American Century Companies Inc. Makes New $382,000 Investment in Pagaya Technologies Ltd. (NASDAQ:PGY)

American Century Companies Inc. bought a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,173 shares of the company's stock, valued at approximately $382,000. American Century Companies Inc. owned approximately 0.06% of Pagaya Technologies at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in Pagaya Technologies in the 4th quarter valued at approximately $30,000. Nisa Investment Advisors LLC acquired a new position in shares of Pagaya Technologies during the 4th quarter worth $57,000. BNP Paribas Financial Markets boosted its position in shares of Pagaya Technologies by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company's stock worth $103,000 after buying an additional 3,181 shares in the last quarter. Arizona State Retirement System increased its holdings in Pagaya Technologies by 10.9% during the 4th quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock valued at $104,000 after acquiring an additional 1,092 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Pagaya Technologies during the fourth quarter worth about $114,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pagaya Technologies

In other news, President Sanjiv Das sold 12,789 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $9.35, for a total transaction of $119,577.15. Following the transaction, the president now directly owns 105,817 shares of the company's stock, valued at approximately $989,388.95. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tami Rosen sold 9,846 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $12.18, for a total transaction of $119,924.28. Following the sale, the insider now directly owns 73,550 shares of the company's stock, valued at approximately $895,839. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 58,004 shares of company stock worth $770,036. Corporate insiders own 49.56% of the company's stock.

Pagaya Technologies Trading Up 1.8 %

Shares of NASDAQ PGY traded up $0.17 during midday trading on Friday, hitting $9.46. The stock had a trading volume of 1,300,520 shares, compared to its average volume of 1,767,291. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $19.20. The company has a market capitalization of $711.94 million, a price-to-earnings ratio of -1.72 and a beta of 5.89. The company has a fifty day moving average price of $11.46 and a 200 day moving average price of $10.68.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.32). Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. The business had revenue of $279.39 million for the quarter, compared to analyst estimates of $264.28 million. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts predict that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on PGY. B. Riley restated a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Canaccord Genuity Group reiterated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 13th. JMP Securities upped their target price on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Citigroup upgraded shares of Pagaya Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $14.50 in a report on Friday, February 7th. Finally, Benchmark reaffirmed a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.61.

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.