Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.61.

A number of equities analysts have commented on PGY shares. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. UBS Group assumed coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 price target for the company. Canaccord Genuity Group reissued a “buy” rating and issued a $25.00 price target on shares of Pagaya Technologies in a report on Thursday, February 13th. JMP Securities upped their price objective on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $14.50 in a report on Friday, February 7th.

Insider Buying and Selling at Pagaya Technologies

In related news, insider Tami Rosen sold 35,369 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $15.00, for a total transaction of $530,535.00. Following the transaction, the insider now owns 38,181 shares in the company, valued at $572,715. This represents a 48.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sanjiv Das sold 6,343 shares of Pagaya Technologies stock in a transaction that occurred 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 completion of the sale, the president now directly owns 75,528 shares of the company’s stock, valued at approximately $753,014.16. This trade represents a 7.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,692 shares of company stock worth $1,205,379. 49.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Pagaya Technologies during the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Pagaya Technologies during the fourth quarter valued at approximately $43,000. Nisa Investment Advisors LLC purchased a new stake in Pagaya Technologies during the fourth quarter valued at approximately $57,000. KLP Kapitalforvaltning AS bought a new position in Pagaya Technologies in the fourth quarter worth approximately $67,000. Finally, BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 3,181 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Price Performance

PGY stock opened at $12.44 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $916.28 million, a P/E ratio of -2.26 and a beta of 5.98. The firm’s fifty day moving average is $11.33 and its 200 day moving average is $10.92. Pagaya Technologies has a 52 week low of $8.20 and a 52 week high of $19.20.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. The company had revenue of $279.39 million for the quarter, compared to the consensus estimate of $264.28 million. During the same period last year, the business posted $0.24 earnings per share. Research analysts predict that Pagaya Technologies will post 0.88 earnings per share for the current year.

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.