Tami Rosen Sells 17,570 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 17,570 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $12.06, for a total transaction of $211,894.20. Following the completion of the transaction, the insider now directly owns 73,516 shares of the company’s stock, valued at approximately $886,602.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Pagaya Technologies Price Performance

Shares of PGY stock traded down $0.99 during trading hours on Monday, hitting $10.69. 1,344,809 shares of the company’s stock were exchanged, compared to its average volume of 1,257,519. The firm has a 50 day moving average of $11.87 and a two-hundred day moving average of $12.19. Pagaya Technologies Ltd. has a fifty-two week low of $8.56 and a fifty-two week high of $20.50. The firm has a market cap of $767.70 million, a P/E ratio of -5.49 and a beta of 6.33. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.72.

Pagaya Technologies (NASDAQ:PGY) last announced its earnings results on Friday, August 9th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The firm 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%. Sell-side analysts forecast that Pagaya Technologies Ltd. will post -0.09 EPS for the current year.

Institutional Trading of Pagaya Technologies

A number of hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of Pagaya Technologies during the 2nd quarter worth $74,000. SG Americas Securities LLC acquired a new position in Pagaya Technologies in the 2nd quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Pagaya Technologies in the 2nd quarter valued at approximately $166,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Pagaya Technologies during the 2nd quarter worth approximately $187,000. Finally, Castle Hook Partners LP purchased a new stake in shares of Pagaya Technologies during the 1st quarter valued at approximately $188,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PGY has been the subject of a number of research reports. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Oppenheimer started coverage on Pagaya Technologies in a research note on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price objective for the company. Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a research note on Monday, August 12th. Benchmark reissued a “buy” rating and issued a $21.00 price target on shares of Pagaya Technologies in a report on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their price objective on Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.89.

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.