GAMMA Investing LLC Has $4.43 Million Stock Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

GAMMA Investing LLC increased its position in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) by 57,867.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,374 shares of the company's stock after buying an additional 46,294 shares during the period. GAMMA Investing LLC owned about 0.06% of Pagaya Technologies worth $4,425,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Frontier Capital Management Co. LLC purchased a new stake in Pagaya Technologies during the fourth quarter worth approximately $28,070,000. Point72 Asset Management L.P. boosted its stake in shares of Pagaya Technologies by 284.3% in the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company's stock valued at $11,133,000 after purchasing an additional 886,539 shares during the period. Two Sigma Investments LP raised its holdings in Pagaya Technologies by 359.6% in the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company's stock valued at $7,675,000 after acquiring an additional 646,357 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Pagaya Technologies by 310.6% in the fourth quarter. JPMorgan Chase & Co. now owns 625,351 shares of the company's stock valued at $5,810,000 after acquiring an additional 473,063 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in shares of Pagaya Technologies during the fourth quarter worth $2,701,000. Institutional investors and hedge funds own 57.14% of the company's stock.

Pagaya Technologies Stock Down 2.8%

Shares of NASDAQ PGY traded down $0.52 during mid-day trading on Friday, reaching $17.94. The company had a trading volume of 2,079,983 shares, compared to its average volume of 1,960,334. The stock has a fifty day moving average of $13.45 and a two-hundred day moving average of $11.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -3.26 and a beta of 5.93. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $19.20.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, insider Tami Rosen sold 13,814 shares of Pagaya Technologies stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $17.68, for a total value of $244,231.52. Following the completion of the sale, the insider now directly owns 38,181 shares in the company, valued at $675,040.08. The trade was a 26.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Sanjiv Das sold 31,382 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $17.15, for a total transaction of $538,201.30. Following the completion of the sale, the president now owns 74,435 shares of the company's stock, valued at $1,276,560.25. The trade was a 29.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 533,737 shares of company stock worth $8,114,410 over the last ninety days. 47.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Benchmark reissued a "buy" rating and set a $25.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. JMP Securities increased their target price on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. B. Riley reiterated a "buy" rating and issued a $36.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, Stephens began coverage on shares of Pagaya Technologies in a research report on Thursday. They set an "overweight" rating and a $22.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.75.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.