Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $530,535.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 35,369 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $15.00, for a total transaction of $530,535.00. Following the completion of the sale, the insider now directly owns 38,181 shares in the company, valued at approximately $572,715. The trade was a 48.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, February 7th, Tami Rosen sold 9,846 shares of Pagaya Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $119,924.28.
• On Thursday, January 2nd, Tami Rosen sold 21,547 shares of Pagaya Technologies stock. The stock was sold at an average price of $9.97, for a total transaction of $214,823.59.

Pagaya Technologies Trading Up 5.0 %

Shares of PGY stock opened at $15.37 on Friday. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $20.00. The firm’s 50-day simple moving average is $9.87 and its 200-day simple moving average is $11.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $1.13 billion, a P/E ratio of -6.05 and a beta of 6.09.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). The business had revenue of $279.39 million for the quarter, compared to analyst estimates of $264.28 million. Pagaya Technologies had a negative net margin of 18.48% and a positive return on equity of 1.01%. During the same period last year, the firm earned $0.24 earnings per share. As a group, equities analysts forecast that Pagaya Technologies Ltd. will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PGY. The Manufacturers Life Insurance Company acquired a new position in Pagaya Technologies during the second quarter valued at approximately $187,000. GSA Capital Partners LLP acquired a new position in Pagaya Technologies during the third quarter valued at approximately $374,000. Intech Investment Management LLC acquired a new position in shares of Pagaya Technologies during the third quarter worth $191,000. Charles Schwab Investment Management Inc. lifted its position in shares of Pagaya Technologies by 17.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 111,991 shares of the company’s stock worth $1,184,000 after purchasing an additional 16,533 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Pagaya Technologies by 8.3% during the third quarter. FMR LLC now owns 524,570 shares of the company’s stock worth $5,545,000 after purchasing an additional 40,031 shares in the last quarter. 57.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on PGY shares. JMP Securities raised their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research note on Friday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a research note on Thursday. UBS Group started coverage on shares of Pagaya Technologies in a research note on Friday, December 20th. They set a “neutral” rating and a $11.00 price target on the stock. Finally, Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.17.

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.