Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Purchases 23,600 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari bought 23,600 shares of the business’s stock in a transaction on Monday, September 30th. The stock was bought at an average price of $10.52 per share, for a total transaction of $248,272.00. Following the transaction, the insider now directly owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Yahav Yulzari also recently made the following trade(s):

• On Friday, August 9th, Yahav Yulzari sold 11,662 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.78, for a total value of $184,026.36.

Pagaya Technologies Trading Down 2.3 %

PGY stock traded down $0.23 during midday trading on Wednesday, hitting $9.90. The stock had a trading volume of 1,250,438 shares, compared to its average volume of 1,258,556. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.72. The firm has a market cap of $701.91 million, a P/E ratio of -7.01 and a beta of 6.36. The business has a fifty day moving average price of $12.44 and a two-hundred day moving average price of $12.06. Pagaya Technologies Ltd. has a 1-year low of $8.56 and a 1-year high of $20.50.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.15) earnings per share (EPS) 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 analyst estimates of $239.16 million. On average, sell-side analysts predict that Pagaya Technologies Ltd. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wedbush reiterated a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a research report on Monday, August 12th. Canaccord Genuity Group reduced their target price on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, September 30th. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price target on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods started coverage on shares of Pagaya Technologies in a report on Monday, June 17th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Oppenheimer assumed coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $22.89.

Institutional Trading of Pagaya Technologies

Several hedge funds have recently modified their holdings of PGY. nVerses Capital LLC acquired a new stake in Pagaya Technologies in the second quarter valued at approximately $74,000. SG Americas Securities LLC bought a new stake in Pagaya Technologies during the 2nd quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Pagaya Technologies during the second quarter worth $166,000. The Manufacturers Life Insurance Company bought a new position in shares of Pagaya Technologies in the second quarter valued at $187,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Pagaya Technologies in the first quarter valued at $158,000. 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.