Payoneer Global (PAYO) Projected to Post Earnings on Wednesday

Payoneer Global (NASDAQ:PAYO) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $242.14 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Payoneer Global Stock Up 1.4 %

NASDAQ:PAYO opened at $10.71 on Wednesday. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $11.29. The stock’s fifty day simple moving average is $10.34 and its 200-day simple moving average is $9.08. The firm has a market capitalization of $3.82 billion, a P/E ratio of 30.60, a P/E/G ratio of 2.98 and a beta of 0.93.

Insider Activity

In related news, CFO Beatrice Ordonez sold 85,000 shares of Payoneer Global stock in a transaction that occurred 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 transaction, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tsafi Goldman sold 96,350 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.07, for a total transaction of $970,244.50. Following the sale, the insider now directly owns 741,748 shares of the company’s stock, valued at $7,469,402.36. This represents a 11.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 446,796 shares of company stock worth $4,536,413. 5.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Benchmark lifted their price objective 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. The Goldman Sachs Group lifted their target price on Payoneer Global from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their price target on Payoneer Global from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Monday, January 6th. Needham & Company LLC boosted their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Payoneer Global in a report on Monday, February 3rd. They issued a “buy” rating and a $13.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.00.

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.