FY2024 Earnings Estimate for Payoneer Global Inc. (NASDAQ:PAYO) Issued By Northland Capmk

Payoneer Global Inc. (NASDAQ:PAYOFree Report) – Research analysts at Northland Capmk boosted their FY2024 earnings estimates for shares of Payoneer Global in a note issued to investors on Wednesday, May 8th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings of $0.19 per share for the year, up from their previous estimate of $0.16. The consensus estimate for Payoneer Global’s current full-year earnings is $0.24 per share.

Several other analysts also recently weighed in on PAYO. Needham & Company LLC boosted their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Benchmark reaffirmed a “buy” rating and set a $9.00 price objective on shares of Payoneer Global in a report on Tuesday. Keefe, Bruyette & Woods cut their target price on Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Citigroup dropped their price target on Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Cantor Fitzgerald reduced their price objective on Payoneer Global from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $7.00.

Check Out Our Latest Research Report on Payoneer Global

Payoneer Global Price Performance

PAYO stock opened at $5.86 on Monday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 19.53 and a beta of 0.77. Payoneer Global has a fifty-two week low of $4.02 and a fifty-two week high of $6.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $4.91 and a 200 day moving average price of $5.06.

Payoneer Global (NASDAQ:PAYOGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $228.20 million during the quarter, compared to the consensus estimate of $211.63 million. Payoneer Global had a return on equity of 17.56% and a net margin of 13.19%. Payoneer Global’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS.

Insider Buying and Selling at Payoneer Global

In other news, Director Scott H. Galit sold 16,697 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.39, for a total value of $89,996.83. Following the completion of the sale, the director now owns 3,156,731 shares in the company, valued at approximately $17,014,780.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Scott H. Galit sold 16,697 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $5.39, for a total transaction of $89,996.83. Following the completion of the transaction, the director now directly owns 3,156,731 shares of the company’s stock, valued at approximately $17,014,780.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tsafi Goldman sold 61,464 shares of Payoneer Global stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $5.43, for a total value of $333,749.52. Following the completion of the sale, the insider now owns 870,832 shares in the company, valued at $4,728,617.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,238,398 shares of company stock valued at $5,909,386. 5.57% of the stock is owned by company insiders.

Hedge Funds Weigh In On Payoneer Global

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Payoneer Global by 14.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,024,190 shares of the company’s stock worth $12,388,000 after acquiring an additional 253,195 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Payoneer Global by 52.1% in the third quarter. New York State Teachers Retirement System now owns 167,081 shares of the company’s stock valued at $1,023,000 after purchasing an additional 57,200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Payoneer Global by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 539,323 shares of the company’s stock valued at $3,301,000 after purchasing an additional 15,241 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Payoneer Global by 19.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 76,288 shares of the company’s stock worth $467,000 after buying an additional 12,300 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Payoneer Global by 17.0% during the 3rd quarter. Yousif Capital Management LLC now owns 126,740 shares of the company’s stock worth $776,000 after buying an additional 18,443 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.

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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