World Investment Advisors Buys Shares of 55,688 Pagaya Technologies Ltd. $PGY

World Investment Advisors acquired a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 55,688 shares of the company’s stock, valued at approximately $1,164,000. World Investment Advisors owned about 0.07% of Pagaya Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PGY. BNP Paribas Financial Markets lifted its stake in shares of Pagaya Technologies by 1,231.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company’s stock valued at $25,591,000 after purchasing an additional 1,110,208 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after purchasing an additional 961,944 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Pagaya Technologies by 1,556.3% in the 3rd quarter. Marshall Wace LLP now owns 672,008 shares of the company’s stock valued at $19,952,000 after purchasing an additional 631,435 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Pagaya Technologies by 113.1% in the 3rd quarter. American Century Companies Inc. now owns 1,094,799 shares of the company’s stock valued at $32,505,000 after purchasing an additional 581,017 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Pagaya Technologies by 3,179.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 426,089 shares of the company’s stock valued at $9,493,000 after purchasing an additional 413,096 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, CFO Evangelos Perros sold 13,004 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $11.34, for a total value of $147,465.36. Following the transaction, the chief financial officer directly owned 122,174 shares in the company, valued at $1,385,453.16. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tami Rosen sold 9,720 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $15.14, for a total transaction of $147,160.80. Following the transaction, the director owned 37,544 shares in the company, valued at $568,416.16. The trade was a 20.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,756 shares of company stock worth $558,738 over the last ninety days. Corporate insiders own 47.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PGY. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Citigroup reduced their price objective on shares of Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Jefferies Financial Group reduced their price objective on shares of Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Freedom Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Pagaya Technologies Price Performance

NASDAQ:PGY opened at $13.54 on Monday. The firm has a market cap of $1.12 billion, a PE ratio of 12.65 and a beta of 5.42. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $12.65 and its two-hundred day moving average price is $18.03.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. The firm had revenue of $91.63 million during the quarter. Pagaya Technologies had a net margin of 7.39% and a return on equity of 44.75%. On average, equities analysts anticipate that Pagaya Technologies Ltd. will post 2.24 EPS for the current fiscal year.

Pagaya Technologies Company Profile

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.