Themes Management Co LLC Makes New Investment in Pagaya Technologies Ltd. $PGY

Themes Management Co LLC purchased a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 44,300 shares of the company’s stock, valued at approximately $516,000. Themes Management Co LLC owned approximately 0.05% of Pagaya Technologies as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Main Management ETF Advisors LLC grew its holdings in shares of Pagaya Technologies by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 72,036 shares of the company’s stock worth $1,506,000 after purchasing an additional 736 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Pagaya Technologies by 5.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,493 shares of the company’s stock valued at $345,000 after purchasing an additional 790 shares in the last quarter. MetLife Investment Management LLC lifted its position in Pagaya Technologies by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 27,845 shares of the company’s stock valued at $582,000 after purchasing an additional 867 shares during the last quarter. Franklin Resources Inc. lifted its position in Pagaya Technologies by 4.8% during the third quarter. Franklin Resources Inc. now owns 22,766 shares of the company’s stock valued at $676,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd grew its stake in Pagaya Technologies by 351.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock worth $29,000 after buying an additional 1,084 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Insider Buying and Selling

In related news, President Sanjiv Das sold 14,000 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $15.83, for a total transaction of $221,620.00. Following the transaction, the president owned 165,475 shares of the company’s stock, valued at approximately $2,619,469.25. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tami Rosen sold 9,944 shares of Pagaya Technologies stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $15.20, for a total transaction of $151,148.80. Following the completion of the transaction, the director owned 37,544 shares in the company, valued at approximately $570,668.80. The trade was a 20.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 58,090 shares of company stock worth $923,764 in the last ninety days. 41.99% of the stock is currently owned by insiders.

Pagaya Technologies Stock Down 2.3%

Shares of PGY opened at $15.89 on Friday. The firm has a market cap of $1.32 billion, a P/E ratio of 14.85 and a beta of 5.32. The stock has a 50 day simple moving average of $15.80 and a two-hundred day simple moving average of $15.28. The company has a debt-to-equity ratio of 1.25, a current ratio of 12.09 and a quick ratio of 12.09. Pagaya Technologies Ltd. has a 1 year low of $10.40 and a 1 year high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. The business had revenue of $91.63 million for the quarter. Pagaya Technologies had a net margin of 7.39% and a return on equity of 44.75%. On average, analysts forecast that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $32.00 price target on shares of Pagaya Technologies in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $35.86.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.