Squarepoint Ops LLC Has $1.38 Million Stock Holdings in Pagaya Technologies Ltd. (NASDAQ:PGY)

Squarepoint Ops LLC decreased its stake in Pagaya Technologies Ltd. (NASDAQ:PGY) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,778 shares of the company’s stock after selling 12,250 shares during the period. Squarepoint Ops LLC owned 0.15% of Pagaya Technologies worth $1,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC acquired a new stake in Pagaya Technologies during the 2nd quarter valued at $74,000. SG Americas Securities LLC bought a new position in shares of Pagaya Technologies in the second quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Pagaya Technologies during the 2nd quarter worth about $166,000. Cubist Systematic Strategies LLC lifted its stake in shares of Pagaya Technologies by 50.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock worth $559,000 after buying an additional 14,629 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Pagaya Technologies during the 1st quarter worth about $158,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PGY. JMP Securities reiterated a “market outperform” rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Wedbush reiterated a “neutral” rating and set a $13.00 price objective on shares of Pagaya Technologies in a research report on Monday, August 12th. Keefe, Bruyette & Woods initiated coverage on shares of Pagaya Technologies in a research report on Monday, June 17th. They issued an “outperform” rating and a $23.00 target price for the company. Canaccord Genuity Group decreased their price target on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, Benchmark started coverage on shares of Pagaya Technologies in a research note on Monday, August 26th. They issued a “buy” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Pagaya Technologies has an average rating of “Moderate Buy” and an average target price of $22.89.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $10.41 on Friday. The business has a 50-day simple moving average of $12.61 and a 200 day simple moving average of $12.06. The firm has a market capitalization of $738.07 million, a price-to-earnings ratio of -7.38 and a beta of 6.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 1.50. Pagaya Technologies Ltd. has a one year low of $8.56 and a one year high of $20.50.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). Pagaya Technologies had a negative net margin of 14.58% and a negative return on equity of 3.10%. The business had revenue of $250.34 million during the quarter, compared to the consensus estimate of $239.16 million. On average, research analysts anticipate that Pagaya Technologies Ltd. will post -0.11 earnings per share for the current fiscal year.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, CRO Yahav Yulzari sold 11,662 shares of Pagaya Technologies stock in a transaction on Friday, August 9th. The shares were sold at an average price of $15.78, for a total transaction of $184,026.36. Following the transaction, the executive now directly owns 288,037 shares of the company’s stock, valued at $4,545,223.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pagaya Technologies news, CTO Avital Pardo sold 11,601 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $15.83, for a total value of $183,643.83. Following the transaction, the chief technology officer now directly owns 433,125 shares in the company, valued at $6,856,368.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Yahav Yulzari sold 11,662 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $15.78, for a total value of $184,026.36. Following the completion of the transaction, the executive now owns 288,037 shares in the company, valued at approximately $4,545,223.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 66,453 shares of company stock valued at $973,545. 19.70% of the stock is owned by insiders.

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.