Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $22.11.

Several research analysts have commented on PGY shares. JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a research note on Monday, August 12th. B. Riley cut their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Canaccord Genuity Group dropped their price target on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Oppenheimer assumed coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price target for the company.

Pagaya Technologies Trading Up 0.5 %

Shares of PGY opened at $8.62 on Wednesday. The business has a 50-day moving average of $11.44 and a 200 day moving average of $12.33. Pagaya Technologies has a fifty-two week low of $8.20 and a fifty-two week high of $20.50. The firm has a market cap of $619.09 million, a P/E ratio of -3.39 and a beta of 6.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Insider Activity

In other Pagaya Technologies news, insider Tami Rosen sold 17,570 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $12.06, for a total transaction of $211,894.20. Following the completion of the transaction, the insider now owns 73,516 shares in the company, valued at $886,602.96. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Yahav Yulzari purchased 23,600 shares of the business’s stock in a transaction on Monday, September 30th. The shares were purchased at an average price of $10.52 per share, with a total value of $248,272.00. Following the acquisition, the insider now directly owns 311,637 shares in the company, valued at $3,278,421.24. This represents a 8.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 186,045 shares of company stock valued at $2,755,982 over the last ninety days. 49.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pagaya Technologies

A number of large investors have recently bought and sold shares of PGY. Geode Capital Management LLC raised its position in Pagaya Technologies by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock valued at $6,310,000 after purchasing an additional 43,068 shares in the last quarter. State Street Corp raised its position in Pagaya Technologies by 14.6% during the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock valued at $8,074,000 after purchasing an additional 97,135 shares in the last quarter. Point72 Asset Management L.P. raised its position in Pagaya Technologies by 4,374.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock valued at $3,296,000 after purchasing an additional 304,890 shares in the last quarter. Centiva Capital LP bought a new stake in Pagaya Technologies during the 3rd quarter valued at $617,000. Finally, Arizona PSPRS Trust bought a new stake in Pagaya Technologies during the 3rd quarter valued at $2,183,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

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.