Payoneer global’s chief accounting officer sells $380,545 in stock

In a recent filing with the Securities and Exchange Commission, Payoneer Global Inc. (NASDAQ:PAYO) disclosed that Chief Accounting Officer Perry Itai executed a significant stock sale. On March 4, Itai sold 46,923 shares of Payoneer common stock at an average price of $8.11 per share, amounting to a total transaction value of approximately $380,545. The stock, currently trading at $7.82, has shown remarkable strength with an 85% return over the past year, despite recent market pressure. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.

The filing also reported that Itai exercised stock options to acquire 1,763 shares at a nominal price of $0.01 per share. Following these transactions, Itai now holds 198,784 shares of Payoneer common stock.

These transactions were conducted under a Rule 10b5-1 trading plan, which Itai adopted in November 2024. The sale price for the shares sold ranged from $7.93 to $8.32.

In other recent news, Payoneer Global Inc. reported fourth-quarter earnings that surpassed expectations in some areas but fell short in others. The company achieved an EPS of $0.05, which was slightly below the analyst estimate of $0.06, and reported revenue of $224.3 million, missing the consensus estimate of $242.24 million. Despite this, Payoneer demonstrated an 18% annual revenue growth, and its full-year net income increased by 30% to $121.2 million. Notably, Goldman Sachs and Benchmark both maintained a Buy rating on Payoneer, with a price target of $12, while Northland Securities set a higher target at $14, citing strong fourth-quarter performance with revenue and EBITDA exceeding their estimates.

Keefe, Bruyette & Woods, however, adjusted their price target for Payoneer to $10, reflecting a weaker sentiment across fintech companies despite raising EPS forecasts for 2025 and 2026. Analysts noted a deceleration in volume growth within Payoneer’s B2B and marketplace segments, which could limit future growth surprises. The company also announced strategic initiatives, such as the acquisition of Skuad and plans for a China-based payment service provider acquisition. These developments indicate Payoneer’s ongoing efforts to expand its market presence and improve profitability, although the immediate market reaction to the Q4 revenue miss has been cautious.

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