Pagaya Technologies (NASDAQ:PGY) Trading 6.6% Higher

Pagaya Technologies Ltd. (NASDAQ:PGY)’s stock price traded up 6.6% during trading on Friday . The company traded as high as $10.41 and last traded at $10.33. 335,149 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 1,223,357 shares. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

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

Pagaya Technologies Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.05. The firm’s 50 day moving average is $12.41 and its 200 day moving average is $14.36. The firm has a market cap of $614.12 million, a P/E ratio of -4.77 and a beta of 6.66.

Insider Buying and Selling

In related news, CRO Yahav Yulzari bought 60,000 shares of the business’s 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 owns 299,699 shares of the company’s stock, valued at approximately $3,047,938.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CRO Yahav Yulzari bought 60,000 shares of the business’s 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 owns 299,699 shares of the company’s stock, valued at approximately $3,047,938.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Avi Zeevi bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were bought at an average cost of $10.35 per share, with a total value of $310,500.00. Following the completion of the purchase, the director now directly owns 35,656 shares of the company’s stock, valued at approximately $369,039.60. The disclosure for this purchase can be found here. Insiders have acquired 194,807 shares of company stock valued at $2,012,373 over the last quarter. Corporate insiders own 19.70% of the company’s stock.

Hedge Funds Weigh In On Pagaya Technologies

Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in Pagaya Technologies during the 1st quarter valued at about $12,686,000. Counterpoint Mutual Funds LLC bought a new stake in Pagaya Technologies during the 1st quarter valued at about $275,000. Quadrature Capital Ltd lifted its holdings in Pagaya Technologies by 3,558.5% during the 4th quarter. Quadrature Capital Ltd now owns 784,860 shares of the company’s stock valued at $1,079,000 after buying an additional 763,407 shares in the last quarter. Yarra Square Partners LP bought a new stake in Pagaya Technologies during the 4th quarter valued at about $4,099,000. Finally, Swiss National Bank bought a new stake in Pagaya Technologies during the 4th quarter valued at about $658,000. Institutional investors 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.