Quantbot Technologies LP Purchases Shares of 74,438 Pagaya Technologies Ltd. (NASDAQ:PGY)

Quantbot Technologies LP acquired a new stake in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 74,438 shares of the company's stock, valued at approximately $787,000. Quantbot Technologies LP owned approximately 0.10% of Pagaya Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Pagaya Technologies during the second quarter worth $74,000. SG Americas Securities LLC bought a new stake in shares of Pagaya Technologies during the 2nd quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Pagaya Technologies in the 2nd quarter valued at approximately $166,000. The Manufacturers Life Insurance Company grew its stake in shares of Pagaya Technologies by 13.2% in the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company's stock valued at $176,000 after buying an additional 1,937 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Pagaya Technologies in the 2nd quarter valued at about $187,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on PGY. Canaccord Genuity Group reduced their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Benchmark reiterated a "buy" rating and set a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. JMP Securities reissued a "market outperform" rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Tuesday, September 3rd. Wedbush restated a "neutral" rating and issued a $13.00 target price on shares of Pagaya Technologies in a research report on Monday, August 12th. Finally, B. Riley lowered their target price on Pagaya Technologies from $48.00 to $36.00 and set a "buy" rating for the company in a report on Monday, September 30th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.11.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Yahav Yulzari bought 23,600 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average price of $10.52 per share, with a total value of $248,272.00. Following the acquisition, the insider now owns 311,637 shares of the company's stock, valued at approximately $3,278,421.24. The trade was a 8.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, President Sanjiv Das sold 10,683 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $11.77, for a total value of $125,738.91. Following the transaction, the president now owns 64,794 shares of the company's stock, valued at approximately $762,625.38. The trade was a 14.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,045 shares of company stock worth $2,755,982 over the last ninety days. 49.56% of the stock is currently owned by company insiders.

Pagaya Technologies Stock Performance

Shares of NASDAQ PGY traded down $0.12 during mid-day trading on Monday, reaching $10.81. 1,588,150 shares of the company's stock were exchanged, compared to its average volume of 1,411,841. The firm has a 50-day moving average price of $10.98 and a two-hundred day moving average price of $12.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $796.22 million, a price-to-earnings ratio of -4.33 and a beta of 6.33. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $20.50.

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.