Tami Rosen Sells 9,944 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 9,944 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $15.20, for a total transaction of $151,148.80. Following the completion of the transaction, the director directly owned 37,544 shares of the company’s stock, valued at $570,668.80. This trade represents a 20.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The shares were sold at an average price of $16.23, for a total transaction of $92,202.63.
• On Friday, April 17th, Tami Rosen sold 9,720 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.14, for a total value of $147,160.80.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $15.17 on Thursday. The stock’s fifty day simple moving average is $14.34 and its 200 day simple moving average is $16.06. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.26 billion, a PE ratio of 14.18 and a beta of 5.35. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last posted its earnings results on Sunday, March 22nd. The company reported ($40.85) earnings per share (EPS) for the quarter. Pagaya Technologies had a net margin of 7.39% and a return on equity of 44.75%. The business had revenue of $91.63 million during the quarter. On average, research analysts predict that Pagaya Technologies Ltd. will post 2.92 EPS for the current year.

Institutional Investors Weigh In On Pagaya Technologies

Several large investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC increased its holdings in Pagaya Technologies by 81.0% during the first quarter. Segall Bryant & Hamill LLC now owns 118,459 shares of the company’s stock worth $1,380,000 after buying an additional 53,011 shares during the last quarter. Edgestream Partners L.P. lifted its stake in Pagaya Technologies by 353.2% in the first quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock valued at $4,354,000 after acquiring an additional 291,291 shares during the last quarter. Royal Bank of Canada lifted its stake in Pagaya Technologies by 134.6% in the first quarter. Royal Bank of Canada now owns 35,940 shares of the company’s stock valued at $419,000 after acquiring an additional 20,623 shares during the last quarter. Empowered Funds LLC grew its position in shares of Pagaya Technologies by 4,562.7% in the 1st quarter. Empowered Funds LLC now owns 116,661 shares of the company’s stock valued at $1,359,000 after acquiring an additional 114,159 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Pagaya Technologies by 5.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 15,136 shares of the company’s stock valued at $176,000 after acquiring an additional 776 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $32.00 price target on shares of Pagaya Technologies in a research note on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Three analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Pagaya Technologies currently has an average rating of “Buy” and an average price target of $34.50.

About Pagaya Technologies

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.