10,000 Shares in Pagaya Technologies Ltd. (NASDAQ:PGY) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $93,000.

Several other institutional investors and hedge funds have also bought and sold shares of PGY. Frontier Capital Management Co. LLC acquired a new position in shares of Pagaya Technologies in the 4th quarter valued at approximately $28,070,000. JPMorgan Chase & Co. raised its position in Pagaya Technologies by 310.6% during the fourth quarter. JPMorgan Chase & Co. now owns 625,351 shares of the company’s stock valued at $5,810,000 after purchasing an additional 473,063 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Pagaya Technologies during the fourth quarter worth $2,701,000. Portolan Capital Management LLC acquired a new stake in shares of Pagaya Technologies in the 4th quarter valued at $2,525,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Pagaya Technologies by 1,249.2% in the 4th quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company’s stock valued at $1,223,000 after purchasing an additional 121,880 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 12,789 shares of the company’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $9.35, for a total transaction of $119,577.15. Following the sale, the president now owns 105,817 shares of the company’s stock, valued at approximately $989,388.95. This represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Avital Pardo sold 237,748 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $15.16, for a total value of $3,604,259.68. Following the sale, the chief technology officer now owns 2,401,528 shares of the company’s stock, valued at approximately $36,407,164.48. The trade was a 9.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 488,541 shares of company stock worth $7,331,977 over the last ninety days. Insiders own 47.59% of the company’s stock.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $14.30 on Monday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -2.60 and a beta of 5.88. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $19.20. The company’s fifty day moving average is $11.10 and its 200 day moving average is $10.82. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly 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 company 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 previous year, the company posted $0.24 EPS. Sell-side analysts forecast that Pagaya Technologies Ltd. will post 0.88 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.00 to $14.50 in a research report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Thursday, February 13th. B. Riley reissued a “buy” rating and issued a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. JMP Securities raised their target price 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. Finally, Benchmark reiterated a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.61.

Pagaya Technologies 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.