Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) CEO Gal Krubiner acquired 16,230 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average cost of $15.43 per share, for a total transaction of $250,428.90. Following the completion of the transaction, the chief executive officer directly owned 555,906 shares of the company’s stock, valued at $8,577,629.58. This represents a 3.01% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Pagaya Technologies Trading Up 2.5%
Shares of NASDAQ:PGY opened at $15.87 on Friday. The firm has a fifty day moving average of $14.43 and a two-hundred day moving average of $15.99. 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 12-month low of $10.40 and a 12-month high of $44.99. The firm has a market capitalization of $1.32 billion, a P/E ratio of 14.83 and a beta of 5.35.
Pagaya Technologies (NASDAQ:PGY – Get Free Report) last posted its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) earnings per share 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 during the quarter. On average, equities analysts expect that Pagaya Technologies Ltd. will post 2.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Pagaya Technologies
Wall Street Analyst Weigh In
Several research firms have commented on PGY. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $32.00 price target on shares of Pagaya Technologies in a report on Monday, May 18th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Pagaya Technologies has an average rating of “Buy” and a consensus price target of $34.50.
View Our Latest Stock Analysis on PGY
About Pagaya Technologies
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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