Payoneer downgraded to Hold after Q2 earnings miss despite revenue growth.

Deutsche Bank downgraded Payoneer Global from Buy to Hold following its Q2 earnings report. The company missed earnings estimates with $0.02 per share versus the expected $0.05, a 60% negative surprise. However, Payoneer’s revenue grew 2.51% to $274.26 million, driven by a 48% year-over-year increase in its B2B segment and a 15% rise in transaction volume. The downgrade suggests investors should maintain their current holdings amid mixed financial results and an ongoing acquisition by Nuvei.