Payoneer director Morgan sells $109,574 in stock

Published 04/06/2025, 15:36
Payoneer director Morgan sells $109,574 in stock

Susanna Morgan, a director at Payoneer Global Inc. (NASDAQ:PAYO), recently sold a significant portion of her shares in the company. According to a filing with the Securities and Exchange Commission, Morgan sold 16,180 shares of Payoneer’s common stock on June 2, 2025. The transaction comes as the stock has experienced a significant 38% decline over the past six months, according to InvestingPro data. The shares were sold at a weighted average price of $6.7722, with the sale ranging between $6.67 and $6.83 per share. This transaction, conducted under a pre-established Rule 10b5-1 trading plan, amounted to a total value of $109,574. Despite recent price weakness, the company maintains strong fundamentals with an 84% gross profit margin and remains profitable with a market capitalization of $2.4 billion.

Following this transaction, Morgan retains ownership of 80,902 shares in the company. This sale is part of a trading plan that was adopted on November 13, 2024, allowing for the systematic sale of shares over time. According to InvestingPro analysis, Payoneer appears undervalued at current levels, with analysts maintaining a bullish consensus and several additional insights available in the comprehensive Pro Research Report.

In other recent news, Payoneer Global Inc. reported its first-quarter 2025 earnings, revealing a miss on earnings per share (EPS) expectations with an EPS of $0.05, falling short of the forecasted $0.09. However, the company’s revenue slightly exceeded projections, coming in at $246.6 million against an expected $244.73 million, marking an 8% year-over-year increase. Despite the revenue growth, Payoneer decided to suspend its full-year 2025 guidance due to potential tariff impacts, which could pose a $50 million revenue headwind. The company noted that tariffs could negatively impact annualized revenue by approximately 10 percentage points if current scenarios persist.

Keefe, Bruyette & Woods adjusted their outlook on Payoneer, reducing the price target from $8.00 to $7.00 while maintaining a Market Perform rating on the company’s shares. This revision reflects concerns over softer revenue growth amid ongoing tariff disputes. Despite these challenges, Payoneer’s management emphasized its strong position and the company’s strategic investments in expanding its regulatory infrastructure and product offerings. The B2B segment showed significant growth, with revenue climbing 37%, demonstrating Payoneer’s focus on supporting its customers through trade disruptions and expanding its global footprint.

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