Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $16.50, but opened at $15.41. Pagaya Technologies shares last traded at $16.85, with a volume of 1,737,426 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on PGY shares. Canaccord Genuity Group reiterated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 13th. UBS Group began coverage on Pagaya Technologies in a report on Friday, December 20th. They set a "neutral" rating and a $11.00 target price for the company. Citigroup raised Pagaya Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Finally, JMP Securities boosted their price objective on Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.17.
Check Out Our Latest Report on Pagaya Technologies
Pagaya Technologies Trading Down 9.7 %
The company has a market cap of $1.07 billion, a PE ratio of -2.64 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. The company has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $11.19.
Pagaya Technologies (NASDAQ:PGY - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 39.20% and a positive return on equity of 0.82%. The company had revenue of $279.39 million for the quarter, compared to analysts' expectations of $264.28 million. During the same period in the previous year, the firm posted $0.24 earnings per share. Sell-side analysts forecast that Pagaya Technologies Ltd. will post 0.88 EPS for the current year.
Insider Transactions at Pagaya Technologies
In related news, CFO Evangelos Perros sold 21,305 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction 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 trade represents a 28.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tami Rosen sold 35,369 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 38,181 shares of the company's stock, valued at $572,715. This represents a 48.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 101,692 shares of company stock valued at $1,205,379. 49.56% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd bought a new position in shares of Pagaya Technologies in the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Pagaya Technologies in the fourth quarter valued at approximately $43,000. Nisa Investment Advisors LLC bought a new position in shares of Pagaya Technologies in the fourth quarter valued at approximately $57,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Pagaya Technologies in the fourth quarter worth $67,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of Pagaya Technologies during the 4th quarter worth $93,000. Institutional investors own 57.14% of the company's stock.
Pagaya Technologies Company Profile
(
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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