Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.61.

A number of equities research analysts recently weighed in on PGY shares. JMP Securities boosted their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Citigroup raised Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $14.50 in a report on Friday, February 7th. Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Thursday, February 13th. Finally, B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th.

Insider Buying and Selling at Pagaya Technologies

In other news, President Sanjiv Das sold 12,789 shares of Pagaya Technologies stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $9.35, for a total value of $119,577.15. Following the sale, the president now owns 105,817 shares of the company’s stock, valued at $989,388.95. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yahav Yulzari sold 238,004 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $15.16, for a total transaction of $3,608,140.64. Following the transaction, the insider now owns 4,346,141 shares in the company, valued at approximately $65,887,497.56. This trade represents a 5.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 488,541 shares of company stock valued at $7,331,977 in the last ninety days. Insiders own 47.59% of the company’s stock.

Institutional Investors Weigh In On Pagaya Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Pagaya Technologies during the 4th quarter worth approximately $30,000. Virtus Advisers LLC purchased a new position in Pagaya Technologies in the first quarter worth $35,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Pagaya Technologies in the fourth quarter valued at $43,000. GAMMA Investing LLC boosted its position in shares of Pagaya Technologies by 5,431.3% during the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Pagaya Technologies during the 4th quarter worth $57,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Stock Up 0.8%

Shares of NASDAQ:PGY opened at $14.55 on Wednesday. The firm has a 50 day simple moving average of $11.28 and a 200-day simple moving average of $10.87. Pagaya Technologies has a twelve month low of $8.20 and a twelve month high of $19.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $1.10 billion, a PE ratio of -2.65 and a beta of 5.88.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.