Q2 2024 EPS Estimates for Payoneer Global Inc. Increased by William Blair (NASDAQ:PAYO)

Payoneer Global Inc. (NASDAQ:PAYO) – William Blair upped their Q2 2024 earnings estimates for Payoneer Global in a note issued to investors on Wednesday, May 8th. William Blair analyst C. Kennedy now anticipates that the company will post earnings of $0.08 per share for the quarter, up from their prior forecast of $0.06. The consensus estimate for Payoneer Global’s current full-year earnings is $0.20 per share. William Blair also issued estimates for Payoneer Global’s Q3 2024 earnings at $0.07 EPS, Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.28 EPS and FY2025 earnings at $0.39 EPS.

Other analysts have also recently issued research reports about the stock. Citigroup lowered their target price on shares of Payoneer Global from $7.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. The Goldman Sachs Group decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Needham & Company LLC upped their price objective on shares of Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Payoneer Global from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, Benchmark reaffirmed a “buy” rating and set a $7.00 price objective on shares of Payoneer Global in a research note on Tuesday, March 26th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Payoneer Global currently has a consensus rating of “Buy” and a consensus target price of $6.71.

Payoneer Global Stock Performance

NASDAQ PAYO opened at $5.87 on Friday. The stock has a market cap of $2.16 billion, a P/E ratio of 24.46 and a beta of 0.77. The company’s 50-day simple moving average is $4.84 and its 200 day simple moving average is $5.07. Payoneer Global has a twelve month low of $4.02 and a twelve month 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 0.03.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $228.20 million for the quarter, compared to analysts’ expectations of $211.63 million. Payoneer Global had a net margin of 11.23% and a return on equity of 14.80%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share.

Institutional Investors Weigh In On Payoneer Global

Several large investors have recently made changes to their positions in PAYO. Wellington Management Group LLP increased its position in shares of Payoneer Global by 68.4% during the fourth quarter. Wellington Management Group LLP now owns 7,784,978 shares of the company’s stock worth $40,014,000 after acquiring an additional 3,161,509 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Payoneer Global by 85.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,979,701 shares of the company’s stock worth $18,236,000 after acquiring an additional 1,370,007 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Payoneer Global by 4.4% during the third quarter. Vanguard Group Inc. now owns 27,791,663 shares of the company’s stock worth $170,085,000 after acquiring an additional 1,166,894 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Payoneer Global by 69,768.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 663,750 shares of the company’s stock worth $3,458,000 after acquiring an additional 662,800 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Payoneer Global during the fourth quarter worth $2,201,000. Institutional investors own 82.22% of the company’s stock.

Insider Buying and Selling at Payoneer Global

In other Payoneer Global news, insider Tsafi Goldman sold 61,464 shares of the company’s 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 of the company’s stock, valued at $4,728,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Scott H. Galit sold 340,120 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $4.51, for a total transaction of $1,533,941.20. Following the completion of the sale, the director now owns 3,127,981 shares of the company’s stock, valued at $14,107,194.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tsafi Goldman sold 61,464 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $5.43, for a total transaction of $333,749.52. Following the sale, the insider now directly owns 870,832 shares of the company’s stock, valued at approximately $4,728,617.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,228,282 shares of company stock valued at $5,849,600. Corporate 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.