Kennedy Capital Management LLC Purchases Shares of 290,699 Pagaya Technologies Ltd. (NASDAQ:PGY)

Kennedy Capital Management LLC bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 290,699 shares of the company's stock, valued at approximately $2,701,000. Kennedy Capital Management LLC owned 0.39% of Pagaya Technologies at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Pagaya Technologies by 310.6% in the 4th quarter. JPMorgan Chase & Co. now owns 625,351 shares of the company's stock valued at $5,810,000 after purchasing an additional 473,063 shares in the last quarter. State Street Corp raised its holdings in Pagaya Technologies by 14.6% in the third quarter. State Street Corp now owns 763,823 shares of the company's stock valued at $8,074,000 after acquiring an additional 97,135 shares in the last quarter. Geode Capital Management LLC boosted its stake in Pagaya Technologies by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company's stock valued at $6,310,000 after acquiring an additional 43,068 shares during the last quarter. American Century Companies Inc. acquired a new position in Pagaya Technologies during the 4th quarter worth $382,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Pagaya Technologies in the 4th quarter worth about $312,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Tami Rosen sold 9,846 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $12.18, for a total value of $119,924.28. Following the completion of the sale, the insider now directly owns 73,550 shares of the company's stock, valued at approximately $895,839. This represents a 11.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Sanjiv Das sold 12,789 shares of the firm's stock in a transaction that occurred 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 owns 105,817 shares in the company, valued at $989,388.95. This represents a 10.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,004 shares of company stock valued at $770,036 in the last quarter. Corporate insiders own 49.56% of the company's stock.

Pagaya Technologies Stock Performance

Shares of PGY traded up $0.17 during midday trading on Friday, hitting $9.46. 1,300,520 shares of the stock traded hands, compared to its average volume of 1,765,019. The business's 50 day moving average price is $11.49 and its two-hundred day moving average price is $10.69. The firm has a market capitalization of $711.94 million, a PE ratio of -1.72 and a beta of 5.89. 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 Ltd. has a 1-year low of $8.20 and a 1-year high of $19.20.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.32). The firm had revenue of $279.39 million during the quarter, compared to the consensus estimate of $264.28 million. Pagaya Technologies had a positive return on equity of 0.82% and a negative net margin of 39.20%. During the same quarter last year, the company posted $0.24 EPS. Equities research analysts predict that Pagaya Technologies Ltd. will post 0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on PGY. UBS Group initiated coverage on Pagaya Technologies in a research note on Friday, December 20th. They issued a "neutral" rating and a $11.00 price target for the company. Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. JMP Securities upped their price target on Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. Citigroup raised shares of Pagaya Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $13.00 to $14.50 in a report on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.61.

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.