Pagaya Technologies (NASDAQ:PGY) Director Sells $29,183.55 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 1,265 shares of Pagaya Technologies stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $23.07, for a total value of $29,183.55. Following the completion of the transaction, the director directly owned 15,400 shares of the company’s stock, valued at approximately $355,278. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tami Rosen also recently made the following trade(s):

• On Monday, August 3rd, Tami Rosen sold 28,181 shares of Pagaya Technologies stock. The stock was sold at an average price of $21.98, for a total transaction of $619,418.38.
• On Monday, June 22nd, Tami Rosen sold 9,944 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.20, for a total transaction of $151,148.80.
• On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The shares were sold at an average price of $16.23, for a total value of $92,202.63.

Pagaya Technologies Stock Up 0.4%

Pagaya Technologies stock opened at $22.98 on Friday. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99. The stock has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $15.40. The company has a current ratio of 11.08, a quick ratio of 11.08 and a debt-to-equity ratio of 1.12. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 16.90 and a beta of 5.35.

Analyst Ratings Changes

A number of brokerages have recently commented on PGY. Canaccord Genuity Group lifted their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Jefferies Financial Group boosted their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Citizens Jmp raised their price target on Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $31.25.

Institutional Investors Weigh In On Pagaya Technologies

A number of hedge funds have recently modified their holdings of PGY. Empowered Funds LLC raised its stake in shares of Pagaya Technologies by 4,562.7% in the first quarter. Empowered Funds LLC now owns 116,661 shares of the company’s stock worth $1,359,000 after buying an additional 114,159 shares during the period. SPX Gestao de Recursos Ltda increased its holdings in Pagaya Technologies by 49.7% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company’s stock valued at $2,098,000 after acquiring an additional 59,800 shares during the last quarter. SG Americas Securities LLC bought a new position in Pagaya Technologies during the first quarter valued at approximately $1,426,000. Q Global Advisors LLC lifted its position in Pagaya Technologies by 324.8% during the first quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock valued at $6,262,000 after purchasing an additional 410,996 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of Pagaya Technologies by 353.2% during the 1st quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock valued at $4,354,000 after buying an additional 291,291 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

About Pagaya Technologies

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.