Private Advisor Group LLC bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,221 shares of the company's stock, valued at approximately $118,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of PGY. Pilgrim Partners Asia Pte Ltd bought a new stake in Pagaya Technologies in the fourth quarter worth $43,000. GAMMA Investing LLC lifted its position in Pagaya Technologies by 5,431.3% in the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after buying an additional 4,345 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Pagaya Technologies in the fourth quarter worth $67,000. Jefferies Financial Group Inc. bought a new stake in shares of Pagaya Technologies during the fourth quarter worth $93,000. Finally, ProShare Advisors LLC bought a new stake in shares of Pagaya Technologies during the fourth quarter worth $94,000. 57.14% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Pagaya Technologies news, President Sanjiv Das sold 31,382 shares of Pagaya Technologies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $17.15, for a total value of $538,201.30. Following the transaction, the president owned 74,435 shares in the company, valued at $1,276,560.25. The trade was a 29.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tami Rosen sold 14,645 shares of Pagaya Technologies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $22.57, for a total value of $330,537.65. Following the completion of the transaction, the insider owned 49,440 shares in the company, valued at $1,115,860.80. This trade represents a 22.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,353,907 shares of company stock worth $24,585,322 over the last ninety days. 47.59% of the stock is currently owned by company insiders.
Pagaya Technologies Stock Performance
PGY stock opened at $29.12 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The business has a 50-day moving average price of $22.33 and a 200 day moving average price of $15.24. The company has a market capitalization of $2.20 billion, a P/E ratio of -5.74 and a beta of 5.95. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $34.29.
Analyst Ratings Changes
PGY has been the subject of several research analyst reports. Citigroup lifted their target price on Pagaya Technologies from $16.50 to $40.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Stephens initiated coverage on Pagaya Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $22.00 target price for the company. Wall Street Zen upgraded Pagaya Technologies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. JMP Securities reiterated a "market outperform" rating and set a $26.00 target price on shares of Pagaya Technologies in a research report on Tuesday, June 24th. Finally, Oppenheimer lifted their target price on Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $26.70.
Read Our Latest Report on PGY
Pagaya Technologies Company Profile
(
Free Report)
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.
Further Reading
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