Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of “Moderate Buy” by Brokerages

Pagaya Technologies Ltd. (NASDAQ:PGY) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.08.

Several research firms have recently issued reports on PGY. Canaccord Genuity Group restated a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a report on Thursday, February 22nd. Wedbush decreased their target price on shares of Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Finally, JMP Securities decreased their target price on shares of Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Monday, April 8th.

Pagaya Technologies Stock Performance

NASDAQ:PGY opened at $10.02 on Tuesday. The firm’s 50-day moving average is $13.08 and its 200-day moving average is $14.79. Pagaya Technologies has a 52-week low of $8.90 and a 52-week high of $33.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.05 and a current ratio of 4.05. The company has a market cap of $591.68 million, a price-to-earnings ratio of -4.64 and a beta of 6.67.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, CRO Yahav Yulzari bought 60,000 shares of Pagaya Technologies stock in a transaction dated Wednesday, April 3rd. The shares were acquired at an average cost of $10.17 per share, with a total value of $610,200.00. Following the acquisition, the executive now directly owns 299,699 shares of the company’s stock, valued at $3,047,938.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Pagaya Technologies news, CRO Yahav Yulzari bought 60,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was bought at an average cost of $10.17 per share, for a total transaction of $610,200.00. Following the completion of the purchase, the executive now owns 299,699 shares in the company, valued at approximately $3,047,938.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tami Rosen acquired 10,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were bought at an average cost of $10.47 per share, for a total transaction of $104,700.00. Following the acquisition, the insider now owns 28,818 shares in the company, valued at $301,724.46. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 194,807 shares of company stock valued at $2,012,373.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Walleye Capital LLC bought a new stake in shares of Pagaya Technologies during the third quarter worth $25,000. Wolverine Trading LLC raised its holdings in Pagaya Technologies by 279.8% during the 3rd quarter. Wolverine Trading LLC now owns 17,602 shares of the company’s stock worth $28,000 after purchasing an additional 27,393 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Pagaya Technologies during the 2nd quarter valued at about $29,000. HighTower Advisors LLC bought a new position in shares of Pagaya Technologies in the 3rd quarter valued at about $29,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $30,000. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.