Payoneer Global (NASDAQ:PAYO – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07, Briefing.com reports. The business had revenue of $248.30 million for the quarter, compared to the consensus estimate of $225.44 million. Payoneer Global had a return on equity of 15.28% and a net margin of 11.25%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 EPS. Payoneer Global updated its FY 2024 guidance to EPS.
Payoneer Global Stock Up 14.1 %
PAYO traded up $1.20 on Tuesday, hitting $9.72. 3,770,909 shares of the company traded hands, compared to its average volume of 2,607,613. Payoneer Global has a 12-month low of $4.22 and a 12-month high of $9.99. The company has a 50 day moving average of $7.75 and a 200-day moving average of $6.45. The stock has a market capitalization of $3.71 billion, a PE ratio of 35.41 and a beta of 0.82.
Insider Buying and Selling at Payoneer Global
In other news, Director Scott H. Galit sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the completion of the sale, the director now owns 1,809,674 shares in the company, valued at $12,794,395.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Scott H. Galit sold 150,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $7.07, for a total transaction of $1,060,500.00. Following the transaction, the director now directly owns 1,809,674 shares in the company, valued at $12,794,395.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Itai Perry sold 3,900 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $8.00, for a total transaction of $31,200.00. Following the completion of the sale, the chief accounting officer now owns 228,738 shares of the company’s stock, valued at approximately $1,829,904. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,000 shares of company stock worth $1,124,500. 5.57% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on PAYO
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.
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