Tsafi Goldman, Chief Legal & Regulatory Officer at Payoneer Global Inc. (NASDAQ:PAYO), recently executed significant transactions involving the company’s common stock. On January 2, 2025, Goldman sold 96,350 shares at a price of $10.07 per share, totaling $970,244. This sale was conducted under a Rule 10b5-1 trading plan adopted in September 2024.
In addition to the sale, Goldman exercised options to acquire shares. The transactions included acquiring 47,000 shares at $2.74 per share and 49,350 shares at $2.90 per share, resulting in a total value of $271,895. Following these transactions, Goldman holds 741,748 shares of Payoneer Global Inc. With analysts maintaining a bullish outlook and InvestingPro identifying strong cash flows that sufficiently cover interest payments, investors can access detailed analysis and 8 additional ProTips through the comprehensive Pro Research Report.
In other recent news, Payoneer has been the subject of positive analysis from Benchmark, which maintained a Buy rating on the company’s shares and increased the price target to $12 from the previous $10. This decision is based on the company’s recent performance and future potential. The new price target is calculated using a 13 times EV/EBITDA multiple of the projected FY26 adjusted EBITDA of $315.4 million, suggesting confidence in Payoneer’s growth prospects.
Moreover, Payoneer reported a significant 19% increase in total revenue for the third quarter of 2024, reaching $248 million. This coincides with a robust 25% growth in total volume and an adjusted EBITDA of $69 million, marking a 28% margin. The company’s B2B segment expanded by 57%, contributing nearly a quarter of the quarter’s revenue.
Recent developments also include Payoneer’s customer funds held rising by 13% to $6.1 billion, and interest income standing at $65 million. Consequently, the company has raised its revenue guidance for 2024 to between $950 million and $960 million. Furthermore, Payoneer is in the process of acquiring a licensed Chinese payment service provider, which is expected to conclude in the first half of 2025. This acquisition is part of the company’s strategic initiatives to drive continued growth.
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