Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Buys $104,700.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen purchased 10,000 shares of the stock in a transaction dated Friday, April 5th. The shares were purchased at an average cost of $10.47 per share, for a total transaction of $104,700.00. Following the completion of the acquisition, the insider now directly owns 28,818 shares in the company, valued at $301,724.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Pagaya Technologies Price Performance

PGY stock remained flat at $11.14 during trading on Tuesday. The company's stock had a trading volume of 2,282,641 shares, compared to its average volume of 1,268,176. Pagaya Technologies Ltd. has a 1-year low of $8.90 and a 1-year high of $33.96. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.49. The firm has a market cap of $657.82 million, a P/E ratio of -5.16 and a beta of 6.67. The company has a 50-day moving average price of $13.39 and a two-hundred day moving average price of $15.08.

Institutional Investors Weigh In On Pagaya Technologies

A number of institutional investors have recently bought and sold shares of PGY. Nuveen Asset Management LLC bought a new position in shares of Pagaya Technologies during the 4th quarter valued at about $7,713,000. Yarra Square Partners LP bought a new position in shares of Pagaya Technologies during the 4th quarter valued at about $4,099,000. JTC Employer Solutions Trustee Ltd boosted its holdings in shares of Pagaya Technologies by 143.8% during the 3rd quarter. JTC Employer Solutions Trustee Ltd now owns 2,761,840 shares of the company's stock valued at $4,364,000 after purchasing an additional 1,629,156 shares during the last quarter. Capricorn Fund Managers Ltd bought a new position in shares of Pagaya Technologies during the 3rd quarter valued at about $2,436,000. Finally, ARK Investment Management LLC bought a new position in shares of Pagaya Technologies during the 3rd quarter valued at about $1,482,000. Hedge funds and other institutional investors own 57.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PGY shares. Jefferies Financial Group started coverage on Pagaya Technologies in a report on Thursday, December 14th. They set a "buy" rating and a $30.00 price target on the stock. Wedbush reduced their price objective on Pagaya Technologies from $18.00 to $11.50 and set a "neutral" rating for the company in a research note on Friday, March 15th. Canaccord Genuity Group restated a "buy" rating and issued a $42.00 price objective on shares of Pagaya Technologies in a research note on Thursday, February 22nd. Finally, JMP Securities reduced their price objective on Pagaya Technologies from $30.00 to $25.00 and set a "market outperform" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.08.

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.