Pagaya Technologies (NASDAQ:PGY) Trading Down 4.7%

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report)'s share price dropped 4.7% on Thursday . The stock traded as low as $9.82 and last traded at $9.85. Approximately 158,157 shares changed hands during trading, a decline of 87% from the average daily volume of 1,228,603 shares. The stock had previously closed at $10.34.

Wall Street Analysts Forecast Growth

PGY has been the subject of several research analyst reports. Wedbush decreased their price target on shares of 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 reaffirmed a "buy" rating and set a $42.00 price target on shares of Pagaya Technologies in a research note on Thursday, February 22nd. Finally, JMP Securities decreased their price target on shares of Pagaya Technologies from $30.00 to $25.00 and set a "market outperform" rating for the company in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $38.08.

Pagaya Technologies Trading Down 5.3 %

The company has a market capitalization of $578.10 million, a PE ratio of -4.49 and a beta of 6.66. The company's fifty day moving average is $12.96 and its 200-day moving average is $14.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.05.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, CEO Gal Krubiner acquired 33,600 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The shares were bought at an average cost of $10.36 per share, with a total value of $348,096.00. Following the completion of the acquisition, the chief executive officer now directly owns 523,076 shares in the company, valued at approximately $5,419,067.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CRO Yahav Yulzari purchased 60,000 shares of the business's stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average cost of $10.17 per share, with a total value of $610,200.00. Following the completion of the acquisition, the executive now owns 299,699 shares of the company's stock, valued at $3,047,938.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gal Krubiner purchased 33,600 shares of the business's stock in a transaction on Thursday, April 4th. The stock was purchased at an average cost of $10.36 per share, for a total transaction of $348,096.00. Following the completion of the acquisition, the chief executive officer now directly owns 523,076 shares of the company's stock, valued at approximately $5,419,067.36. The disclosure for this purchase can be found here. Insiders have acquired a total of 194,807 shares of company stock valued at $2,012,373 over the last ninety days. 19.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pagaya Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI grew its holdings in shares of Pagaya Technologies by 44.6% during the third quarter. National Bank of Canada FI now owns 45,664 shares of the company's stock valued at $69,000 after buying an additional 14,092 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Pagaya Technologies during the third quarter valued at $25,000. Geode Capital Management LLC grew its holdings in shares of Pagaya Technologies by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 393,923 shares of the company's stock valued at $488,000 after buying an additional 17,818 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Pagaya Technologies during the third quarter valued at $29,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Pagaya Technologies during the third quarter valued at $32,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

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.