Insight Wealth Strategies LLC acquired a new position in Pagaya Technologies Ltd. (NASDAQ:PGY – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 256,154 shares of the company’s stock, valued at approximately $4,437,000. Insight Wealth Strategies LLC owned about 0.31% of Pagaya Technologies at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of PGY. Engineers Gate Manager LP boosted its holdings in Pagaya Technologies by 158.5% in the 2nd quarter. Engineers Gate Manager LP now owns 130,172 shares of the company’s stock worth $2,376,000 after buying an additional 79,810 shares during the period. Empowered Funds LLC lifted its position in shares of Pagaya Technologies by 4,562.7% during the first quarter. Empowered Funds LLC now owns 116,661 shares of the company’s stock worth $1,359,000 after acquiring an additional 114,159 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its holdings in shares of Pagaya Technologies by 49.7% in the first quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company’s stock worth $2,098,000 after acquiring an additional 59,800 shares during the period. Squarepoint Ops LLC grew its position in shares of Pagaya Technologies by 614.7% in the second quarter. Squarepoint Ops LLC now owns 252,036 shares of the company’s stock valued at $4,600,000 after purchasing an additional 216,770 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Pagaya Technologies during the 1st quarter valued at $1,426,000. Institutional investors own 57.14% of the company’s stock.
Pagaya Technologies Price Performance
PGY stock traded down $0.07 during midday trading on Friday, reaching $18.19. The company had a trading volume of 1,833,860 shares, compared to its average volume of 3,490,512. The firm has a 50-day moving average price of $20.58 and a 200-day moving average price of $16.79. The company has a market capitalization of $1.52 billion, a P/E ratio of 13.39 and a beta of 5.50. Pagaya Technologies Ltd. has a 1 year low of $10.40 and a 1 year high of $31.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 11.08 and a quick ratio of 11.08.
Insider Buying and Selling
Wall Street Analyst Weigh In
A number of research analysts have weighed in on PGY shares. Canaccord Genuity Group lifted their target price on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, July 31st. TD Cowen lowered their price target on shares of Pagaya Technologies from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday. Citizens Jmp raised 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 report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pagaya Technologies in a research note on Monday, September 14th. Finally, Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $31.12.
Check Out Our Latest Research Report on Pagaya Technologies
Pagaya Technologies Profile
Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence, machine learning and data analytics to connect financial institutions with institutional investors. Its technology analyzes large amounts of data to assess credit and other asset characteristics, helping partners originate, manage and fund assets while providing investors with access to diversified investment opportunities.
The company’s platform has supported asset classes including personal loans, auto loans and residential real estate assets.
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