Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 7,659 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 7,659 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $12.00, for a total transaction of $91,908.00. Following the completion of the sale, the insider now directly owns 65,857 shares of the company’s stock, valued at approximately $790,284. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, October 31st, Tami Rosen sold 17,570 shares of Pagaya Technologies stock. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20.

Pagaya Technologies Trading Up 5.8 %

Shares of Pagaya Technologies stock opened at $13.01 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.72. Pagaya Technologies Ltd. has a 12-month low of $8.56 and a 12-month high of $20.50. The firm has a market capitalization of $934.31 million, a price-to-earnings ratio of -6.60 and a beta of 6.33. The firm’s 50 day simple moving average is $11.71 and its two-hundred day simple moving average is $12.22.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The company had revenue of $250.34 million for the quarter, compared to analyst estimates of $239.16 million. Pagaya Technologies had a negative net margin of 14.58% and a negative return on equity of 3.10%. Analysts predict that Pagaya Technologies Ltd. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. B. Riley lowered their price target on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Canaccord Genuity Group reduced their price objective on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Benchmark reiterated a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Finally, Oppenheimer assumed coverage on shares of Pagaya Technologies in a research note on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.89.

Institutional Trading of Pagaya Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in PGY. Mirae Asset Global Investments Co. Ltd. grew its position in Pagaya Technologies by 14.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 675,064 shares of the company’s stock valued at $6,818,000 after buying an additional 83,913 shares during the period. Sei Investments Co. acquired a new stake in Pagaya Technologies during the first quarter valued at $1,101,000. Castle Hook Partners LP acquired a new stake in Pagaya Technologies during the first quarter valued at $188,000. Hood River Capital Management LLC acquired a new stake in Pagaya Technologies during the first quarter valued at $9,265,000. Finally, Black Maple Capital Management LP acquired a new stake in Pagaya Technologies during the first quarter valued at $438,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

About Pagaya Technologies

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.