Counterpoint Mutual Funds LLC Invests $275,000 in Pagaya Technologies Ltd. (NASDAQ:PGY)

Counterpoint Mutual Funds LLC acquired a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,201 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MBE Wealth Management LLC acquired a new stake in shares of Pagaya Technologies during the fourth quarter worth $31,000. Acadian Asset Management LLC acquired a new stake in shares of Pagaya Technologies during the third quarter worth $38,000. Rokos Capital Management LLP acquired a new stake in shares of Pagaya Technologies during the third quarter worth $321,000. Deuterium Capital Management LLC raised its holdings in shares of Pagaya Technologies by 781.6% during the fourth quarter. Deuterium Capital Management LLC now owns 220,406 shares of the company’s stock worth $304,000 after acquiring an additional 195,406 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of Pagaya Technologies by 88.0% during the third quarter. Citigroup Inc. now owns 309,747 shares of the company’s stock worth $489,000 after acquiring an additional 145,004 shares during the period. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Pagaya Technologies Trading Up 0.6 %

Shares of PGY traded up $0.07 during midday trading on Tuesday, reaching $12.01. The stock had a trading volume of 744,097 shares, compared to its average volume of 1,121,716. The firm has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $13.22. Pagaya Technologies Ltd. has a one year low of $8.56 and a one year high of $33.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.36 and a current ratio of 2.36.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). Pagaya Technologies had a negative net margin of 10.53% and a negative return on equity of 4.23%. The firm had revenue of $237.00 million during the quarter, compared to the consensus estimate of $229.45 million. During the same period last year, the business earned ($0.48) EPS. On average, equities analysts expect that Pagaya Technologies Ltd. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PGY. Wedbush lowered their price target on shares of Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 price target on shares of Pagaya Technologies in a research note on Thursday, May 9th. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Friday, June 7th. Citigroup began coverage on shares of Pagaya Technologies in a research note on Friday, May 24th. They issued a “neutral” rating and a $14.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $22.00 price target on shares of Pagaya Technologies in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.94.

Insider Buying and Selling

In related news, President Sanjiv Das bought 22,727 shares of Pagaya Technologies stock in a transaction that occurred on Friday, April 5th. The stock was acquired at an average price of $10.57 per share, with a total value of $240,224.39. Following the acquisition, the president now owns 22,727 shares of the company’s stock, valued at approximately $240,224.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Sanjiv Das bought 22,727 shares of Pagaya Technologies stock in a transaction that occurred on Friday, April 5th. The stock was acquired at an average price of $10.57 per share, with a total value of $240,224.39. Following the acquisition, the president now owns 22,727 shares of the company’s stock, valued at approximately $240,224.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tami Rosen bought 10,000 shares of Pagaya Technologies stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of $10.47 per share, with a total value of $104,700.00. Following the acquisition, the insider now directly owns 28,818 shares in the company, valued at approximately $301,724.46. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 194,807 shares of company stock valued at $2,012,373.

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.