Pagaya Technologies (NASDAQ:PGY) Trading Up 3.1%

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report)'s share price traded up 3.1% on Wednesday . The stock traded as high as $10.23 and last traded at $10.17. 113,746 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,232,676 shares. The stock had previously closed at $9.86.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Canaccord Genuity Group reissued a "buy" rating and issued a $42.00 target price on shares of Pagaya Technologies in a report on Thursday, February 22nd. Wedbush dropped their price target on Pagaya Technologies from $18.00 to $11.50 and set a "neutral" rating on the stock in a research report on Friday, March 15th. Finally, JMP Securities dropped their price target on Pagaya Technologies from $30.00 to $25.00 and set a "market outperform" rating on the stock in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.08.

Pagaya Technologies Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.05 and a current ratio of 4.05. The company has a 50-day simple moving average of $13.01 and a 200-day simple moving average of $14.73. The company has a market cap of $610.58 million, a price-to-earnings ratio of -4.79 and a beta of 6.66.

Insider Buying and Selling

In other news, CRO Yahav Yulzari purchased 60,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were acquired at an average price of $10.17 per share, for a total transaction of $610,200.00. Following the acquisition, the executive now directly owns 299,699 shares in the company, valued at approximately $3,047,938.83. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CTO Avital Pardo bought 38,480 shares of Pagaya Technologies stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average price of $10.36 per share, with a total value of $398,652.80. Following the purchase, the chief technology officer now owns 444,926 shares in the company, valued at $4,609,433.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Yahav Yulzari bought 60,000 shares of Pagaya Technologies stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average cost of $10.17 per share, for a total transaction of $610,200.00. Following the purchase, the executive now owns 299,699 shares in the company, valued at approximately $3,047,938.83. The disclosure for this purchase can be found here. Insiders have bought a total of 194,807 shares of company stock worth $2,012,373 in the last quarter.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI lifted its stake in shares of Pagaya Technologies by 44.6% during the 3rd quarter. National Bank of Canada FI now owns 45,664 shares of the company's stock worth $69,000 after purchasing an additional 14,092 shares during the period. Walleye Capital LLC purchased a new position in shares of Pagaya Technologies during the 3rd quarter worth $25,000. Geode Capital Management LLC lifted its stake in shares of Pagaya Technologies by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 393,923 shares of the company's stock worth $488,000 after purchasing an additional 17,818 shares during the period. HighTower Advisors LLC purchased a new position in shares of Pagaya Technologies during the 3rd quarter worth $29,000. Finally, Pathstone Family Office LLC purchased a new position in shares of Pagaya Technologies during the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 57.14% of the company's stock.

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.