Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Tami Rosen Sells 35,369 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 35,369 shares of Pagaya Technologies stock in a transaction that occurred on 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 sale, the insider now owns 38,181 shares of the company's stock, valued at $572,715. This trade represents a 48.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tami Rosen also recently made the following trade(s):

• On Friday, February 7th, Tami Rosen sold 9,846 shares of Pagaya Technologies stock. The stock was sold at an average price of $12.18, for a total transaction of $119,924.28.
• On Thursday, January 2nd, Tami Rosen sold 21,547 shares of Pagaya Technologies stock. The shares were sold at an average price of $9.97, for a total value of $214,823.59.

Pagaya Technologies Stock Performance

NASDAQ:PGY traded up $0.73 during trading hours on Monday, hitting $15.37. 4,083,099 shares of the company traded hands, compared to its average volume of 1,483,567. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.00. The firm has a 50-day moving average of $9.87 and a 200 day moving average of $11.09. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -6.05 and a beta of 6.09.

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 18.48% and a positive return on equity of 1.01%. The company had revenue of $279.39 million for the quarter, compared to analyst estimates of $264.28 million. During the same period in the prior year, the company posted $0.24 EPS. On average, analysts forecast that Pagaya Technologies Ltd. will post 0.18 EPS for the current year.

Hedge Funds Weigh In On Pagaya Technologies

Several large investors have recently added to or reduced their stakes in PGY. Voloridge Investment Management LLC lifted 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 acquiring an additional 100,127 shares during the period. Two Sigma Advisers LP increased its stake in Pagaya Technologies by 1,942.7% in the fourth quarter. Two Sigma Advisers LP now owns 232,682 shares of the company's stock valued at $2,162,000 after acquiring an additional 221,291 shares during the period. Two Sigma Investments LP raised its position in Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock worth $7,675,000 after purchasing an additional 646,357 shares in the last quarter. Tidal Investments LLC lifted its stake in Pagaya Technologies by 11.3% during the fourth quarter. Tidal Investments LLC now owns 45,971 shares of the company's stock worth $427,000 after purchasing an additional 4,649 shares during the period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Pagaya Technologies during the fourth quarter valued at approximately $113,000. Institutional investors and hedge funds own 57.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PGY. JMP Securities increased their price objective on Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a report on Friday. Citigroup raised Pagaya Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $13.00 to $14.50 in a research report on Friday, February 7th. Canaccord Genuity Group reissued a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Thursday. Finally, UBS Group began coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a "neutral" rating and a $11.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.17.

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.