Chief Legal & Regulatory Officer at Payoneer Global Inc. Executes Significant Transactions: Insider Selling and Options Exercise
Tsafi Goldman, Chief Legal & Regulatory Officer at Payoneer Global Inc. (NASDAQ:PAYO), has been making significant moves in the company’s stock transactions. On January 2, 2025, Goldman sold 96,350 shares at a price of $10.07 per share, totaling $970,244. This sale was part of a Rule 10b5-1 trading plan adopted in September 2024.
But that’s not all – Goldman also exercised options to acquire shares, purchasing 47,000 shares at $2.74 per share and 49,350 shares at $2.90 per share, with a total value of $271,895. After these transactions, Goldman now holds 741,748 shares of Payoneer Global Inc.
Analysts are optimistic about Payoneer’s future, with InvestingPro highlighting strong cash flows that cover interest payments. Investors can access detailed analysis and 8 additional ProTips through the comprehensive Pro Research Report.
In other positive news for Payoneer, Benchmark has maintained a Buy rating on the company’s shares and increased the price target to $12 from $10. This decision is based on the company’s recent performance and future potential, with the new price target calculated using a 13 times EV/EBITDA multiple of the projected FY26 adjusted EBITDA of $315.4 million.
Payoneer reported a 19% increase in total revenue for the third quarter of 2024, reaching $248 million. Total volume grew by 25% and adjusted EBITDA stood at $69 million, marking a 28% margin. The B2B segment expanded by 57%, contributing significantly to the quarter’s revenue.
Additionally, Payoneer’s customer funds held rose by 13% to $6.1 billion, with interest income at $65 million. The company has raised its revenue guidance for 2024 to between $950 million and $960 million. Payoneer is also in the process of acquiring a licensed Chinese payment service provider, expected to conclude in the first half of 2025, as part of its strategic growth initiatives.
