Commonwealth Equity Services LLC Buys 3,965 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY)

Commonwealth Equity Services LLC raised its position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 21.0% in the fourth quarter, HoldingsChannel reports. The firm owned 22,828 shares of the company’s stock after buying an additional 3,965 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Pagaya Technologies were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Pagaya Technologies in the 4th quarter worth $30,000. Nisa Investment Advisors LLC purchased a new position in Pagaya Technologies in the fourth quarter worth about $57,000. BNP Paribas Financial Markets increased its stake in Pagaya Technologies by 48.4% during the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after acquiring an additional 3,181 shares during the last quarter. Arizona State Retirement System raised its position in Pagaya Technologies by 10.9% during the fourth quarter. Arizona State Retirement System now owns 11,154 shares of the company’s stock valued at $104,000 after purchasing an additional 1,092 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $114,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Price Performance

NASDAQ PGY opened at $10.14 on Thursday. The company has a market cap of $763.52 million, a price-to-earnings ratio of -1.84 and a beta of 5.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s fifty day moving average price is $11.68 and its 200 day moving average price is $10.74. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $19.20.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.32). The business had revenue of $279.39 million during the quarter, compared to analyst estimates of $264.28 million. Pagaya Technologies had a positive return on equity of 0.82% and a negative net margin of 39.20%. During the same quarter last year, the company posted $0.24 EPS. As a group, equities research analysts forecast that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current year.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 7,282 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.85, for a total value of $64,445.70. Following the sale, the president now owns 91,163 shares in the company, valued at approximately $806,792.55. This represents a 7.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tami Rosen sold 35,369 shares of Pagaya Technologies stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $15.00, for a total transaction of $530,535.00. Following the transaction, the insider now directly owns 38,181 shares of the company’s stock, valued at approximately $572,715. This trade represents a 48.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,497 shares of company stock worth $714,905 over the last three months. Company insiders own 49.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PGY shares. B. Riley reaffirmed a “buy” rating and set a $36.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. UBS Group started coverage on Pagaya Technologies in a research note on Friday, December 20th. They issued a “neutral” rating and a $11.00 target price on the stock. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $14.50 in a research report on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Pagaya Technologies presently has an average rating of “Moderate Buy” and an average target price of $20.61.

Pagaya Technologies Company Profile

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.