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

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $20.06.

A number of equities research analysts have commented on the stock. Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.00 to $14.50 in a research report on Friday. Benchmark reiterated a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Canaccord Genuity Group decreased their price target on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, UBS Group assumed coverage on shares of Pagaya Technologies in a research note on Friday, December 20th. They issued a “neutral” rating and a $11.00 price objective on the stock.

Pagaya Technologies Trading Up 12.9 %

NASDAQ PGY opened at $12.50 on Monday. The firm has a market cap of $920.75 million, a price-to-earnings ratio of -4.92 and a beta of 6.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies has a one year low of $8.20 and a one year high of $20.00. The firm has a 50 day simple moving average of $9.56 and a 200-day simple moving average of $11.21.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, insider Yahav Yulzari sold 150,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the transaction, the insider now owns 161,637 shares in the company, valued at $2,505,373.50. The trade was a 48.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Evangelos Perros sold 21,305 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $212,410.85. Following the completion of the sale, the chief financial officer now directly owns 54,029 shares of the company’s stock, valued at $538,669.13. The trade was a 28.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,323 shares of company stock valued at $2,999,844 in the last ninety days. Corporate insiders own 49.56% of the company’s stock.

Institutional Trading of Pagaya Technologies

Several large investors have recently bought and sold shares of PGY. R Squared Ltd bought a new position in shares of Pagaya Technologies in the fourth quarter worth $30,000. Nisa Investment Advisors LLC bought a new position in shares of Pagaya Technologies during the 4th quarter valued at $57,000. BNP Paribas Financial Markets boosted its holdings in shares of Pagaya Technologies by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after buying an additional 3,181 shares during the period. Arizona State Retirement System raised its stake in Pagaya Technologies by 10.9% during the 4th 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 last quarter. Finally, Entropy Technologies LP bought a new position in Pagaya Technologies in the fourth quarter worth $114,000. Institutional investors and hedge funds 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.