Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Buys $248,272.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari purchased 23,600 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $10.52 per share, for a total transaction of $248,272.00. Following the purchase, the insider now owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Yahav Yulzari also recently made the following trade(s):

• On Friday, August 9th, Yahav Yulzari sold 11,662 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.78, for a total value of $184,026.36.

Pagaya Technologies Stock Down 0.1 %

Shares of PGY opened at $9.89 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.50 and a current ratio of 1.50. Pagaya Technologies Ltd. has a one year low of $8.56 and a one year high of $20.50. The stock has a market capitalization of $701.20 million, a price-to-earnings ratio of -7.01 and a beta of 6.36. The stock has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.03.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.15) earnings per share 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 return on equity of 3.10% and a negative net margin of 14.58%. Equities research analysts forecast that Pagaya Technologies Ltd. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pagaya Technologies

Several large investors have recently modified their holdings of PGY. Quadrature Capital Ltd acquired a new position in shares of Pagaya Technologies in the 4th quarter valued at $1,079,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Pagaya Technologies in the 1st quarter valued at $275,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Pagaya Technologies in the 1st quarter valued at $12,686,000. Cornerstone Investment Partners LLC acquired a new position in shares of Pagaya Technologies in the 1st quarter valued at $158,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Pagaya Technologies by 14.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 675,064 shares of the company’s stock valued at $6,818,000 after purchasing an additional 83,913 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PGY has been the topic of several research reports. Wedbush restated a “neutral” rating and set a $13.00 price target on shares of Pagaya Technologies in a research note on Monday, August 12th. Canaccord Genuity Group cut their target price on Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Oppenheimer assumed coverage on Pagaya Technologies in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on Pagaya Technologies in a research note on Monday, June 17th. They issued an “outperform” rating and a $23.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Pagaya Technologies currently 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.