WINTON GROUP Ltd Takes Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

WINTON GROUP Ltd acquired a new position in Pagaya Technologies Ltd. (NASDAQ:PGY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,511 shares of the company’s stock, valued at approximately $163,000.

Several other institutional investors have also recently made changes to their positions in PGY. State Street Corp grew its position in Pagaya Technologies by 14.6% during 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. Geode Capital Management LLC grew its holdings in Pagaya Technologies by 7.8% during the third 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 period. FMR LLC raised its position in Pagaya Technologies by 8.3% during the third quarter. FMR LLC now owns 524,570 shares of the company’s stock valued at $5,545,000 after acquiring an additional 40,031 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings 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 acquiring an additional 304,890 shares during the period. Finally, Arizona PSPRS Trust purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $2,183,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 6,343 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $63,239.71. Following the completion of the sale, the president now directly owns 75,528 shares in the company, valued at $753,014.16. This represents a 7.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tami Rosen sold 35,369 shares of Pagaya Technologies stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $15.00, for a total value of $530,535.00. Following the transaction, the insider now owns 38,181 shares in the company, valued at approximately $572,715. This represents a 48.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,692 shares of company stock valued at $1,205,379. Corporate insiders own 49.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Citigroup upgraded shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $14.50 in a research note on Friday, February 7th. JMP Securities raised their target price on Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Canaccord Genuity Group restated a “buy” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Thursday, February 13th. Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, B. Riley restated a “buy” rating and issued a $36.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Pagaya Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $20.61.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock opened at $10.48 on Tuesday. The stock has a market capitalization of $789.12 million, a P/E ratio of -1.91 and a beta of 5.98. The business has a 50 day simple moving average of $11.59 and a two-hundred day simple moving average of $10.89. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $19.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17.

Pagaya Technologies (NASDAQ:PGY) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.32). Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. The firm had revenue of $279.39 million during the quarter, compared to analyst estimates of $264.28 million. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, analysts predict that Pagaya Technologies Ltd. will post 0.88 EPS for the current fiscal year.

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.