4,236,470 Shares in Payoneer Global Inc. (NASDAQ:PAYO) Bought by Azora Capital LP

Azora Capital LP acquired a new stake in Payoneer Global Inc. (NASDAQ:PAYO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,236,470 shares of the company's stock, valued at approximately $31,901,000. Payoneer Global makes up about 1.7% of Azora Capital LP's holdings, making the stock its 21st biggest position. Azora Capital LP owned 1.11% of Payoneer Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Payoneer Global by 135.2% in the third quarter. Blue Trust Inc. now owns 4,440 shares of the company's stock valued at $33,000 after buying an additional 2,552 shares in the last quarter. Quarry LP acquired a new position in Payoneer Global during the 2nd quarter worth $29,000. GAMMA Investing LLC grew its stake in Payoneer Global by 438.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,816 shares of the company's stock worth $44,000 after purchasing an additional 4,736 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in Payoneer Global during the 3rd quarter worth $68,000. Finally, Sage Rhino Capital LLC acquired a new position in Payoneer Global during the 2nd quarter worth $56,000. 82.22% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Payoneer Global news, CAO Itai Perry sold 52,829 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.64, for a total transaction of $562,100.56. Following the transaction, the chief accounting officer now owns 201,882 shares in the company, valued at approximately $2,148,024.48. The trade was a 20.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Crossover Managemen Technology sold 7,500,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $10.32, for a total value of $77,400,000.00. Following the completion of the sale, the insider now owns 34,197,116 shares in the company, valued at approximately $352,914,237.12. This represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,562,402 shares of company stock worth $78,043,152. Company insiders own 5.57% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Cantor Fitzgerald raised Payoneer Global to a "strong-buy" rating in a research note on Monday, August 12th. Benchmark boosted their target price on Payoneer Global from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Citigroup lifted their price target on Payoneer Global from $7.00 to $8.50 and gave the stock a "buy" rating in a report on Monday, August 12th. Keefe, Bruyette & Woods lifted their price target on Payoneer Global from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC lifted their price target on Payoneer Global from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $10.79.

Payoneer Global Stock Down 2.6 %

PAYO traded down $0.28 on Monday, hitting $10.63. 3,298,500 shares of the company traded hands, compared to its average volume of 2,754,403. The company has a 50 day moving average of $9.04 and a 200-day moving average of $7.17. The stock has a market capitalization of $3.79 billion, a PE ratio of 30.31 and a beta of 0.82. Payoneer Global Inc. has a 12-month low of $4.22 and a 12-month high of $11.29.

Payoneer Global (NASDAQ:PAYO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Payoneer Global had a return on equity of 17.78% and a net margin of 13.82%. The firm had revenue of $248.30 million during the quarter, compared to the consensus estimate of $225.44 million. During the same period in the prior year, the business earned $0.05 EPS. The firm's revenue was up 19.4% compared to the same quarter last year. On average, research analysts anticipate that Payoneer Global Inc. will post 0.32 EPS for the current year.

Payoneer Global Company Profile

Payoneer Global Inc operates as a financial technology company. It operates a payment infrastructure platform that provides customers with a one-stop, global, multi-currency account to serve their accounts receivable and accounts payable needs. The company delivers a suite of services that includes cross-border payments, physical and virtual MasterCard cards, working capital, risk management, and other services.