Pagaya Technologies (NASDAQ:PGY) Director Tami Rosen Sells 9,720 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 9,720 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $15.14, for a total transaction of $147,160.80. Following the completion of the sale, the director owned 37,544 shares in the company, valued at approximately $568,416.16. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Tami Rosen also recently made the following trade(s):

• On Thursday, March 12th, Tami Rosen sold 5,905 shares of Pagaya Technologies stock. The stock was sold at an average price of $10.99, for a total transaction of $64,895.95.

Pagaya Technologies Trading Up 0.5%

Shares of PGY traded up $0.08 during trading hours on Monday, reaching $15.07. The stock had a trading volume of 2,649,554 shares, compared to its average volume of 3,892,559. 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 $8.95 and a 52 week high of $44.99. The firm has a 50-day moving average of $11.96 and a 200 day moving average of $19.94. The company has a market cap of $1.24 billion, a P/E ratio of 16.93 and a beta of 5.74.

Pagaya Technologies (NASDAQ:PGY) last posted its earnings results on Thursday, August 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). Pagaya Technologies had a return on equity of 44.24% and a net margin of 6.25%.The business had revenue of $326.40 million for the quarter, compared to the consensus estimate of $323.83 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, sell-side analysts expect that Pagaya Technologies Ltd. will post 2.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PGY. Citigroup decreased their price objective on Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Canaccord Genuity Group reduced their price target on shares of Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Keefe, Bruyette & Woods lowered their price objective on shares of Pagaya Technologies from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 2nd. Finally, Jefferies Financial Group dropped their price objective on shares of Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. One investment 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.11.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Pagaya Technologies by 1,231.6% in the second quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company’s stock valued at $25,591,000 after buying an additional 1,110,208 shares in the last quarter. Millennium Management LLC increased its holdings 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 last quarter. Goldman Sachs Group Inc. raised its position in Pagaya Technologies by 221.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,379,550 shares of the company’s stock worth $28,833,000 after acquiring an additional 950,443 shares in the last quarter. Marshall Wace LLP raised its position in Pagaya Technologies by 1,556.3% during the third quarter. Marshall Wace LLP now owns 672,008 shares of the company’s stock worth $19,952,000 after acquiring an additional 631,435 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in 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 last quarter. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

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.