Pagaya Technologies Ltd. (NASDAQ:PGY) Receives $21.94 Consensus PT from Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $21.94.

Several brokerages have commented on PGY. Oppenheimer lifted their price objective on shares of Pagaya Technologies from $16.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday. JMP Securities restated a "market outperform" rating and set a $26.00 target price on shares of Pagaya Technologies in a research report on Tuesday, June 24th. 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 on the stock. Benchmark reaffirmed a "buy" rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, B. Riley reiterated a "buy" rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Yahav Yulzari sold 52,867 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $20.24, for a total transaction of $1,070,028.08. Following the sale, the insider directly owned 4,087,724 shares in the company, valued at $82,735,533.76. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Evangelos Perros sold 12,755 shares of the company's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $22.57, for a total value of $287,880.35. Following the completion of the transaction, the chief financial officer directly owned 82,870 shares of the company's stock, valued at $1,870,375.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,345,470 shares of company stock worth $24,118,452. 47.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PGY. Invesco Ltd. increased its stake in Pagaya Technologies by 1.8% during the 4th quarter. Invesco Ltd. now owns 48,030 shares of the company's stock worth $446,000 after buying an additional 864 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Pagaya Technologies by 10.9% in the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company's stock valued at $104,000 after acquiring an additional 1,092 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company's stock worth $130,000 after acquiring an additional 1,094 shares during the last quarter. Swiss National Bank increased its position in shares of Pagaya Technologies by 1.7% during the first quarter. Swiss National Bank now owns 76,883 shares of the company's stock worth $806,000 after purchasing an additional 1,300 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in shares of Pagaya Technologies by 15.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock worth $101,000 after purchasing an additional 1,532 shares in the last quarter. Hedge funds and other institutional investors own 57.14% of the company's stock.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock traded down $0.03 on Thursday, reaching $22.15. 2,818,390 shares of the stock were exchanged, compared to its average volume of 2,023,513. The business has a 50 day moving average price of $16.57 and a two-hundred day moving average price of $12.66. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -4.37 and a beta of 5.93. Pagaya Technologies has a twelve month low of $8.20 and a twelve month high of $23.45. 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 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.