Payoneer Global (PAYO) to Release Quarterly Earnings on Thursday

Payoneer Global (NASDAQ:PAYO - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Payoneer Global to post earnings of $0.06 per share and revenue of $242.14 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Payoneer Global Stock Performance

Shares of NASDAQ:PAYO traded down $0.58 on Friday, hitting $9.85. The stock had a trading volume of 2,308,399 shares, compared to its average volume of 2,074,097. The firm's 50 day moving average price is $10.34 and its 200-day moving average price is $9.13. Payoneer Global has a twelve month low of $4.22 and a twelve month high of $11.29. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 96,350 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the sale, the insider now owns 741,748 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $10.40, for a total transaction of $884,000.00. Following the completion of the sale, the chief financial officer now owns 2,305,245 shares of the company's stock, valued at approximately $23,974,548. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 446,796 shares of company stock valued at $4,536,413. 5.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $12.00 to $11.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Payoneer Global in a research report on Monday, February 3rd. They set a "buy" rating and a $13.00 price target on the stock. Needham & Company LLC lifted their price objective on Payoneer Global from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Citigroup increased their target price on Payoneer Global from $8.50 to $13.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, Wolfe Research cut Payoneer Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

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.