Payoneer Global (NASDAQ:PAYO) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Payoneer Global (NASDAQ:PAYO - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01), Zacks reports. The business had revenue of $261.74 million for the quarter, compared to the consensus estimate of $242.14 million. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. During the same period last year, the firm earned $0.05 earnings per share. Payoneer Global updated its FY 2025 guidance to EPS.

Payoneer Global Price Performance

Shares of Payoneer Global stock traded down $0.20 on Monday, hitting $8.35. The company had a trading volume of 6,138,159 shares, compared to its average volume of 3,188,029. The firm has a market capitalization of $2.98 billion, a P/E ratio of 23.86, a P/E/G ratio of 2.88 and a beta of 0.93. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $11.29. The stock has a 50-day moving average of $10.27 and a 200-day moving average of $9.27.

Insider Activity

In related news, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the completion of the transaction, the insider now owns 741,748 shares in the company, valued at approximately $7,469,402.36. This represents a 11.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total transaction of $884,000.00. Following the transaction, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at $23,974,548. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 445,223 shares of company stock worth $4,519,362 over the last quarter. 5.57% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Payoneer Global from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a research note on Monday, February 3rd. They set a "buy" rating and a $13.00 price target for the company. The Goldman Sachs Group boosted their price target on shares of Payoneer Global from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Northland Securities boosted their price target on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Finally, Citigroup upped their target price on shares of Payoneer Global from $8.50 to $13.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Payoneer Global has an average rating of "Moderate Buy" and a consensus target price of $12.57.

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.