Payoneer Global Inc. (NASDAQ:PAYO - Free Report) - Equities research analysts at Northland Capmk raised their FY2024 EPS estimates for Payoneer Global in a research note issued on Tuesday, November 5th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.33 per share for the year, up from their previous forecast of $0.25. The consensus estimate for Payoneer Global's current full-year earnings is $0.25 per share. Northland Capmk also issued estimates for Payoneer Global's Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS and FY2025 earnings at $0.27 EPS.
Other analysts also recently issued research reports about the company. Keefe, Bruyette & Woods lifted their target price on Payoneer Global from $9.00 to $12.00 and gave the company an "outperform" rating in a research note on Wednesday. Northland Securities lifted their price objective on shares of Payoneer Global from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Tuesday, September 10th. Benchmark upped their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday. Citigroup lifted 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. Finally, Cantor Fitzgerald raised shares of Payoneer Global to a "strong-buy" rating in a report on Monday, August 12th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $10.79.
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Payoneer Global Stock Performance
Shares of Payoneer Global stock traded up $0.13 during trading hours on Friday, hitting $10.81. The company's stock had a trading volume of 5,620,137 shares, compared to its average volume of 2,704,270. The company has a market cap of $4.13 billion, a PE ratio of 30.51 and a beta of 0.82. The business has a 50 day moving average price of $7.95 and a two-hundred day moving average price of $6.55. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $10.90.
Payoneer Global (NASDAQ:PAYO - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. Payoneer Global had a net margin of 11.25% and a return on equity of 15.28%. The company had revenue of $248.30 million for the quarter, compared to analysts' expectations of $225.44 million. During the same quarter in the previous year, the company earned $0.05 EPS. Payoneer Global's revenue for the quarter was up 19.4% on a year-over-year basis.
Institutional Investors Weigh In On Payoneer Global
Several hedge funds have recently made changes to their positions in the company. Blue Trust Inc. boosted its position in Payoneer Global by 135.2% during the 3rd quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock valued at $33,000 after acquiring an additional 2,552 shares in the last quarter. Quarry LP purchased a new position in Payoneer Global in the second quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in Payoneer Global by 438.5% in the third quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock worth $44,000 after purchasing an additional 4,736 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Payoneer Global during the first quarter valued at about $39,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Payoneer Global in the 3rd quarter valued at about $68,000. 82.22% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Scott H. Galit sold 150,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total value of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Scott H. Galit sold 150,000 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 1,809,674 shares of the company's stock, valued at approximately $12,794,395.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Itai Perry sold 4,100 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total transaction of $32,800.00. Following the completion of the sale, the chief accounting officer now directly owns 228,738 shares of the company's stock, valued at approximately $1,829,904. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 158,000 shares of company stock valued at $1,124,500 over the last three months. 5.57% of the stock is owned by company insiders.
About Payoneer Global
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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.
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