PDT Partners LLC Has $334,000 Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

PDT Partners LLC decreased its position in Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) by 50.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,991 shares of the company's stock after selling 37,146 shares during the quarter. PDT Partners LLC's holdings in Pagaya Technologies were worth $334,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. 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 during the period. Arizona State Retirement System lifted its stake 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 worth $104,000 after acquiring an additional 1,092 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Pagaya Technologies by 15.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company's stock valued at $101,000 after purchasing an additional 1,532 shares during the last quarter. Tidal Investments LLC grew its stake in Pagaya Technologies by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 41,322 shares of the company's stock valued at $437,000 after purchasing an additional 1,826 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Pagaya Technologies during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 57.14% of the company's stock.

Pagaya Technologies Stock Performance

Pagaya Technologies stock traded up $2.45 on Thursday, reaching $13.70. 3,353,658 shares of the stock were exchanged, compared to its average volume of 1,822,154. The stock has a market cap of $1.03 billion, a PE ratio of -2.49 and a beta of 5.88. The firm has a fifty day moving average price of $10.56 and a two-hundred day moving average price of $10.71. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $19.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.32). Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. The firm had revenue of $279.39 million during the quarter, compared to analyst estimates of $264.28 million. During the same period last year, the company earned $0.24 EPS. Sell-side analysts anticipate that Pagaya Technologies Ltd. will post 0.88 EPS for the current year.

Insider Activity at Pagaya Technologies

In related news, insider Tami Rosen sold 35,369 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $15.00, for a total value of $530,535.00. Following the completion of the sale, the insider now owns 38,181 shares in the company, valued at $572,715. This represents a 48.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Sanjiv Das sold 12,789 shares of the business's stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $9.35, for a total value of $119,577.15. Following the completion of the transaction, the president now directly owns 105,817 shares of the company's stock, valued at approximately $989,388.95. The trade was a 10.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,004 shares of company stock valued at $770,036 over the last ninety days. 49.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Benchmark reiterated a "buy" rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. B. Riley reiterated a "buy" rating and issued a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Citigroup upgraded Pagaya Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Canaccord Genuity Group reiterated a "buy" rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Thursday, February 13th. Finally, JMP Securities raised their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Pagaya Technologies presently 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.