Cory Vieira Sells 1,458 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGYGet Free Report) CAO Cory Vieira sold 1,458 shares of Pagaya Technologies stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $15.83, for a total value of $23,080.14. Following the transaction, the chief accounting officer owned 20,959 shares of the company’s stock, valued at $331,780.97. The trade was a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cory Vieira also recently made the following trade(s):

  • On Tuesday, June 2nd, Cory Vieira sold 2,140 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.01, for a total value of $32,121.40.

Pagaya Technologies Stock Up 4.8%

Shares of NASDAQ PGY traded up $0.76 during trading on Monday, reaching $16.63. The company had a trading volume of 3,197,507 shares, compared to its average volume of 3,927,513. Pagaya Technologies Ltd. has a 12-month low of $10.40 and a 12-month high of $44.99. The stock has a market cap of $1.38 billion, a PE ratio of 15.54 and a beta of 5.35. The business’s 50-day moving average is $14.43 and its 200 day moving average is $15.93. 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 (NASDAQ:PGYGet Free Report) last posted its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) earnings per share (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 during the quarter. As a group, equities analysts forecast that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PGY has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Canaccord Genuity Group restated a “buy” rating and issued a $32.00 price target on shares of Pagaya Technologies in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Texas Capital upgraded 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 assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $34.50.

Get Our Latest Analysis on PGY

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Pagaya Technologies during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd boosted its position in shares of Pagaya Technologies by 351.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock worth $29,000 after acquiring an additional 1,084 shares during the last quarter. Transamerica Financial Advisors LLC bought a new position in shares of Pagaya Technologies during the fourth quarter worth $30,000. Quarry LP grew its stake in Pagaya Technologies by 330.8% during the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Pagaya Technologies during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

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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