Payoneer Global (NASDAQ:PAYO) Announces Quarterly Earnings Results

Payoneer Global (NASDAQ:PAYO) announced its 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. Payoneer Global had a net margin of 13.82% and a return on equity of 17.78%. During the same quarter in the prior year, the company posted $0.05 EPS. Payoneer Global updated its FY 2025 guidance to EPS.

Payoneer Global Trading Down 14.7 %

Payoneer Global stock traded down $1.50 during midday trading on Thursday, hitting $8.68. 11,156,533 shares of the stock were exchanged, compared to its average volume of 3,048,288. Payoneer Global has a fifty-two week low of $4.22 and a fifty-two week high of $11.29. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.88 and a beta of 0.93. The stock’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $9.23.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PAYO shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 target price on the stock. Needham & Company LLC lifted their target price 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. 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 report on Monday, January 6th. Wolfe Research downgraded shares of Payoneer Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 8th. Finally, Northland Securities boosted their target price on shares of Payoneer Global from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Insider Buying and Selling

In other Payoneer Global news, insider Tsafi Goldman sold 263,873 shares of Payoneer Global stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $10.10, for a total transaction of $2,665,117.30. Following the completion of the sale, the insider now directly owns 741,748 shares in the company, valued at $7,491,654.80. This trade represents a 26.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Beatrice Ordonez sold 85,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 2,305,245 shares of the company’s stock, valued at approximately $23,974,548. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 445,223 shares of company stock worth $4,519,362. 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.