average price of $7.60 and a two-hundred day moving average price of $6.32.

Analyst Ratings Changes

A number of research firms recently issued reports on PAYO. Northland Securities upped their price target on shares of Payoneer Global from $9.00 to $10.00 and gave the company an "outperform" rating in a research note on Tuesday, September 10th. Citigroup increased their price target on shares of Payoneer Global from $7.00 to $8.50 and gave the company a "buy" rating in a report on Monday, August 12th. Cantor Fitzgerald raised Payoneer Global to a "strong-buy" rating in a research note on Monday, August 12th. Needham & Company LLC upped their price objective on Payoneer Global from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Finally, Benchmark lifted their target price on Payoneer Global from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Payoneer Global has a consensus rating of "Buy" and an average target price of $8.93.

Insiders Place Their Bets

In other news, CAO Itai Perry sold 3,900 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $8.00, for a total value of $31,200.00. Following the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at approximately $1,829,904. This 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 the SEC website. In other news, Director Scott H. Galit sold 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares of the company's stock, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Itai Perry sold 3,900 shares of Payoneer Global stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the sale, the chief accounting officer now directly owns 228,738 shares of the company's stock, valued at $1,829,904. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 158,000 shares of company stock valued at $1,124,500 over the last 90 days. Insiders own 5.57% of the company's stock.

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.