Charles Schwab Investment Management Inc. Has $804,000 Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

Charles Schwab Investment Management Inc. trimmed its position in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,499 shares of the company's stock after selling 25,492 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.12% of Pagaya Technologies worth $804,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Pagaya Technologies by 502.5% during the third quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company's stock valued at $1,610,000 after buying an additional 127,012 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Pagaya Technologies by 4,374.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company's stock valued at $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 in the third quarter worth approximately $617,000. IFP Advisors Inc lifted its position in shares of Pagaya Technologies by 80.7% in the fourth quarter. IFP Advisors Inc now owns 13,265 shares of the company's stock worth $123,000 after purchasing an additional 5,925 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Pagaya Technologies during the third quarter worth approximately $787,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, insider Tami Rosen sold 35,369 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $15.00, for a total transaction of $530,535.00. Following the completion of the transaction, the insider now owns 38,181 shares of the company's stock, valued at approximately $572,715. The trade was a 48.09 % decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Friday, January 17th. The shares were sold at an average price of $8.85, for a total value of $64,445.70. Following the completion of the sale, the president now directly owns 91,163 shares in the company, valued at $806,792.55. This trade represents a 7.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 52,497 shares of company stock valued at $714,905. Company insiders own 49.56% of the company's stock.

Wall Street Analyst Weigh In

PGY has been the subject of a number of research analyst reports. UBS Group assumed coverage on shares of Pagaya Technologies in a research report on Friday, December 20th. They issued a "neutral" rating and a $11.00 target price for the company. Citigroup upgraded Pagaya Technologies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $13.00 to $14.50 in a report on Friday, February 7th. Canaccord Genuity Group reissued a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 13th. Benchmark reaffirmed a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, B. Riley reiterated a "buy" rating and set a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Pagaya Technologies presently has an average rating of "Moderate Buy" and an average target price of $20.61.

Pagaya Technologies Stock Down 13.1 %

Shares of PGY traded down $1.45 during trading hours on Thursday, hitting $9.65. 3,397,761 shares of the company were exchanged, compared to its average volume of 1,731,878. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $726.63 million, a PE ratio of -1.75 and a beta of 5.98. The firm's 50 day moving average is $11.66 and its 200-day moving average is $10.87. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20.

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

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.