Pagaya Technologies (NASDAQ:PGY) Director Tami Rosen Sells 5,681 Shares

Pagaya Technologies Ltd. (NASDAQ:PGYGet Free Report) Director Tami Rosen sold 5,681 shares of Pagaya Technologies stock in a transaction on Friday, June 12th. The stock was sold at an average price of $16.23, for a total transaction of $92,202.63. Following the sale, the director owned 47,488 shares in the company, valued at $770,730.24. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Friday, April 17th, Tami Rosen sold 9,720 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.14, for a total transaction of $147,160.80.

Pagaya Technologies Stock Down 0.4%

NASDAQ:PGY traded down $0.07 during midday trading on Tuesday, hitting $15.61. 3,644,516 shares of the company were exchanged, compared to its average volume of 3,899,700. The company has a fifty day simple moving average of $13.89 and a 200 day simple moving average of $16.49. Pagaya Technologies Ltd. has a fifty-two week low of $10.40 and a fifty-two week high of $44.99. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $1.29 billion, a PE ratio of 14.59 and a beta of 5.35.

Pagaya Technologies (NASDAQ:PGYGet Free Report) last announced its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%.The company had revenue of $91.63 million for the quarter. As a group, equities analysts anticipate that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC increased 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 acquiring an additional 746,216 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Pagaya Technologies by 26.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after acquiring an additional 359,099 shares during the period. Two Sigma Investments LP increased its stake in shares of Pagaya Technologies by 5.2% during the third 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 period. Renaissance Technologies LLC increased its stake in shares of Pagaya Technologies by 27.3% during the fourth 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. Finally, Nuveen LLC increased its stake in shares of Pagaya Technologies by 3.7% during the fourth quarter. Nuveen LLC now owns 1,299,274 shares of the company’s stock worth $27,155,000 after acquiring an additional 46,536 shares during the period. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PGY. Weiss Ratings lowered shares of Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Canaccord Genuity Group restated a “buy” rating and issued a $32.00 price objective on shares of Pagaya Technologies in a research note on Monday, May 18th. Finally, Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pagaya Technologies presently has a consensus rating of “Buy” and a consensus price target of $34.50.

Get Our Latest Stock Report on Pagaya Technologies

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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Insider Buying and Selling by Quarter for Pagaya Technologies (NASDAQ:PGY)

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