27,656 Shares in Pagaya Technologies Ltd. (NASDAQ:PGY) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,656 shares of the company's stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of PGY. Arizona State Retirement System lifted its stake in Pagaya Technologies by 10.9% in the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock worth $104,000 after purchasing an additional 1,092 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Pagaya Technologies by 15.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock worth $101,000 after acquiring an additional 1,532 shares during the last quarter. Tidal Investments LLC grew its position in Pagaya Technologies by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 41,322 shares of the company's stock valued at $437,000 after acquiring an additional 1,826 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Pagaya Technologies by 13.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company's stock valued at $176,000 after acquiring an additional 1,937 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Pagaya Technologies by 48.4% during the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company's stock worth $103,000 after purchasing an additional 3,181 shares during the last quarter. Hedge funds and other institutional investors own 57.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PGY shares. JMP Securities upped their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. B. Riley restated a "buy" rating and issued a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. UBS Group started coverage on shares of Pagaya Technologies in a research note on Friday, December 20th. They set a "neutral" rating and a $11.00 price target for the company. Citigroup raised 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 research note on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $25.00 target price on shares of Pagaya Technologies in a research report on Thursday, February 13th. 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $20.61.

Insider Activity at Pagaya Technologies

In other news, President Sanjiv Das sold 7,282 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $8.85, for a total transaction of $64,445.70. Following the sale, the president now owns 91,163 shares in the company, valued at approximately $806,792.55. The trade was a 7.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tami Rosen sold 35,369 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $15.00, for a total transaction of $530,535.00. Following the transaction, the insider now owns 38,181 shares in the company, valued at approximately $572,715. This trade represents a 48.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,497 shares of company stock valued at $714,905 over the last 90 days. Insiders own 49.56% of the company's stock.

Pagaya Technologies Stock Down 0.1 %

Shares of NASDAQ:PGY traded down $0.01 on Friday, reaching $9.44. The company had a trading volume of 954,235 shares, compared to its average volume of 1,762,170. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $710.81 million, a PE ratio of -1.72 and a beta of 5.89. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $19.20. The firm's 50 day simple moving average is $11.67 and its 200-day simple moving average is $10.70.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.04) 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 firm had revenue of $279.39 million during the quarter, compared to the consensus estimate of $264.28 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. As a group, analysts expect that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current fiscal year.

Pagaya Technologies 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.