Key Points
- Director Tami Rosen sold 1,986 Pagaya Technologies shares at an average price of $17.83, generating $35,410.38. Her remaining direct stake fell 12.9% to 13,414 shares.
- Rosen has made several additional sales since August, totaling more than 46,000 shares, indicating continued insider selling.
- Pagaya shares opened at $18.40, below the 50-day average of $20.49 but above the 200-day average of $16.63. Analysts maintain a consensus “Buy” rating with an average price target of $31.25, while institutional investors own 57.14% of the stock.
Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) Director Tami Rosen sold 1,986 shares of Pagaya Technologies stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.83, for a total value of $35,410.38. Following the sale, the director directly owned 13,414 shares of the company's stock, valued at $239,171.62. This represents a 12.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Tami Rosen also recently made the following trade(s):
- On Friday, September 18th, Tami Rosen sold 8,504 shares of Pagaya Technologies stock. The shares were sold at an average price of $20.38, for a total transaction of $173,311.52.
- On Saturday, September 12th, Tami Rosen sold 7,121 shares of Pagaya Technologies stock. The stock was sold at an average price of $20.21, for a total transaction of $143,915.41.
- On Thursday, September 3rd, Tami Rosen sold 1,265 shares of Pagaya Technologies stock. The stock was sold at an average price of $23.07, for a total transaction of $29,183.55.
- 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 transaction of $619,418.38.
Pagaya Technologies Stock Performance
Shares of NASDAQ:PGY opened at $18.40 on Tuesday. The company's 50 day moving average price is $20.49 and its two-hundred day moving average price is $16.63. Pagaya Technologies Ltd. has a 12-month low of $10.40 and a 12-month high of $31.54. The firm has a market cap of $1.54 billion, a PE ratio of 13.53 and a beta of 5.50. The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 1.12.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. TD Cowen started coverage on Pagaya Technologies in a research report on Thursday, September 3rd. They set a "buy" rating and a $26.00 price target on the stock. B. Riley Financial upped their target price on Pagaya Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Canaccord Genuity Group increased their target price on Pagaya Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Citizens Jmp raised their price target 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. Finally, Jefferies Financial Group boosted their price target on Pagaya Technologies from $23.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $31.25.
Read Our Latest Research Report on PGY
Institutional Trading of Pagaya Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of PGY. Engineers Gate Manager LP grew its position in Pagaya Technologies by 158.5% during the 2nd quarter. Engineers Gate Manager LP now owns 130,172 shares of the company's stock worth $2,376,000 after acquiring an additional 79,810 shares during the last quarter. Empowered Funds LLC raised its position in Pagaya Technologies by 4,562.7% in the first quarter. Empowered Funds LLC now owns 116,661 shares of the company's stock valued at $1,359,000 after purchasing an additional 114,159 shares during the last quarter. SPX Gestao de Recursos Ltda raised its position in Pagaya Technologies by 49.7% in the first quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company's stock valued at $2,098,000 after purchasing an additional 59,800 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Pagaya Technologies during the first quarter valued at about $1,426,000. Finally, Globeflex Capital L P acquired a new stake in shares of Pagaya Technologies during the second quarter valued at about $2,244,000. Institutional investors own 57.14% of the company's stock.
About Pagaya Technologies
(
Get Free Report)
Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence, machine learning and data analytics to connect financial institutions with institutional investors. Its technology analyzes large amounts of data to assess credit and other asset characteristics, helping partners originate, manage and fund assets while providing investors with access to diversified investment opportunities.
The company's platform has supported asset classes including personal loans, auto loans and residential real estate assets.
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