Beatrice Ordonez Sells 25,000 Shares of Payoneer Global (NASDAQ:PAYO) Stock

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

Payoneer Global Stock Performance

Shares of NASDAQ PAYO opened at $7.02 on Thursday. The stock has a market cap of $2.35 billion, a P/E ratio of 35.10, a P/E/G ratio of 0.75 and a beta of 1.02. The firm has a 50 day moving average price of $5.26 and a 200 day moving average price of $5.34. Payoneer Global Inc. has a 52-week low of $4.08 and a 52-week high of $7.66.

Payoneer Global (NASDAQ:PAYO) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $261.60 million during the quarter, compared to analysts’ expectations of $255.12 million. Payoneer Global had a net margin of 6.76% and a return on equity of 11.10%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. Analysts predict that Payoneer Global Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAYO. Bank of America began coverage on shares of Payoneer Global in a report on Wednesday, March 25th. They set a “buy” rating and a $6.00 price objective for the company. Needham & Company LLC cut shares of Payoneer Global from a “buy” rating to a “hold” rating in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $7.40 price objective on shares of Payoneer Global in a report on Tuesday. Keefe, Bruyette & Woods cut shares of Payoneer Global from a “moderate buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings upgraded shares of Payoneer Global from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in shares of Payoneer Global by 2.4% in the fourth quarter. Van ECK Associates Corp now owns 84,678 shares of the company’s stock valued at $476,000 after buying an additional 1,977 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of Payoneer Global by 9.5% in the third quarter. Susquehanna International Group LLP now owns 24,637 shares of the company’s stock valued at $149,000 after buying an additional 2,144 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Payoneer Global by 4.1% in the fourth quarter. ProShare Advisors LLC now owns 54,909 shares of the company’s stock valued at $309,000 after buying an additional 2,145 shares during the period. LPL Financial LLC boosted its holdings in shares of Payoneer Global by 5.8% in the fourth quarter. LPL Financial LLC now owns 42,211 shares of the company’s stock valued at $237,000 after buying an additional 2,304 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Payoneer Global by 8.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,677 shares of the company’s stock valued at $178,000 after buying an additional 2,368 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.

Trending Headlines about Payoneer Global

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

• Positive Sentiment: Nuvei agreed to buy Payoneer Global for $7.40 per share in cash, valuing the company at about $2.75 billion and giving shareholders a clear near-term exit value. Nuvei Agrees to Buy Payoneer in $2.75 Billion Payments Deal
• Positive Sentiment: Market coverage said Payoneer rallied on the deal news, reflecting investor optimism that the acquisition premium could lock in gains for holders if the transaction closes as planned. Payoneer Global (PAYO) Stock After 53% Monthly Jump Is The Market Too Optimistic
• Neutral Sentiment: Payoneer CFO Beatrice Ordonez sold 25,000 shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. Payoneer Global (NASDAQ:PAYO) CFO Beatrice Ordonez Sells 25,000 Shares
• Neutral Sentiment: Keefe, Bruyette & Woods downgraded Payoneer from moderate buy to hold, and Northland Securities also cut its rating to hold, suggesting the stock may be closer to fair value after the takeover announcement. Analyst downgrade coverage via Zacks
• Negative Sentiment: Law firms, including Wohl & Fruchter and Kahn Swick & Foti, said they are investigating whether the proposed sale is fair to shareholders, which could add legal uncertainty and delay-related noise around the deal. PAYO Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Payoneer Global to Nuvei

About Payoneer Global

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.