Payoneer Global (PAYO) Projected to Post Earnings on Thursday

Payoneer Global (NASDAQ:PAYO) 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. Investors interested in listening to the company’s conference call can do so using this link.

Payoneer Global Stock Up 0.7 %

PAYO stock opened at $9.95 on Wednesday. The firm has a market capitalization of $3.55 billion, a PE ratio of 28.43, a PEG 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 simple moving average of $10.32 and a two-hundred day simple moving average of $9.22.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PAYO. Benchmark upped their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their price objective on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wolfe Research downgraded Payoneer Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Payoneer Global in a report on Monday, February 3rd. They set a “buy” rating and a $13.00 target price for the company. Finally, Citigroup upped their target price on Payoneer Global from $8.50 to $13.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Insider Transactions at Payoneer Global

In other news, CFO Beatrice Ordonez sold 85,000 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tsafi Goldman sold 96,350 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.07, for a total value of $970,244.50. Following the completion of the transaction, the insider now directly owns 741,748 shares of the company’s stock, valued at approximately $7,469,402.36. The trade was a 11.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 445,223 shares of company stock worth $4,519,362. 5.57% of the stock is currently owned by company insiders.

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.