Pagaya Technologies (NASDAQ:PGY) Shares Up 3.1%

Pagaya Technologies Ltd. (NASDAQ:PGY) shares rose 3.1% during mid-day trading on Wednesday . The company traded as high as $10.23 and last traded at $10.17. Approximately 113,746 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,232,676 shares. The stock had previously closed at $9.86.

Analyst Ratings Changes

PGY has been the subject of a number of recent research reports. Wedbush cut their target price on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, March 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Pagaya Technologies in a research note on Thursday, February 22nd. Finally, JMP Securities lowered their price target on Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.08.

Pagaya Technologies Trading Up 4.6 %

The firm has a market capitalization of $608.81 million, a PE ratio of -4.56 and a beta of 6.66. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $13.01 and a two-hundred day moving average price of $14.73.

Insider Transactions at Pagaya Technologies

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

Institutional Investors Weigh In On Pagaya Technologies

A number of hedge funds have recently bought and sold shares of the stock. Counterpoint Mutual Funds LLC acquired a new stake in Pagaya Technologies in the 1st quarter valued at about $275,000. Quadrature Capital Ltd raised its position in Pagaya Technologies by 3,558.5% in the 4th quarter. Quadrature Capital Ltd now owns 784,860 shares of the company’s stock valued at $1,079,000 after purchasing an additional 763,407 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Pagaya Technologies in the 4th quarter valued at about $244,000. Goldman Sachs Group Inc. raised its position in Pagaya Technologies by 26.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 214,627 shares of the company’s stock valued at $296,000 after purchasing an additional 45,269 shares in the last quarter. Finally, Barclays PLC acquired a new stake in Pagaya Technologies in the 4th quarter valued at about $122,000. Institutional investors and hedge funds 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.