Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 5,905 shares of the business's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $10.99, for a total transaction of $64,895.95. Following the completion of the transaction, the insider owned 47,264 shares of the company's stock, valued at $519,431.36. This represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Tami Rosen also recently made the following trade(s):
- On Friday, December 19th, Tami Rosen sold 7,561 shares of Pagaya Technologies stock. The shares were sold at an average price of $30.73, for a total transaction of $232,349.53.
Pagaya Technologies Stock Up 0.3%
Shares of Pagaya Technologies stock opened at $10.99 on Tuesday. The firm's 50 day moving average price is $16.58 and its 200-day moving average price is $24.22. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 1.22. Pagaya Technologies Ltd. has a 52-week low of $8.50 and a 52-week high of $44.99. The company has a market cap of $883.60 million, a P/E ratio of 12.35 and a beta of 5.92.
Pagaya Technologies (NASDAQ:PGY - Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. The firm had revenue of $334.81 million during the quarter, compared to analyst estimates of $348.75 million. Pagaya Technologies had a net margin of 6.25% and a return on equity of 44.24%. Pagaya Technologies's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, sell-side analysts predict that Pagaya Technologies Ltd. will post 0.88 EPS for the current fiscal year.
Institutional Investors Weigh In On Pagaya Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in shares of Pagaya Technologies by 75.2% during the fourth quarter. Millennium Management LLC now owns 1,738,760 shares of the company's stock worth $36,340,000 after buying an additional 746,216 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Pagaya Technologies by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company's stock valued at $17,871,000 after acquiring an additional 359,099 shares during the period. Two Sigma Investments LP raised its stake in Pagaya Technologies by 5.2% in the 3rd quarter. Two Sigma Investments LP now owns 1,452,578 shares of the company's stock worth $43,127,000 after acquiring an additional 71,639 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Pagaya Technologies by 436.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,385,279 shares of the company's stock worth $29,534,000 after acquiring an additional 1,127,242 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Pagaya Technologies by 27.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,354,064 shares of the company's stock worth $28,300,000 after acquiring an additional 290,379 shares during the period. 57.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on PGY shares. Weiss Ratings upgraded Pagaya Technologies from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, March 4th. Zacks Research downgraded Pagaya Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. Wall Street Zen lowered Pagaya Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 6th. Benchmark decreased their price target on Pagaya Technologies from $48.00 to $33.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Finally, Freedom Capital raised Pagaya Technologies to a "strong-buy" rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Pagaya Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $33.11.
Get Our Latest Research Report on PGY
Pagaya Technologies Company Profile
(
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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