Resolute Capital Asset Partners LLC bought a new position in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,000 shares of the company's stock, valued at approximately $786,000. Resolute Capital Asset Partners LLC owned 0.10% of Pagaya Technologies at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. 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 purchasing an additional 4,345 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Pagaya Technologies in the fourth quarter worth approximately $93,000. ProShare Advisors LLC acquired a new stake in Pagaya Technologies in the fourth quarter worth approximately $94,000. Summit Securities Group LLC acquired a new stake in Pagaya Technologies in the first quarter worth approximately $107,000. Finally, Malaga Cove Capital LLC acquired a new stake in Pagaya Technologies in the fourth quarter worth approximately $96,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Pagaya Technologies
In other news, insider Yahav Yulzari sold 241,160 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $4,738,794.00. Following the transaction, the insider directly owned 3,846,564 shares of the company's stock, valued at approximately $75,584,982.60. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Avital Pardo sold 239,989 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $4,715,783.85. Following the completion of the transaction, the chief technology officer directly owned 802,961 shares in the company, valued at $15,778,183.65. This trade represents a 23.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 878,155 shares of company stock valued at $17,372,922. 47.59% of the stock is owned by insiders.
Pagaya Technologies Price Performance
Shares of NASDAQ:PGY opened at $33.76 on Friday. The company's fifty day moving average is $26.65 and its two-hundred day moving average is $17.52. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.85. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $41.48. The company has a market cap of $2.59 billion, a P/E ratio of -8.81 and a beta of 5.95.
Analyst Ratings Changes
A number of equities research analysts have weighed in on PGY shares. Keefe, Bruyette & Woods upped their target price on Pagaya Technologies from $27.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. B. Riley upped their price target on Pagaya Technologies from $46.00 to $54.00 and gave the company a "buy" rating in a report on Monday, August 11th. Citigroup upped their price target on Pagaya Technologies from $16.50 to $40.00 and gave the company a "buy" rating in a report on Monday, July 21st. JMP Securities upped their price target on Pagaya Technologies from $26.00 to $35.00 and gave the company a "market outperform" rating in a report on Monday, August 11th. Finally, Oppenheimer upped their price target on Pagaya Technologies from $16.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.
Read Our Latest Analysis on Pagaya Technologies
About Pagaya Technologies
(
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.
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