Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of "Moderate Buy" by Brokerages

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $38.08.

Several research firms have recently weighed in on PGY. Canaccord Genuity Group reissued a "buy" rating and set a $42.00 price objective on shares of Pagaya Technologies in a report on Thursday, February 22nd. JMP Securities decreased their price objective on shares of Pagaya Technologies from $30.00 to $25.00 and set a "market outperform" rating for the company in a report on Monday. Wedbush decreased their price objective on shares of Pagaya Technologies from $18.00 to $11.50 and set a "neutral" rating for the company in a report on Friday, March 15th. Finally, Jefferies Financial Group initiated coverage on shares of Pagaya Technologies in a research report on Thursday, December 14th. They set a "buy" rating and a $30.00 target price for the company.

Insider Transactions at Pagaya Technologies

In related news, President Sanjiv Das bought 22,727 shares of the stock in a transaction dated Friday, April 5th. The shares were purchased at an average price of $10.57 per share, with a total value of $240,224.39. Following the completion of the acquisition, the president now owns 22,727 shares of the company's stock, valued at $240,224.39. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, President Sanjiv Das bought 22,727 shares of the stock in a transaction dated Friday, April 5th. The shares were purchased at an average price of $10.57 per share, with a total value of $240,224.39. Following the completion of the acquisition, the president now owns 22,727 shares of the company's stock, valued at $240,224.39. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tami Rosen purchased 10,000 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average cost of $10.47 per share, for a total transaction of $104,700.00. Following the purchase, the insider now owns 28,818 shares of the company's stock, valued at $301,724.46. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 194,807 shares of company stock valued at $2,012,373.

Institutional Investors Weigh In On Pagaya Technologies

A number of hedge funds have recently bought and sold shares of PGY. Millennium Management LLC purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $301,000. Jane Street Group LLC purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $103,000. ExodusPoint Capital Management LP purchased a new stake in shares of Pagaya Technologies in the second quarter valued at $113,000. HRT Financial LP purchased a new stake in shares of Pagaya Technologies in the fourth quarter valued at $66,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Pagaya Technologies by 299,769.2% in the fourth quarter. JPMorgan Chase & Co. now owns 584,745 shares of the company's stock valued at $725,000 after acquiring an additional 584,550 shares during the period. Hedge funds and other institutional investors own 57.14% of the company's stock.

Pagaya Technologies Price Performance

Pagaya Technologies stock remained flat at $11.14 during trading hours on Tuesday. 2,282,641 shares of the company's stock traded hands, compared to its average volume of 1,268,176. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.05. The company has a market cap of $657.82 million, a PE ratio of -5.16 and a beta of 6.67. Pagaya Technologies has a twelve month low of $8.90 and a twelve month high of $33.96. The stock has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $15.08.

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.