Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) President Sanjiv Das sold 13,309 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $16.23, for a total transaction of $216,005.07. Following the sale, the president owned 154,475 shares of the company’s stock, valued at approximately $2,507,129.25. The trade was a 7.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Pagaya Technologies Stock Performance
PGY stock traded down $0.07 during trading on Tuesday, hitting $15.61. 3,644,516 shares of the company’s stock traded hands, compared to its average volume of 3,899,700. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 1.25. Pagaya Technologies Ltd. has a 52 week low of $10.40 and a 52 week high of $44.99. The stock has a fifty day moving average price of $13.89 and a two-hundred day moving average price of $16.49. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.59 and a beta of 5.35.
Pagaya Technologies (NASDAQ:PGY – Get Free Report) last released its earnings results on Sunday, March 22nd. The company reported ($40.85) earnings per share for the quarter. Pagaya Technologies had a net margin of 7.39% and a return on equity of 44.75%. The business had revenue of $91.63 million for the quarter. As a group, equities analysts anticipate that Pagaya Technologies Ltd. will post 2.92 EPS for the current fiscal year.
Hedge Funds Weigh In On Pagaya Technologies
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $32.00 target price on shares of Pagaya Technologies in a research note on Monday, May 18th. 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. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $34.50.
Check Out Our Latest Research Report on PGY
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.
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