Nisa Investment Advisors LLC Acquires Shares of 6,097 Pagaya Technologies Ltd. (NASDAQ:PGY)

Nisa Investment Advisors LLC bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,097 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Pagaya Technologies by 502.5% during the third quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company’s stock worth $1,610,000 after buying an additional 127,012 shares during the last quarter. Tidal Investments LLC grew its holdings in Pagaya Technologies by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock worth $437,000 after acquiring an additional 1,826 shares during the period. Virtu Financial LLC bought a new stake in shares of Pagaya Technologies during the 3rd quarter valued at $223,000. Geode Capital Management LLC lifted its stake in shares of Pagaya Technologies by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock valued at $6,310,000 after purchasing an additional 43,068 shares during the period. Finally, State Street Corp boosted its position in shares of Pagaya Technologies by 14.6% in the 3rd quarter. State Street Corp now owns 763,823 shares of the company’s stock worth $8,074,000 after purchasing an additional 97,135 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Price Performance

NASDAQ PGY opened at $9.28 on Friday. 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 Ltd. has a 52-week low of $8.20 and a 52-week high of $20.00. The business has a 50 day simple moving average of $9.59 and a 200 day simple moving average of $11.36. The stock has a market cap of $683.53 million, a price-to-earnings ratio of -3.65 and a beta of 6.12.

Insider Transactions at Pagaya Technologies

In other news, CFO Evangelos Perros sold 21,305 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $212,410.85. Following the sale, the chief financial officer now owns 54,029 shares of the company’s stock, valued at $538,669.13. The trade was a 28.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Sanjiv Das sold 6,343 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $63,239.71. Following the transaction, the president now owns 75,528 shares of the company’s stock, valued at $753,014.16. The trade was a 7.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 214,136 shares of company stock valued at $2,971,828 over the last quarter. Corporate insiders own 49.56% of the company’s stock.

Wall Street Analyst Weigh In

PGY has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Pagaya Technologies in a report on Friday, December 20th. They issued a “neutral” rating and a $11.00 price objective for the company. Canaccord Genuity Group lowered their price target on 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, Benchmark reiterated a “buy” rating and issued a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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.