BNP Paribas Financial Markets Has $1.22 Million Stock Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

BNP Paribas Financial Markets lifted its position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) by 1,249.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,637 shares of the company's stock after purchasing an additional 121,880 shares during the period. BNP Paribas Financial Markets owned 0.18% of Pagaya Technologies worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Pagaya Technologies during the 4th quarter worth $30,000. Pilgrim Partners Asia Pte Ltd bought a new position in Pagaya Technologies during the 4th quarter worth $43,000. Nisa Investment Advisors LLC bought a new position in Pagaya Technologies during the 4th quarter worth $57,000. KLP Kapitalforvaltning AS bought a new position in Pagaya Technologies during the 4th quarter worth $67,000. Finally, CIBC Private Wealth Group LLC increased its stake in Pagaya Technologies by 15.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock worth $101,000 after acquiring an additional 1,532 shares during the period. Institutional investors own 57.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup upgraded Pagaya Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Benchmark restated a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. B. Riley restated a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Thursday, February 13th. Finally, JMP Securities raised their target price on Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $20.61.

Pagaya Technologies Price Performance

Shares of PGY stock traded up $0.45 during trading hours on Friday, reaching $15.72. The company's stock had a trading volume of 1,408,692 shares, compared to its average volume of 1,884,163. The firm's 50 day simple moving average is $11.52 and its 200-day simple moving average is $10.93. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -2.86 and a beta of 5.88. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $19.20. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Insider Buying and Selling at Pagaya Technologies

In related news, insider Yahav Yulzari sold 238,004 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $15.16, for a total transaction of $3,608,140.64. Following the completion of the transaction, the insider now directly owns 4,346,141 shares of the company's stock, valued at $65,887,497.56. This trade represents a 5.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Sanjiv Das sold 12,789 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $9.35, for a total value of $119,577.15. Following the transaction, the president now directly owns 105,817 shares of the company's stock, valued at approximately $989,388.95. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 488,541 shares of company stock valued at $7,331,977. 47.59% of the stock is currently owned by corporate insiders.

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.