Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros Sells 11,768 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) CFO Evangelos Perros sold 11,768 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $17.90, for a total value of $210,647.20. Following the completion of the transaction, the chief financial officer now directly owns 72,859 shares in the company, valued at $1,304,176.10. The trade was a 13.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pagaya Technologies Trading Up 2.7%

PGY stock traded up $0.50 during midday trading on Thursday, reaching $18.85. The company's stock had a trading volume of 1,406,417 shares, compared to its average volume of 1,967,509. The business's 50-day simple moving average is $13.99 and its 200-day simple moving average is $11.79. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20. The stock has a market cap of $1.43 billion, a PE ratio of -3.72 and a beta of 5.93.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. B. Riley reissued a "buy" rating and set a $36.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, Stephens assumed coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Institutional Investors Weigh In On Pagaya Technologies

A number of institutional investors have recently made changes to their positions in PGY. Virtus Advisers LLC bought a new position in Pagaya Technologies during the first quarter worth about $35,000. Pilgrim Partners Asia Pte Ltd bought a new position in Pagaya Technologies during the 4th quarter worth approximately $43,000. GAMMA Investing LLC grew its holdings in Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock valued at $46,000 after purchasing an additional 4,345 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Pagaya Technologies in the fourth quarter valued at approximately $67,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Pagaya Technologies in the fourth quarter worth $93,000. 57.14% of the stock is owned by institutional investors and hedge funds.

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.