Quantinno Capital Management LP Has $901,000 Stock Position in Pagaya Technologies Ltd. $PGY

Quantinno Capital Management LP boosted its holdings in Pagaya Technologies Ltd. (NASDAQ:PGY) by 357.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,324 shares of the company’s stock after buying an additional 60,418 shares during the quarter. Quantinno Capital Management LP owned approximately 0.09% of Pagaya Technologies worth $901,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd grew its holdings in shares of Pagaya Technologies by 351.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after purchasing an additional 1,084 shares during the last quarter. Transamerica Financial Advisors LLC bought a new stake in shares of Pagaya Technologies during the 4th quarter valued at approximately $30,000. Quarry LP increased its position in Pagaya Technologies by 330.8% during the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock worth $35,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in Pagaya Technologies during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $21.56 on Monday. The business has a 50 day moving average of $17.65 and a 200-day moving average of $14.90. The company has a market capitalization of $1.80 billion, a P/E ratio of 15.85 and a beta of 5.33. Pagaya Technologies Ltd. has a 1 year low of $10.40 and a 1 year high of $44.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 11.08 and a quick ratio of 11.08.

Insider Activity

In other Pagaya Technologies news, President Sanjiv Das sold 21,289 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $22.00, for a total transaction of $468,358.00. Following the sale, the president directly owned 144,186 shares of the company’s stock, valued at $3,172,092. The trade was a 12.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Evangelos Perros sold 11,558 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $16.23, for a total transaction of $187,586.34. Following the completion of the transaction, the insider owned 131,241 shares of the company’s stock, valued at approximately $2,130,041.43. This trade represents a 8.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 107,560 shares of company stock worth $2,011,541. Company insiders own 41.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. B. Riley Financial increased their price objective on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citizens Jmp upped their price target on shares of Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Canaccord Genuity Group increased their price target on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research raised Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Pagaya Technologies presently has a consensus rating of “Buy” and an average target price of $32.43.

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.