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Payoneer Global Misses Earnings Estimates, Analysts Downgrade to Hold
Payoneer Global reported earnings of $0.01 per share for the quarter, missing the consensus estimate of $0.06. Revenue reached $274.26 million, slightly above the $270.98 million forecast, and was up 5.2 % year‑over‑year. The company posted a net margin of 4.65 % and a return on equity of 9.97 %.
Shares fell marginally, trading at $7.10 after the release. Multiple brokerages downgraded the stock to a "hold" rating, including Needham & Company, Citigroup, William Blair, Deutsche Bank and Keefe, Bruyette & Woods. The consensus rating from nine analysts is now "hold" with an average 12‑month price target of $7.40.
Chief financial officer Beatrice Ordonez sold 25,000 shares at an average price of $7.01, reducing her stake by about 0.86 % to roughly 2.89 million shares valued at $20.24 million.
Entities
Beatrice Ordonez · Citigroup · Deutsche Bank · Payoneer Global Inc. · William Blair