Pagaya Technologies (NASDAQ:PGY) Stock Price Down 4%

Pagaya Technologies Ltd. (NASDAQ:PGY) shares fell 4% during mid-day trading on Monday . The company traded as low as $9.96 and last traded at $9.98. 633,917 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 1,227,163 shares. The stock had previously closed at $10.40.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Pagaya Technologies in a report on Thursday, February 22nd. Wedbush lowered their price target on shares of Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, March 15th. Finally, JMP Securities lowered their price target on shares of Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pagaya Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $38.08.

Pagaya Technologies Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.05 and a current ratio of 4.05. The stock’s 50 day moving average price is $12.30 and its 200-day moving average price is $14.28.

Insider Buying and Selling

In other Pagaya Technologies news, CRO Yahav Yulzari acquired 60,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average cost of $10.17 per share, with a total value of $610,200.00. Following the completion of the purchase, the executive now directly owns 299,699 shares in the company, valued at $3,047,938.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CRO Yahav Yulzari purchased 60,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of $10.17 per share, with a total value of $610,200.00. Following the completion of the transaction, the executive now owns 299,699 shares in the company, valued at approximately $3,047,938.83. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Sanjiv Das acquired 22,727 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were bought at an average price of $10.57 per share, for a total transaction of $240,224.39. Following the acquisition, the president now owns 22,727 shares of the company’s stock, valued at $240,224.39. The disclosure for this purchase can be found here. Insiders acquired a total of 194,807 shares of company stock valued at $2,012,373 over the last three months.

Hedge Funds Weigh In On Pagaya Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. MBE Wealth Management LLC purchased a new stake in Pagaya Technologies in the 4th quarter worth approximately $31,000. Pathstone Family Office LLC purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $32,000. Acadian Asset Management LLC purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $38,000. Fermata Advisors LLC purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $38,000. Finally, Deuterium Capital Management LLC purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

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.