Pagaya Technologies (NASDAQ:PGY) Insider Tami Rosen Sells 7,561 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 7,561 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $30.73, for a total value of $232,349.53. Following the completion of the sale, the insider owned 37,544 shares of the company’s stock, valued at $1,153,727.12. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tami Rosen also recently made the following trade(s):

• On Wednesday, October 1st, Tami Rosen sold 15,026 shares of Pagaya Technologies stock. The stock was sold at an average price of $30.73, for a total transaction of $461,748.98.

Pagaya Technologies Price Performance

Shares of NASDAQ:PGY traded down $0.74 during trading on Tuesday, reaching $22.56. The stock had a trading volume of 2,487,685 shares, compared to its average volume of 3,155,514. Pagaya Technologies Ltd. has a 1-year low of $8.27 and a 1-year high of $44.99. The stock has a market cap of $1.81 billion, a PE ratio of -8.45 and a beta of 5.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.41 and a current ratio of 11.41. The business has a fifty day moving average price of $25.15 and a 200-day moving average price of $27.96.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Pagaya Technologies in a research report on Tuesday, October 14th. Zacks Research downgraded Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Canaccord Genuity Group increased their target price on Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $48.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 1st. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Pagaya Technologies has an average rating of “Moderate Buy” and an average target price of $37.63.

Hedge Funds Weigh In On Pagaya Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in shares of Pagaya Technologies by 20.7% during the third quarter. IFP Advisors Inc now owns 11,886 shares of the company’s stock valued at $353,000 after buying an additional 2,036 shares during the period. Advisory Services Network LLC raised its holdings in Pagaya Technologies by 23.7% in the 3rd quarter. Advisory Services Network LLC now owns 10,987 shares of the company’s stock valued at $326,000 after acquiring an additional 2,105 shares during the last quarter. Harvest Investment Services LLC purchased a new position in shares of Pagaya Technologies during the 3rd quarter worth $4,282,000. Oberweis Asset Management Inc. acquired a new stake in shares of Pagaya Technologies during the third quarter worth $5,641,000. Finally, Kestra Private Wealth Services LLC grew its position in shares of Pagaya Technologies by 37.0% in the third quarter. Kestra Private Wealth Services LLC now owns 24,761 shares of the company’s stock valued at $735,000 after purchasing an additional 6,683 shares during the period. 57.14% of the stock is owned by institutional investors and hedge funds.

About Pagaya Technologies

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.