Pagaya Technologies (NASDAQ:PGY) Trading Down 4.7%

Pagaya Technologies Ltd. (NASDAQ:PGY) shares were down 4.7% on Thursday . The stock traded as low as $9.82 and last traded at $9.85. Approximately 158,157 shares were traded during trading, a decline of 87% from the average daily volume of 1,228,603 shares. The stock had previously closed at $10.34.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PGY shares. JMP Securities decreased their price target on 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. Wedbush decreased their price target on 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, Canaccord Genuity Group reiterated a “buy” rating and set a $42.00 price target on shares of Pagaya Technologies in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.08.

Pagaya Technologies Trading Down 4.0 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.05. The company’s 50-day moving average is $12.96 and its two-hundred day moving average is $14.70.

Insider Buying and Selling

In related news, President Sanjiv Das acquired 22,727 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of $10.57 per share, for a total transaction of $240,224.39. Following the completion of the transaction, the president now owns 22,727 shares in the company, valued at $240,224.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Sanjiv Das bought 22,727 shares of the business’s stock in a transaction on Friday, April 5th. The stock was acquired at an average price of $10.57 per share, with a total value of $240,224.39. Following the completion of the purchase, the president now directly owns 22,727 shares in the company, valued at $240,224.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tami Rosen bought 10,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was purchased at an average cost of $10.47 per share, with a total value of $104,700.00. Following the purchase, the insider now owns 28,818 shares of the company’s stock, valued at $301,724.46. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 194,807 shares of company stock worth $2,012,373. Insiders own 19.70% of the company’s stock.

Institutional Trading of Pagaya Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC purchased a new stake in Pagaya Technologies in the first quarter worth approximately $275,000. Quadrature Capital Ltd boosted its stake in shares of Pagaya Technologies by 3,558.5% during the fourth 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 during the period. Vanguard Group Inc. purchased a new stake in shares of Pagaya Technologies during the fourth quarter valued at approximately $244,000. Goldman Sachs Group Inc. boosted its stake in shares of Pagaya Technologies by 26.7% during the fourth 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 during the period. Finally, Barclays PLC purchased a new stake in shares of Pagaya Technologies during the fourth quarter valued at approximately $122,000. Hedge funds and other 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.