Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $91,908.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 7,659 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $12.00, for a total transaction of $91,908.00. Following the transaction, the insider now directly owns 65,857 shares of the company’s stock, valued at $790,284. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 31st, Tami Rosen sold 17,570 shares of Pagaya Technologies stock. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $14.62 on Friday. Pagaya Technologies Ltd. has a 12-month low of $8.56 and a 12-month high of $20.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -7.42 and a beta of 6.33. The firm’s fifty day moving average price is $11.71 and its 200 day moving average price is $12.28.

Pagaya Technologies (NASDAQ:PGY) last announced its earnings results on Friday, August 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The business had revenue of $250.34 million for the quarter, compared to analysts’ expectations of $239.16 million. Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. On average, research analysts forecast that Pagaya Technologies Ltd. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Pagaya Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of PGY. nVerses Capital LLC acquired a new stake in shares of Pagaya Technologies during the second quarter worth approximately $74,000. SG Americas Securities LLC acquired a new stake in Pagaya Technologies in the second quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Pagaya Technologies during the 2nd quarter valued at $166,000. The Manufacturers Life Insurance Company acquired a new position in Pagaya Technologies during the 2nd quarter worth $187,000. Finally, Intech Investment Management LLC acquired a new position in Pagaya Technologies during the 3rd quarter worth $191,000. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

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.