Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CFO Evangelos Perros sold 12,755 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $22.57, for a total value of $287,880.35. Following the sale, the chief financial officer owned 82,870 shares in the company, valued at approximately $1,870,375.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Evangelos Perros also recently made the following trade(s):
- On Thursday, June 12th, Evangelos Perros sold 11,768 shares of Pagaya Technologies stock. The shares were sold at an average price of $17.90, for a total value of $210,647.20.
Pagaya Technologies Trading Down 0.1%
PGY stock traded down $0.03 on Friday, hitting $22.15. 2,818,390 shares of the company were exchanged, compared to its average volume of 2,023,513. 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 stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -4.37 and a beta of 5.93. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $23.45. The business's fifty day moving average is $16.57 and its two-hundred day moving average is $12.66.
Institutional Trading of Pagaya Technologies
Several institutional investors have recently made changes to their positions in PGY. Rhumbline Advisers boosted its holdings in Pagaya Technologies by 14.7% in the fourth quarter. Rhumbline Advisers now owns 75,620 shares of the company's stock valued at $703,000 after acquiring an additional 9,674 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Pagaya Technologies by 80.7% in the 4th quarter. IFP Advisors Inc now owns 13,265 shares of the company's stock worth $123,000 after purchasing an additional 5,925 shares during the period. Arizona State Retirement System lifted its stake in shares of Pagaya Technologies by 10.9% in the 4th quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock valued at $104,000 after purchasing an additional 1,092 shares in the last quarter. Swiss National Bank grew its holdings in shares of Pagaya Technologies by 8.9% during the 4th quarter. Swiss National Bank now owns 75,583 shares of the company's stock worth $702,000 after purchasing an additional 6,200 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Pagaya Technologies by 21.0% during the 4th 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 in the last quarter. 57.14% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on PGY shares. JMP Securities reiterated a "market outperform" rating and set a $26.00 price objective on shares of Pagaya Technologies in a research report on Tuesday, June 24th. Oppenheimer lifted their price target on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday. B. Riley reissued a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Stephens started coverage on shares of Pagaya Technologies in a research report on Thursday, June 12th. They set an "overweight" rating and a $22.00 target price on the stock. Finally, Benchmark reiterated a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.94.
Check Out Our Latest Report on Pagaya Technologies
Pagaya Technologies Company Profile
(
Get 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.
Featured Articles
Before you consider Pagaya Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pagaya Technologies wasn't on the list.
While Pagaya Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
