Pagaya Technologies (NASDAQ:PGY) Director Tami Rosen Sells 1,265 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 1,265 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.07, for a total transaction of $29,183.55. Following the sale, the director directly owned 15,400 shares of the company’s stock, valued at $355,278. The trade was a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 3rd, Tami Rosen sold 28,181 shares of Pagaya Technologies stock. The stock was sold at an average price of $21.98, for a total value of $619,418.38.
• On Monday, June 22nd, Tami Rosen sold 9,944 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.20, for a total value of $151,148.80.
• 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 value of $92,202.63.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $22.89 on Friday. The business’s 50 day moving average price is $19.43 and its 200 day moving average price is $15.35. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 16.83 and a beta of 5.35. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. Pagaya Technologies Ltd. has a one year low of $10.40 and a one year high of $44.99.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. B. Riley Financial boosted their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Canaccord Genuity Group lifted their target price on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Jefferies Financial Group increased their price target on shares of Pagaya Technologies from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 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 investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $31.25.

Institutional Trading of Pagaya Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System boosted its stake in Pagaya Technologies by 1,899.0% during the second quarter. California State Teachers Retirement System now owns 3,561,013 shares of the company’s stock worth $64,988,000 after buying an additional 3,382,876 shares during the period. Millennium Management LLC lifted its holdings in shares of Pagaya Technologies by 75.2% in the 4th quarter. Millennium Management LLC now owns 1,738,760 shares of the company’s stock worth $36,340,000 after acquiring an additional 746,216 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Pagaya Technologies by 26.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after purchasing an additional 359,099 shares during the period. Two Sigma Investments LP increased its holdings in Pagaya Technologies by 5.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,452,578 shares of the company’s stock valued at $43,127,000 after purchasing an additional 71,639 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Pagaya Technologies by 27.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,354,064 shares of the company’s stock valued at $28,300,000 after purchasing an additional 290,379 shares during the last quarter. 57.14% of the stock is owned by institutional investors and hedge funds.

Pagaya Technologies Company Profile

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.