Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das Sells 12,789 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 12,789 shares of the business’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $9.35, for a total value of $119,577.15. Following the transaction, the president now directly owns 105,817 shares in the company, valued at $989,388.95. This trade represents a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sanjiv Das also recently made the following trade(s):

• On Friday, January 17th, Sanjiv Das sold 7,282 shares of Pagaya Technologies stock. The stock was sold at an average price of $8.85, for a total value of $64,445.70.

Pagaya Technologies Trading Up 1.8 %

PGY opened at $9.46 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. The firm has a market cap of $711.94 million, a P/E ratio of -1.72 and a beta of 5.89. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20. The business has a fifty day simple moving average of $11.49 and a 200-day simple moving average of $10.69.

Pagaya Technologies (NASDAQ:PGY) last released its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.32). The firm had revenue of $279.39 million during the quarter, compared to analyst estimates of $264.28 million. Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. During the same period in the prior year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Pagaya Technologies in the 4th quarter valued at about $30,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Pagaya Technologies in the fourth quarter worth approximately $43,000. GAMMA Investing LLC grew its holdings in Pagaya Technologies by 5,431.3% during the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after acquiring an additional 4,345 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Pagaya Technologies during the 4th quarter worth approximately $57,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $67,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $36.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. JMP Securities lifted their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. UBS Group initiated coverage on Pagaya Technologies in a research report on Friday, December 20th. They issued a “neutral” rating and a $11.00 price objective for the company. Citigroup raised Pagaya Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Finally, 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.61.

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.