Key Points
- Tami Rosen sold 7,561 shares of Pagaya Technologies on Dec. 19 at an average price of $30.73 for $232,349.53, cutting her stake by 16.76% to 37,544 shares after the transaction.
- Analysts give Pagaya a consensus rating of "Moderate Buy" with an average price target of $37.63 (8 Buys, 1 Hold, 1 Sell).
- Pagaya is an AI-driven fintech specializing in credit and asset management, and institutional investors own about 57.14% of the stock, with several funds recently adding or initiating positions.
Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 7,561 shares of Pagaya Technologies stock in a transaction on Friday, December 19th. The shares were sold at an average price of $30.73, for a total transaction of $232,349.53. Following the completion of the sale, the insider owned 37,544 shares in the company, valued at approximately $1,153,727.12. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tami Rosen also recently made the following trade(s):
- On Wednesday, October 1st, Tami Rosen sold 15,026 shares of Pagaya Technologies stock. The shares were sold at an average price of $30.73, for a total value of $461,748.98.
Pagaya Technologies Price Performance
Shares of PGY opened at $22.56 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.41 and a current ratio of 11.41. The stock has a market cap of $1.81 billion, a PE ratio of -8.45 and a beta of 5.84. The firm's 50-day simple moving average is $25.00 and its two-hundred day simple moving average is $28.00. Pagaya Technologies Ltd. has a fifty-two week low of $8.27 and a fifty-two week high of $44.99.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Pagaya Technologies in a research report on Tuesday, October 14th. Canaccord Genuity Group raised their price objective on shares of Pagaya Technologies from $36.00 to $39.00 and gave the company a "buy" rating in a research report on Tuesday, November 11th. Zacks Research cut Pagaya Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. Benchmark reiterated a "buy" rating and issued a $48.00 price target on shares of Pagaya Technologies in a research note on Wednesday, October 1st. Finally, Wall Street Zen cut Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 6th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pagaya Technologies has a consensus rating of "Moderate Buy" and an average target price of $37.63.
Read Our Latest Report on PGY
Institutional Investors Weigh In On Pagaya Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Pagaya Technologies by 20.7% in the third quarter. IFP Advisors Inc now owns 11,886 shares of the company's stock worth $353,000 after buying an additional 2,036 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Pagaya Technologies by 23.7% in the third quarter. Advisory Services Network LLC now owns 10,987 shares of the company's stock worth $326,000 after acquiring an additional 2,105 shares in the last quarter. Harvest Investment Services LLC purchased a new stake in Pagaya Technologies during the 3rd quarter worth approximately $4,282,000. Oberweis Asset Management Inc. purchased a new stake in shares of Pagaya Technologies during the third quarter valued at $5,641,000. Finally, Kestra Private Wealth Services LLC grew its stake in Pagaya Technologies by 37.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 24,761 shares of the company's stock valued at $735,000 after purchasing an additional 6,683 shares during the last quarter. 57.14% of the stock is owned by institutional investors.
About Pagaya Technologies
(
Get Free Report)
Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.
Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.
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