FY2023 Earnings Estimate for Payoneer Global Inc. Issued By Cantor Fitzgerald (NASDAQ:PAYO)

Payoneer Global Inc. (NASDAQ:PAYO) – Cantor Fitzgerald upped their FY2023 earnings per share estimates for shares of Payoneer Global in a report released on Thursday, November 9th. Cantor Fitzgerald analyst J. Siegler now expects that the company will post earnings per share of $0.25 for the year, up from their previous estimate of $0.21. Cantor Fitzgerald has a “Overweight” rating and a $8.00 price target on the stock. The consensus estimate for Payoneer Global’s current full-year earnings is $0.23 per share.

Several other equities research analysts also recently commented on the company. Needham & Company LLC reduced their price objective on Payoneer Global from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday. TheStreet raised Payoneer Global from a “d” rating to a “c” rating in a research report on Wednesday, November 1st. Citigroup raised their target price on Payoneer Global from $9.00 to $10.00 in a research report on Wednesday, August 9th. Finally, The Goldman Sachs Group raised their target price on Payoneer Global from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, September 22nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Payoneer Global currently has an average rating of “Buy” and a consensus target price of $7.86.

Payoneer Global Price Performance

NASDAQ PAYO opened at $5.44 on Monday. Payoneer Global has a one year low of $4.02 and a one year high of $7.05. The stock has a 50-day moving average of $5.94 and a 200 day moving average of $5.37. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 38.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.10 and a current ratio of 1.10.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its position in shares of Payoneer Global by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 92,563 shares of the company’s stock valued at $566,000 after buying an additional 2,007 shares in the last quarter. FMR LLC raised its stake in Payoneer Global by 0.4% during the 2nd quarter. FMR LLC now owns 533,502 shares of the company’s stock valued at $2,091,000 after purchasing an additional 2,039 shares during the period. Arizona State Retirement System raised its stake in Payoneer Global by 3.8% during the 1st quarter. Arizona State Retirement System now owns 60,882 shares of the company’s stock valued at $382,000 after purchasing an additional 2,228 shares during the period. Metropolitan Life Insurance Co NY raised its stake in Payoneer Global by 20.2% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 14,610 shares of the company’s stock valued at $70,000 after purchasing an additional 2,453 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Payoneer Global by 91.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,919 shares of the company’s stock valued at $28,000 after purchasing an additional 2,831 shares during the period. 82.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Payoneer Global news, Director Scott H. Galit sold 12,222 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $5.58, for a total value of $68,198.76. Following the transaction, the director now directly owns 1,245,969 shares of the company’s stock, valued at $6,952,507.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Scott H. Galit sold 12,222 shares of Payoneer Global stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $5.58, for a total transaction of $68,198.76. Following the transaction, the director now directly owns 1,245,969 shares of the company’s stock, valued at approximately $6,952,507.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Scott H. Galit sold 16,564 shares of Payoneer Global stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $5.90, for a total value of $97,727.60. Following the transaction, the director now directly owns 1,299,688 shares in the company, valued at $7,668,159.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 228,234 shares of company stock valued at $1,401,728. Insiders own 5.57% of the company’s stock.

Payoneer Global Company Profile

Payoneer Global Inc operates a payment and commerce-enabling platform 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.