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

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 7,561 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $30.73, for a total transaction of $232,349.53. Following the completion of the sale, the insider owned 37,544 shares of the company’s stock, valued at approximately $1,153,727.12. The trade was a 16.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $461,748.98.

Pagaya Technologies Stock Up 0.3%

PGY opened at $22.63 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 11.41 and a quick ratio of 11.41. Pagaya Technologies Ltd. has a 12 month low of $8.27 and a 12 month high of $44.99. The stock has a market capitalization of $1.82 billion, a P/E ratio of -8.47 and a beta of 5.84. The business has a 50 day simple moving average of $24.86 and a 200-day simple moving average of $27.96.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Wall Street Zen lowered shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Benchmark reiterated a “buy” rating and set a $48.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. Finally, Zacks Research downgraded Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.63.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB purchased a new stake in Pagaya Technologies in the second quarter valued at approximately $25,000. Versant Capital Management Inc acquired a new stake in shares of Pagaya Technologies during the 3rd quarter worth $25,000. Virtus Advisers LLC purchased a new position in shares of Pagaya Technologies in the 1st quarter worth $35,000. LSV Asset Management acquired a new position in Pagaya Technologies in the third quarter valued at $36,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Pagaya Technologies by 35.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock valued at $42,000 after acquiring an additional 520 shares during the period. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

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.