Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of “Moderate Buy” by Analysts

Pagaya Technologies Ltd. (NASDAQ:PGY) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.00.

Several equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Benchmark reiterated a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. UBS Group began coverage on shares of Pagaya Technologies in a research report on Friday. They issued a “neutral” rating and a $11.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, B. Riley lowered their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, September 30th.

Insider Transactions at Pagaya Technologies

In related news, insider Yahav Yulzari sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $15.50, for a total value of $2,325,000.00. Following the completion of the sale, the insider now owns 161,637 shares in the company, valued at $2,505,373.50. The trade was a 48.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tami Rosen sold 17,570 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20. Following the transaction, the insider now owns 73,516 shares in the company, valued at $886,602.96. The trade was a 19.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,045 shares of company stock valued at $2,755,982. Insiders own 49.56% of the company’s stock.

Institutional Trading of Pagaya Technologies

Several hedge funds have recently added to or reduced their stakes in PGY. Tidal Investments LLC grew its stake in shares of Pagaya Technologies by 4.6% during the third quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock valued at $437,000 after buying an additional 1,826 shares during the last quarter. Virtu Financial LLC purchased a new stake in Pagaya Technologies during the 3rd quarter valued at about $223,000. Geode Capital Management LLC grew its position in Pagaya Technologies by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock worth $6,310,000 after acquiring an additional 43,068 shares during the last quarter. State Street Corp increased its stake in Pagaya Technologies by 14.6% in the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock worth $8,074,000 after purchasing an additional 97,135 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in Pagaya Technologies by 4,374.9% in the third quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock valued at $3,296,000 after purchasing an additional 304,890 shares during the last quarter. 57.14% of the stock is owned by institutional investors.

Pagaya Technologies Stock Up 2.8 %

Pagaya Technologies stock opened at $8.95 on Friday. The firm has a market capitalization of $659.22 million, a price-to-earnings ratio of -3.52 and a beta of 6.11. The firm has a 50 day simple moving average of $10.76 and a 200 day simple moving average of $12.03. Pagaya Technologies has a 1-year low of $8.20 and a 1-year high of $20.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82.

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.