Brokerages Set Pagaya Technologies Ltd. (NASDAQ:PGY) Price Target at $20.00

Pagaya Technologies Ltd. (NASDAQ:PGY) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.00.

A number of research analysts recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $21.00 price target on shares of Pagaya Technologies in a report on Wednesday, October 16th. Oppenheimer started coverage on shares of Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 target price for the company. B. Riley cut their price target on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Canaccord Genuity Group reduced their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, UBS Group started coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 target price on the stock.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 10,683 shares of Pagaya Technologies stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $11.77, for a total transaction of $125,738.91. Following the transaction, the president now directly owns 64,794 shares of the company’s stock, valued at approximately $762,625.38. The trade was a 14.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tami Rosen sold 21,547 shares of Pagaya Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $214,823.59. Following the transaction, the insider now directly owns 73,550 shares of the company’s stock, valued at $733,293.50. This represents a 22.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 235,107 shares of company stock valued at $3,245,015. 49.56% of the stock is currently owned by company insiders.

Institutional Trading of Pagaya Technologies

Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. raised its holdings in shares of Pagaya Technologies by 4,374.9% in the third 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 during the last quarter. Centiva Capital LP purchased a new stake in shares of Pagaya Technologies during the 3rd quarter worth approximately $617,000. Yarra Square Partners LP raised its holdings in shares of Pagaya Technologies by 29.9% in the 2nd quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock worth $7,903,000 after purchasing an additional 142,500 shares during the period. Millennium Management LLC lifted its stake in Pagaya Technologies by 455.9% in the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock valued at $2,789,000 after purchasing an additional 179,235 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in Pagaya Technologies during the second quarter valued at $781,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $8.77 on Thursday. Pagaya Technologies has a 52-week low of $8.20 and a 52-week high of $20.00. 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 has a fifty day moving average price of $10.11 and a two-hundred day moving average price of $11.74. The firm has a market capitalization of $645.96 million, a P/E ratio of -3.45 and a beta of 6.12.

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.