Payoneer Global (NASDAQ:PAYO) CFO Sells $175,250.00 in Stock

Payoneer Global Inc. (NASDAQ:PAYO) CFO Beatrice Ordonez sold 25,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.01, for a total transaction of $175,250.00. Following the completion of the sale, the chief financial officer owned 2,887,266 shares of the company’s stock, valued at approximately $20,239,734.66. The trade was a 0.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Payoneer Global Price Performance

Shares of NASDAQ PAYO traded down $0.02 during trading on Tuesday, hitting $7.01. The stock had a trading volume of 18,799,605 shares, compared to its average volume of 5,568,091. Payoneer Global Inc. has a 12 month low of $4.08 and a 12 month high of $7.66. The company has a market capitalization of $2.35 billion, a PE ratio of 35.05, a PEG ratio of 0.72 and a beta of 1.02. The firm has a fifty day moving average of $5.18 and a two-hundred day moving average of $5.33.

Payoneer Global (NASDAQ:PAYO) last posted its earnings results on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The firm had revenue of $261.60 million during the quarter, compared to analyst estimates of $255.12 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Payoneer Global Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PAYO. Bank of America began coverage on shares of Payoneer Global in a research report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price target for the company. Northland Securities set a $7.40 price target on shares of Payoneer Global in a research report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of Payoneer Global from $7.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Weiss Ratings upgraded shares of Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and set a $9.00 price target on shares of Payoneer Global in a research report on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.40.

Institutional Investors Weigh In On Payoneer Global

Several institutional investors have recently added to or reduced their stakes in PAYO. Royal Bank of Canada lifted its holdings in Payoneer Global by 299.7% during the first quarter. Royal Bank of Canada now owns 158,997 shares of the company’s stock valued at $1,162,000 after purchasing an additional 119,219 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Payoneer Global by 8.8% during the first quarter. AQR Capital Management LLC now owns 291,908 shares of the company’s stock valued at $2,134,000 after purchasing an additional 23,533 shares during the last quarter. Caxton Associates LLP purchased a new stake in Payoneer Global during the first quarter valued at about $172,000. United Services Automobile Association purchased a new stake in Payoneer Global during the first quarter valued at about $126,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Payoneer Global by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 757,827 shares of the company’s stock valued at $5,540,000 after purchasing an additional 41,970 shares during the last quarter. 82.22% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Payoneer Global

Here are the key news stories impacting Payoneer Global this week:

• Positive Sentiment: Nuvei confirmed it will acquire Payoneer for $7.40 per share in cash, giving PAYO shareholders a clear takeover premium and a likely near-term exit value. Nuvei to Acquire Payoneer for $2.75 Billion, Creating a Leading Global Platform for Local and Cross-Border Commerce
• Positive Sentiment: The deal could improve Payoneer’s strategic value by combining its cross-border payments network with Nuvei’s platform, potentially strengthening long-term scale and revenue prospects for the merged business. Nuvei Inks $2.75 Billion Payoneer Acquisition to Supercharge Cross-Border Commerce
• Neutral Sentiment: Payoneer’s stock was temporarily halted on news pending, underscoring that the market is still digesting the transaction details and timing. Payoneer to Be Acquired by Nuvei in Cash Deal
• Negative Sentiment: Several law firms and investor-rights groups launched investigations into whether the sale price is fair to public shareholders, which could add legal scrutiny and headline risk around the deal. PAYO Stock Alert: Halper Sadeh LLC is Investigating Whether Payoneer Global Inc. is Obtaining a Fair Price for its Shareholders
• Negative Sentiment: Northland Securities and William Blair both downgraded Payoneer to hold, suggesting analysts see limited upside beyond the takeover value and more uncertainty in the stock’s risk/reward. Payoneer Global was downgraded by Northland Securities from strong-buy to hold

Payoneer Global Company Profile

Payoneer Global (NASDAQ: PAYO) operates a digital payments platform that enables businesses, marketplaces and professionals to send and receive cross-border payments. The company’s core offerings include multi-currency receiving accounts, mass payout services and working capital solutions. Through its platform, Payoneer facilitates global transactions by connecting payors and payees across a network of local bank transfers, card payouts and digital wallets, supporting the seamless movement of funds in over 150 currencies.

Founded in 2005, Payoneer has grown from a small fintech venture into a widely adopted payments infrastructure provider that serves clients in more than 200 countries and territories.