Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of "Moderate Buy" by Analysts

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.06.

Several research analysts have commented on PGY shares. Benchmark restated a "buy" rating and issued a $21.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 16th. UBS Group began coverage on Pagaya Technologies in a report on Friday, December 20th. They issued a "neutral" rating and a $11.00 price objective for the company. Canaccord Genuity Group reduced their price target on Pagaya Technologies from $32.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Finally, Citigroup raised Pagaya Technologies from a "neutral" rating to a "buy" rating and raised their price target for the company from $13.00 to $14.50 in a report on Friday.

Pagaya Technologies Stock Performance

Shares of PGY traded up $1.43 during midday trading on Monday, hitting $12.50. 5,051,180 shares of the stock traded hands, compared to its average volume of 1,483,567. The business's 50 day moving average price is $9.59 and its two-hundred day moving average price is $11.16. The firm has a market capitalization of $920.75 million, a PE ratio of -4.92 and a beta of 6.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies has a 1-year low of $8.20 and a 1-year high of $20.00.

Insiders Place Their Bets

In other Pagaya Technologies news, CFO Evangelos Perros sold 21,305 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $212,410.85. Following the transaction, the chief financial officer now owns 54,029 shares of the company's stock, valued at approximately $538,669.13. This represents a 28.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Sanjiv Das sold 7,282 shares of the firm's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $8.85, for a total value of $64,445.70. Following the sale, the president now directly owns 91,163 shares of the company's stock, valued at approximately $806,792.55. This represents a 7.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,323 shares of company stock worth $2,999,844. 49.56% of the stock is owned by corporate insiders.

Institutional Trading of Pagaya Technologies

Several institutional investors and hedge funds have recently bought and sold shares of PGY. JPMorgan Chase & Co. boosted its stake in Pagaya Technologies by 502.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company's stock worth $1,610,000 after purchasing an additional 127,012 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Pagaya Technologies by 4,374.9% during the third quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company's stock worth $3,296,000 after purchasing an additional 304,890 shares during the period. Centiva Capital LP purchased a new stake in shares of Pagaya Technologies during the third quarter worth $617,000. Millennium Management LLC lifted its holdings in shares of Pagaya Technologies by 455.9% during the 2nd quarter. Millennium Management LLC now owns 218,549 shares of the company's stock valued at $2,789,000 after buying an additional 179,235 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Pagaya Technologies by 17.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 111,991 shares of the company's stock worth $1,184,000 after buying an additional 16,533 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company's stock.

About Pagaya Technologies

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.