Pagaya Technologies (NASDAQ:PGY) Insider Sells $64,895.95 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Tami Rosen sold 5,905 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $10.99, for a total transaction of $64,895.95. Following the transaction, the insider owned 47,264 shares in the company, valued at approximately $519,431.36. The trade was a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, December 19th, Tami Rosen sold 7,561 shares of Pagaya Technologies stock. The shares were sold at an average price of $30.73, for a total transaction of $232,349.53.

Pagaya Technologies Trading Up 0.3%

Shares of NASDAQ:PGY traded up $0.03 during trading on Monday, hitting $10.99. 2,157,170 shares of the company’s stock were exchanged, compared to its average volume of 4,212,435. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 1.22. The firm has a market cap of $883.55 million, a P/E ratio of 12.35 and a beta of 5.92. The firm has a 50-day moving average price of $16.84 and a two-hundred day moving average price of $24.41. Pagaya Technologies Ltd. has a 1-year low of $8.50 and a 1-year high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Monday, February 9th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. Pagaya Technologies had a net margin of 6.25% and a return on equity of 44.24%. The business had revenue of $334.81 million for the quarter, compared to analyst estimates of $348.75 million. During the same period in the prior year, the business posted $0.17 earnings per share. Pagaya Technologies’s revenue was up 19.8% compared to the same quarter last year. Equities analysts predict that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PGY shares. Wall Street Zen downgraded Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Canaccord Genuity Group dropped their price objective on Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Citigroup cut their target price on Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Keefe, Bruyette & Woods reduced their target price on Pagaya Technologies from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 2nd. Finally, Benchmark decreased their target price on Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Pagaya Technologies has an average rating of “Moderate Buy” and a consensus price target of $33.11.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Pagaya Technologies during the third quarter worth $25,000. LSV Asset Management acquired a new position in shares of Pagaya Technologies in the 3rd quarter valued at $36,000. Root Financial Partners LLC bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd increased its position in shares of Pagaya Technologies by 351.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after buying an additional 1,084 shares in the last quarter. Finally, Transamerica Financial Advisors LLC acquired a new stake in Pagaya Technologies during the 4th quarter worth $30,000. 57.14% of the stock is currently 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.