Key Points
- Director Tami Rosen sold 1,265 Pagaya Technologies shares at an average price of $23.07, generating $29,183.55 and reducing her direct stake by 7.59% to 15,400 shares.
- Pagaya shares opened at $22.89 and were reported up 4.0%; the stock has a $1.91 billion market capitalization and has traded between $10.40 and $44.99 over the past year.
- Analysts maintain a broadly positive outlook, with an average “Buy” rating and a consensus price target of $31.25; institutional investors own 57.14% of the company.
Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) Director Tami Rosen sold 1,265 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $23.07, for a total value of $29,183.55. Following the transaction, the director directly owned 15,400 shares in the company, valued at approximately $355,278. The trade was a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Tami Rosen also recently made the following trade(s):
- On Monday, August 3rd, Tami Rosen sold 28,181 shares of Pagaya Technologies stock. The shares were sold at an average price of $21.98, for a total value of $619,418.38.
- On Monday, June 22nd, Tami Rosen sold 9,944 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.20, for a total value of $151,148.80.
- On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The stock was sold at an average price of $16.23, for a total transaction of $92,202.63.
Pagaya Technologies Stock Up 4.0%
Shares of PGY opened at $22.89 on Friday. The stock has a market capitalization of $1.91 billion, a PE ratio of 16.83 and a beta of 5.35. Pagaya Technologies Ltd. has a 1 year low of $10.40 and a 1 year high of $44.99. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The company's 50-day simple moving average is $19.43 and its 200-day simple moving average is $15.35.
Institutional Investors Weigh In On Pagaya Technologies
Institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in Pagaya Technologies in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd raised its holdings in Pagaya Technologies by 351.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company's stock worth $29,000 after purchasing an additional 1,084 shares in the last quarter. Transamerica Financial Advisors LLC purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth approximately $30,000. Quarry LP raised its stake in Pagaya Technologies by 330.8% during the 4th quarter. Quarry LP now owns 1,663 shares of the company's stock worth $35,000 after acquiring an additional 1,277 shares in the last quarter. Finally, First Bancorp Inc ME purchased a new stake in Pagaya Technologies in the second quarter valued at $36,000. Hedge funds and other institutional investors own 57.14% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on PGY. Texas Capital upgraded shares of Pagaya Technologies to a "strong-buy" rating in a report on Wednesday, June 10th. TD Cowen assumed coverage on shares of Pagaya Technologies in a research note on Thursday. They issued a "buy" rating and a $26.00 price target for the company. Citizens Jmp upped their price objective on Pagaya Technologies from $22.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Friday, July 31st. Jefferies Financial Group increased their price objective on Pagaya Technologies from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. Finally, Canaccord Genuity Group lifted their target price on Pagaya Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a report on Friday, July 31st. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $31.25.
View Our Latest Research Report on PGY
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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