Payoneer Global FY2024 EPS Forecast Boosted by William Blair

Payoneer Global Inc. (NASDAQ:PAYO - Free Report) - Investment analysts at William Blair raised their FY2024 earnings estimates for shares of Payoneer Global in a report released on Tuesday, November 5th. William Blair analyst C. Kennedy now anticipates that the company will earn $0.39 per share for the year, up from their prior forecast of $0.25. The consensus estimate for Payoneer Global's current full-year earnings is $0.25 per share. William Blair also issued estimates for Payoneer Global's Q4 2024 earnings at $0.12 EPS and FY2025 earnings at $0.66 EPS.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The company had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The firm's revenue for the quarter was up 19.4% on a year-over-year basis.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods raised 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 boosted their target price on shares of Payoneer Global from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Tuesday, September 10th. Needham & Company LLC increased their price target on shares of Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a research note on Wednesday. Citigroup boosted their price objective on shares of Payoneer Global from $7.00 to $8.50 and gave the stock a "buy" rating in a research note on Monday, August 12th. Finally, Benchmark raised their target price on shares of Payoneer Global from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Payoneer Global has an average rating of "Buy" and a consensus price target of $10.79.

Payoneer Global Price Performance

PAYO traded up $0.13 on Friday, hitting $10.81. The company had a trading volume of 5,620,137 shares, compared to its average volume of 2,704,270. Payoneer Global has a 52-week low of $4.22 and a 52-week high of $10.90. The stock has a fifty day simple moving average of $7.95 and a 200-day simple moving average of $6.55. The firm has a market capitalization of $4.13 billion, a P/E ratio of 30.51 and a beta of 0.82.

Insider Buying and Selling at Payoneer Global

In other news, Director Scott H. Galit sold 150,000 shares of the company'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 value of $1,060,500.00. Following the transaction, the director now owns 1,809,674 shares in the company, valued at approximately $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Scott H. Galit sold 150,000 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was 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 $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Itai Perry sold 4,100 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $8.00, for a total value of $32,800.00. Following the sale, the chief accounting officer now directly owns 228,738 shares in the company, valued at $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. In the last ninety days, insiders sold 158,000 shares of company stock worth $1,124,500. 5.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in Payoneer Global during the third quarter valued at $415,000. Royce & Associates LP grew its stake in shares of Payoneer Global by 49.3% during the 3rd quarter. Royce & Associates LP now owns 234,010 shares of the company's stock valued at $1,762,000 after purchasing an additional 77,232 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Payoneer Global during the 3rd quarter valued at about $210,000. Advisor Resource Council purchased a new stake in shares of Payoneer Global during the 3rd quarter valued at about $105,000. Finally, Van ECK Associates Corp lifted its stake in shares of Payoneer Global by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 84,209 shares of the company's stock worth $634,000 after purchasing an additional 1,306 shares during the period. 82.22% of the stock is owned by hedge funds and other institutional investors.

About Payoneer Global

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.