Tami Rosen Sells 13,814 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) insider Tami Rosen sold 13,814 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $17.68, for a total value of $244,231.52. Following the sale, the insider now owns 38,181 shares of the company's stock, valued at approximately $675,040.08. This represents a 26.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Pagaya Technologies Trading Up 1.1%

Shares of PGY traded up $0.20 during mid-day trading on Wednesday, reaching $18.19. 2,082,174 shares of the company were exchanged, compared to its average volume of 1,946,434. The business has a 50 day simple moving average of $12.92 and a two-hundred day simple moving average of $11.47. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $1.38 billion, a PE ratio of -3.31 and a beta of 5.93. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PGY. IFP Advisors Inc raised its stake in Pagaya Technologies by 80.7% during the fourth quarter. IFP Advisors Inc now owns 13,265 shares of the company's stock worth $123,000 after buying an additional 5,925 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Pagaya Technologies by 1,249.2% in the 4th quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company's stock worth $1,223,000 after acquiring an additional 121,880 shares in the last quarter. Barclays PLC acquired a new position in shares of Pagaya Technologies in the 4th quarter valued at about $595,000. Rhumbline Advisers lifted its stake in shares of Pagaya Technologies by 14.7% in the 4th quarter. Rhumbline Advisers now owns 75,620 shares of the company's stock valued at $703,000 after purchasing an additional 9,674 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Pagaya Technologies by 9.7% during the 4th quarter. Bank of America Corp DE now owns 144,097 shares of the company's stock valued at $1,339,000 after purchasing an additional 12,760 shares in the last quarter. Institutional investors own 57.14% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PGY. JMP Securities increased their price objective on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Canaccord Genuity Group reissued a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a report on Thursday, February 13th. B. Riley restated a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, Benchmark reiterated a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $20.61.

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.