Jump Financial LLC Purchases 43,049 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY)

Jump Financial LLC boosted its position in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) by 55.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,047 shares of the company's stock after buying an additional 43,049 shares during the quarter. Jump Financial LLC owned approximately 0.16% of Pagaya Technologies worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PGY. Invesco Ltd. grew its stake in shares of Pagaya Technologies by 1.8% during the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company's stock worth $446,000 after acquiring an additional 864 shares during the period. Arizona State Retirement System boosted its position in Pagaya Technologies by 10.9% during the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock worth $104,000 after purchasing an additional 1,092 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of Pagaya Technologies by 15.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock worth $101,000 after purchasing an additional 1,532 shares in the last quarter. Tidal Investments LLC raised its position in shares of Pagaya Technologies by 4.6% in the third quarter. Tidal Investments LLC now owns 41,322 shares of the company's stock valued at $437,000 after purchasing an additional 1,826 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Pagaya Technologies during the 4th quarter valued at approximately $30,000. 57.14% of the stock is currently owned by institutional investors.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 12,789 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $9.35, for a total value of $119,577.15. Following the transaction, the president now owns 105,817 shares in the company, valued at approximately $989,388.95. The trade was a 10.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tami Rosen sold 9,846 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $12.18, for a total value of $119,924.28. Following the transaction, the insider now directly owns 73,550 shares of the company's stock, valued at $895,839. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,004 shares of company stock worth $770,036. Company insiders own 49.56% of the company's stock.

Wall Street Analyst Weigh In

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

Pagaya Technologies Price Performance

PGY traded up $0.30 on Friday, reaching $11.21. The company had a trading volume of 1,324,401 shares, compared to its average volume of 1,774,654. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies Ltd. has a 52-week low of $8.20 and a 52-week high of $19.20. The company has a market cap of $844.09 million, a price-to-earnings ratio of -2.04 and a beta of 5.89. The business has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $10.68.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.32). Pagaya Technologies had a positive return on equity of 0.82% and a negative net margin of 39.20%. The firm had revenue of $279.39 million during the quarter, compared to the consensus estimate of $264.28 million. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, sell-side analysts anticipate that Pagaya Technologies Ltd. will post 0.88 EPS for the current year.

About Pagaya Technologies

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.