Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) Director Tami Rosen sold 28,181 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $21.98, for a total value of $619,418.38. Following the completion of the transaction, the director owned 16,665 shares of the company’s stock, valued at $366,296.70. The trade was a 62.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Tami Rosen also recently made the following trade(s):
- On Monday, June 22nd, Tami Rosen sold 9,944 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.20, for a total value of $151,148.80.
- On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The stock was sold at an average price of $16.23, for a total value of $92,202.63.
Pagaya Technologies Stock Up 15.4%
PGY opened at $22.24 on Tuesday. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99. The business has a 50-day moving average of $16.42 and a two-hundred day moving average of $14.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 11.08 and a quick ratio of 11.08. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 16.35 and a beta of 5.33.
Analyst Ratings Changes
Several brokerages have recently issued reports on PGY. Citizens Jmp boosted their price objective on shares of Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday. Texas Capital upgraded Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, B. Riley Financial upped their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $32.43.
Read Our Latest Stock Report on Pagaya Technologies
Institutional Investors Weigh In On Pagaya Technologies
Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its holdings in shares of Pagaya Technologies by 2,722.3% in the 1st quarter. AQR Capital Management LLC now owns 305,710 shares of the company’s stock valued at $3,204,000 after acquiring an additional 294,878 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Pagaya Technologies by 11.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,288 shares of the company’s stock worth $653,000 after buying an additional 6,365 shares during the period. Millennium Management LLC increased its holdings in shares of Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock worth $13,230,000 after acquiring an additional 961,944 shares during the period. Goldman Sachs Group Inc. grew its position in Pagaya Technologies by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after purchasing an additional 359,099 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Pagaya Technologies by 19.0% in the 2nd quarter. Legal & General Group Plc now owns 34,909 shares of the company’s stock valued at $744,000 after acquiring an additional 5,580 shares during the period. Institutional investors own 57.14% of the company’s stock.
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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