Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen acquired 10,000 shares of the company's stock in a transaction dated Friday, April 5th. The stock was acquired at an average cost of $10.47 per share, for a total transaction of $104,700.00. Following the completion of the acquisition, the insider now directly owns 28,818 shares in the company, valued at $301,724.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Pagaya Technologies Stock Performance
Shares of NASDAQ PGY opened at $11.14 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.05 and a current ratio of 4.05. The company has a market capitalization of $657.82 million, a PE ratio of -5.16 and a beta of 6.67. Pagaya Technologies Ltd. has a 1 year low of $8.90 and a 1 year high of $33.96. The company's fifty day moving average price is $13.39 and its 200 day moving average price is $15.08.
Analysts Set New Price Targets
Several analysts have recently commented on PGY shares. Wedbush dropped their price objective on shares of Pagaya Technologies from $18.00 to $11.50 and set a "neutral" rating on the stock in a report on Friday, March 15th. Jefferies Financial Group started coverage on shares of Pagaya Technologies in a report on Thursday, December 14th. They set a "buy" rating and a $30.00 price target on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $42.00 price target on shares of Pagaya Technologies in a report on Thursday, February 22nd. Finally, JMP Securities lowered their price target on shares of Pagaya Technologies from $30.00 to $25.00 and set a "market outperform" rating on the stock in a report on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.08.
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Read Our Latest Stock Analysis on Pagaya Technologies
Hedge Funds Weigh In On Pagaya Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC purchased a new position in Pagaya Technologies during the third quarter valued at $25,000. Wolverine Trading LLC lifted its holdings in Pagaya Technologies by 279.8% during the third quarter. Wolverine Trading LLC now owns 17,602 shares of the company's stock valued at $28,000 after purchasing an additional 27,393 shares in the last quarter. Osaic Holdings Inc. purchased a new position in Pagaya Technologies during the second quarter valued at $29,000. HighTower Advisors LLC purchased a new position in Pagaya Technologies during the third quarter valued at $29,000. Finally, Prelude Capital Management LLC purchased a new position in Pagaya Technologies during the fourth quarter valued at $30,000. 57.14% of the stock is owned by hedge funds and other institutional investors.
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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