Key Points
- Pagaya CFO Evangelos Perros sold 9,750 shares on Jan. 5 at an average price of $22.99 for total proceeds of $224,152.50, trimming his stake by 8.87% to 100,212 shares (≈$2.30M).
- Stock context: PGY opened at $24.26 with a $1.95B market cap, a high beta (5.86), a 12‑month range of $8.27–$44.99, and a consensus "Moderate Buy" analyst rating with a $37.25 target.
Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 3,945 shares of Pagaya Technologies stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $22.99, for a total value of $90,695.55. Following the completion of the transaction, the president owned 129,986 shares of the company's stock, valued at $2,988,378.14. The trade was a 2.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Pagaya Technologies Stock Up 8.9%
PGY stock opened at $24.26 on Tuesday. The company's 50 day moving average price is $23.80 and its 200 day moving average price is $28.23. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.41 and a current ratio of 11.41. Pagaya Technologies Ltd. has a fifty-two week low of $8.27 and a fifty-two week high of $44.99. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -9.09 and a beta of 5.86.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Benchmark restated a "buy" rating and issued a $48.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Pagaya Technologies in a report on Tuesday, October 14th. Wall Street Zen downgraded Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 6th. Keefe, Bruyette & Woods cut their target price on Pagaya Technologies from $38.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Zacks Research downgraded Pagaya Technologies from a "strong-buy" rating to a "hold" rating in a report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.25.
Check Out Our Latest Stock Analysis on PGY
Hedge Funds Weigh In On Pagaya Technologies
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Pagaya Technologies by 436.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,385,279 shares of the company's stock valued at $29,534,000 after purchasing an additional 1,127,242 shares during the last quarter. BNP Paribas Financial Markets increased its position in Pagaya Technologies by 1,231.6% during the second quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company's stock worth $25,591,000 after buying an additional 1,110,208 shares during the period. Millennium Management LLC increased its position in Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock worth $13,230,000 after buying an additional 961,944 shares during the period. Marshall Wace LLP lifted its stake in Pagaya Technologies by 1,556.3% in the third quarter. Marshall Wace LLP now owns 672,008 shares of the company's stock valued at $19,952,000 after buying an additional 631,435 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Pagaya Technologies by 113.1% in the third quarter. American Century Companies Inc. now owns 1,094,799 shares of the company's stock valued at $32,505,000 after acquiring an additional 581,017 shares during the period. Hedge funds and other institutional investors own 57.14% of the company's stock.
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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