Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) President Sanjiv Das sold 14,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $15.83, for a total value of $221,620.00. Following the transaction, the president directly owned 165,475 shares of the company’s stock, valued at $2,619,469.25. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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.
Sanjiv Das also recently made the following trade(s):
- On Friday, June 12th, Sanjiv Das sold 13,309 shares of Pagaya Technologies stock. The shares were sold at an average price of $16.23, for a total value of $216,005.07.
Pagaya Technologies Stock Up 4.8%
NASDAQ PGY traded up $0.76 during trading on Monday, hitting $16.63. The stock had a trading volume of 3,197,063 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 company has a debt-to-equity ratio of 1.25, a quick ratio of 12.09 and a current ratio of 12.09. The company’s 50-day moving average price is $14.43 and its two-hundred day moving average price is $15.93. The company has a market capitalization of $1.38 billion, a PE ratio of 15.54 and a beta of 5.35.
Analyst Upgrades and Downgrades
PGY has been the topic of a number of recent research reports. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Zacks Research raised shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $32.00 price target on shares of Pagaya Technologies in a research report on Monday, May 18th. Three 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. Based on data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of “Buy” and a consensus target price of $34.50.
Get Our Latest Report on Pagaya Technologies
Institutional Trading of Pagaya Technologies
Several hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division boosted its position in shares of Pagaya Technologies by 2.4% in the fourth quarter. Moody National Bank Trust Division now owns 28,978 shares of the company’s stock valued at $606,000 after acquiring an additional 666 shares during the period. Main Management ETF Advisors LLC boosted its position in shares of Pagaya Technologies by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 72,036 shares of the company’s stock worth $1,506,000 after acquiring an additional 736 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Pagaya Technologies by 5.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,136 shares of the company’s stock worth $176,000 after buying an additional 776 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Pagaya Technologies by 5.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 16,493 shares of the company’s stock valued at $345,000 after purchasing an additional 790 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Pagaya Technologies by 3.2% in the fourth quarter. MetLife Investment Management LLC now owns 27,845 shares of the company’s stock valued at $582,000 after buying an additional 867 shares in the last quarter. 57.14% of the stock is owned by institutional investors and hedge funds.
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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