Payoneer Global (PAYO) to Release Earnings on Thursday

Payoneer Global (NASDAQ:PAYO) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $242.14 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Payoneer Global Stock Up 0.3 %

Shares of NASDAQ PAYO opened at $9.88 on Tuesday. The firm has a 50-day moving average price of $10.33 and a 200 day moving average price of $9.20. Payoneer Global has a 52 week low of $4.22 and a 52 week high of $11.29. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.88 and a beta of 0.93.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Payoneer Global from $10.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Northland Securities lifted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Benchmark increased their price target on shares of Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Payoneer Global has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Insider Buying and Selling

In related news, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was 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 directly owns 741,748 shares in the company, valued at $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Beatrice Ordonez sold 85,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $10.40, for a total value of $884,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 445,223 shares of company stock valued at $4,519,362 over the last 90 days. Company insiders own 5.57% of the company’s stock.

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.