Payoneer Global (NASDAQ:PAYO) Posts Quarterly Earnings Results

Payoneer Global (NASDAQ:PAYO – Get Rating) posted its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11, MarketWatch Earnings reports. Payoneer Global had a negative return on equity of 17.36% and a negative net margin of 7.18%. The firm had revenue of $136.96 million for the quarter, compared to analyst estimates of $121.19 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. The business’s quarterly revenue was up 36.1% on a year-over-year basis. Payoneer Global updated its FY 2022 guidance to EPS.

NASDAQ:PAYO opened at $4.73 on Friday. The stock has a fifty day moving average price of $4.39 and a 200-day moving average price of $5.73. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Payoneer Global has a fifty-two week low of $3.33 and a fifty-two week high of $11.20.

Several research analysts have recently commented on the company. Needham & Company LLC reduced their target price on Payoneer Global from $13.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 4th. Zacks Investment Research upgraded Payoneer Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 5th. Citigroup lifted their target price on Payoneer Global from $6.50 to $7.50 in a research note on Friday. Finally, Northland Securities reduced their price target on Payoneer Global from $14.00 to $9.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $10.00.

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new position in shares of Payoneer Global during the 2nd quarter worth $41,000. XTX Topco Ltd acquired a new position in shares of Payoneer Global during the 1st quarter worth $54,000. Deutsche Bank AG acquired a new position in shares of Payoneer Global during the 4th quarter worth $87,000. Advisors Asset Management Inc. acquired a new position in shares of Payoneer Global during the 4th quarter worth $98,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Payoneer Global during the 4th quarter worth $101,000. Hedge funds and other institutional investors own 66.30% of the company’s stock.

Payoneer Global Company Profile (Get Rating)

Payoneer Global Inc operates a payment and commerce-enabling platform that facilitates marketplaces, platforms and online merchants worldwide. It delivers a suite of services that includes cross-border payments, B2B accounts payable/accounts receivable, multi-currency account, physical and virtual Mastercard cards, working capital, merchant, tax, compliance and risk, and others.

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