B. Riley Reiterates "Buy" Rating for Pagaya Technologies (NASDAQ:PGY)

B. Riley reissued their buy rating on shares of Pagaya Technologies (NASDAQ:PGY - Free Report) in a research report released on Monday,Benzinga reports. They currently have a $36.00 price target on the stock.

Several other brokerages have also commented on PGY. Citigroup raised Pagaya Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. UBS Group began coverage on Pagaya Technologies in a research note on Friday, December 20th. They set a "neutral" rating and a $11.00 price target on the stock. JMP Securities boosted their price target on Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Benchmark restated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday. Finally, Canaccord Genuity Group restated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 13th. Two investment 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, Pagaya Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $20.61.

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Pagaya Technologies Stock Performance

PGY traded down $0.00 during trading on Monday, reaching $11.31. The company's stock had a trading volume of 496,273 shares, compared to its average volume of 1,690,418. Pagaya Technologies has a 52-week low of $8.20 and a 52-week high of $19.20. The company's fifty day moving average price is $11.20 and its 200-day moving average price is $10.97. The company has a market capitalization of $832.90 million, a price-to-earnings ratio of -2.06 and a beta of 5.98. 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 (NASDAQ:PGY - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.24 EPS. On average, equities analysts forecast that Pagaya Technologies will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, CFO Evangelos Perros sold 21,305 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $212,410.85. Following the completion of the transaction, the chief financial officer now directly owns 54,029 shares in the company, valued at approximately $538,669.13. The trade was a 28.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tami Rosen sold 21,547 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $214,823.59. Following the completion of the transaction, the insider now owns 73,550 shares of the company's stock, valued at $733,293.50. This trade represents a 22.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 101,692 shares of company stock worth $1,205,379. Insiders own 49.56% of the company's stock.

Institutional Trading of Pagaya Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Pagaya Technologies by 5.4% during the 4th quarter. California State Teachers Retirement System now owns 35,771 shares of the company's stock worth $332,000 after buying an additional 1,848 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Pagaya Technologies during the 4th quarter worth $105,000. Jefferies Financial Group Inc. acquired a new stake in shares of Pagaya Technologies during the 4th quarter worth $93,000. PharVision Advisers LLC acquired a new stake in shares of Pagaya Technologies during the 4th quarter worth $109,000. Finally, Voloridge Investment Management LLC increased its holdings in shares of Pagaya Technologies by 200.9% during the 4th quarter. Voloridge Investment Management LLC now owns 149,978 shares of the company's stock worth $1,393,000 after buying an additional 100,127 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors and hedge funds.

About Pagaya Technologies

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.