Pagaya Technologies Ltd. (NASDAQ:PGY) Director Dan Petrozzo Sells 8,484 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) Director Dan Petrozzo sold 8,484 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $30.15, for a total transaction of $255,792.60. Following the completion of the transaction, the director directly owned 96,278 shares in the company, valued at approximately $2,902,781.70. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Pagaya Technologies Price Performance

NASDAQ PGY traded up $1.62 on Friday, reaching $31.12. 5,864,389 shares of the company's stock traded hands, compared to its average volume of 2,116,741. The stock has a market cap of $2.36 billion, a PE ratio of -6.14 and a beta of 5.93. Pagaya Technologies Ltd. has a 12 month low of $8.20 and a 12 month high of $31.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a 50-day simple moving average of $19.10 and a 200 day simple moving average of $13.74.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Pagaya Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Benchmark upped their target price on shares of Pagaya Technologies from $25.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday. Stephens began coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price target on the stock. Finally, Oppenheimer boosted their price target on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.15.

Institutional Trading of Pagaya Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB purchased a new position in Pagaya Technologies during the second quarter valued at $25,000. Virtus Advisers LLC purchased a new position in shares of Pagaya Technologies in the 1st quarter worth about $35,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Pagaya Technologies in the 4th quarter worth about $43,000. GAMMA Investing LLC raised its position in shares of Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after purchasing an additional 4,345 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Pagaya Technologies in the 4th quarter worth about $67,000. Hedge funds and other institutional investors own 57.14% of the company's stock.

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.