Kestra Private Wealth Services LLC Invests $127,000 in Pagaya Technologies Ltd. (NASDAQ:PGY)

Kestra Private Wealth Services LLC bought a new stake in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,083 shares of the company's stock, valued at approximately $127,000.

A number of other large investors have also modified their holdings of the business. Invesco Ltd. increased its holdings in Pagaya Technologies by 1.8% in the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company's stock worth $446,000 after buying an additional 864 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Pagaya Technologies by 9.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock valued at $130,000 after acquiring an additional 1,094 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Pagaya Technologies by 15.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock valued at $101,000 after acquiring an additional 1,532 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Pagaya Technologies by 5.4% in the fourth quarter. California State Teachers Retirement System now owns 35,771 shares of the company's stock worth $332,000 after acquiring an additional 1,848 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Pagaya Technologies by 21.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,828 shares of the company's stock worth $212,000 after purchasing an additional 3,965 shares during the last quarter. Hedge funds and other institutional investors own 57.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PGY shares. Oppenheimer increased their price target on Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Benchmark boosted their price target on Pagaya Technologies from $25.00 to $42.00 and gave the company a "buy" rating in a report on Friday, July 18th. Stephens initiated coverage on Pagaya Technologies in a research report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price objective on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Citigroup lifted their price objective on shares of Pagaya Technologies from $16.50 to $40.00 and gave the company a "buy" rating in a report on Monday, July 21st. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.70.

Insider Buying and Selling

In other Pagaya Technologies news, CFO Evangelos Perros sold 12,755 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $22.57, for a total transaction of $287,880.35. Following the transaction, the chief financial officer owned 82,870 shares of the company's stock, valued at approximately $1,870,375.90. The trade was a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Avital Pardo sold 54,254 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $20.24, for a total value of $1,098,100.96. Following the completion of the sale, the chief technology officer directly owned 1,042,950 shares of the company's stock, valued at $21,109,308. This trade represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,353,907 shares of company stock worth $24,585,322 in the last 90 days. Corporate insiders own 47.59% of the company's stock.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock traded down $0.93 during trading hours on Friday, reaching $29.12. 2,613,972 shares of the company's stock were exchanged, compared to its average volume of 3,126,175. The business has a fifty day moving average of $22.33 and a two-hundred day moving average of $15.20. The company has a market capitalization of $2.20 billion, a P/E ratio of -5.74 and a beta of 5.95. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $34.29.

Pagaya Technologies 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.