Shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) saw an uptick in trading volume on Monday . 1,092,906 shares were traded during mid-day trading, a decline of 36% from the previous session's volume of 1,710,577 shares.The stock last traded at $12.73 and had previously closed at $12.50.
Analysts Set New Price Targets
A number of research firms recently commented on PGY. Benchmark restated a "buy" rating and set a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a research note on Thursday. Citigroup raised Pagaya Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $13.00 to $14.50 in a research report on Friday, February 7th. Finally, UBS Group began coverage on Pagaya Technologies in a research report on Friday, December 20th. They issued a "neutral" rating and a $11.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.06.
Read Our Latest Analysis on PGY
Pagaya Technologies Stock Up 24.3 %
The company has a market capitalization of $1.08 billion, a P/E ratio of -5.76 and a beta of 6.09. The company has a 50 day moving average of $9.68 and a 200-day moving average of $11.11. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17.
Insider Transactions at Pagaya Technologies
In other Pagaya Technologies news, CFO Evangelos Perros sold 21,305 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $212,410.85. Following the completion of the transaction, the chief financial officer now owns 54,029 shares in the company, valued at $538,669.13. This trade represents a 28.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tami Rosen sold 35,369 shares of the 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 completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 101,692 shares of company stock worth $1,205,379 over the last three months. 49.56% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised 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 acquiring an additional 127,012 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Pagaya Technologies by 4,374.9% during the 3rd 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 last quarter. Centiva Capital LP purchased a new stake in shares of Pagaya Technologies in the third quarter valued at approximately $617,000. Charles Schwab Investment Management Inc. boosted its holdings in Pagaya Technologies by 17.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 111,991 shares of the company's stock valued at $1,184,000 after purchasing an additional 16,533 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Pagaya Technologies in the 3rd quarter valued at about $787,000. Hedge funds and other institutional investors own 57.14% of the company's stock.
About Pagaya Technologies
(
Get Free Report)
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.
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