75,000 Shares in Pagaya Technologies Ltd. $PGY Bought by Resolute Capital Asset Partners LLC

Resolute Capital Asset Partners LLC acquired a new position in Pagaya Technologies Ltd. (NASDAQ:PGY) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,000 shares of the company’s stock, valued at approximately $786,000.

A number of other large investors have also recently bought and sold shares of PGY. Frontier Capital Management Co. LLC bought a new stake in Pagaya Technologies in the fourth quarter worth $28,070,000. Point72 Asset Management L.P. boosted its holdings in Pagaya Technologies by 284.3% during the fourth quarter. Point72 Asset Management L.P. now owns 1,198,398 shares of the company’s stock valued at $11,133,000 after acquiring an additional 886,539 shares during the period. Two Sigma Investments LP boosted its holdings in Pagaya Technologies by 359.6% during the fourth quarter. Two Sigma Investments LP now owns 826,119 shares of the company’s stock valued at $7,675,000 after acquiring an additional 646,357 shares during the period. Nuveen LLC bought a new stake in Pagaya Technologies during the first quarter valued at about $6,465,000. Finally, Bank of New York Mellon Corp boosted its holdings in Pagaya Technologies by 446.1% during the first quarter. Bank of New York Mellon Corp now owns 482,018 shares of the company’s stock valued at $5,052,000 after acquiring an additional 393,752 shares during the period. 57.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PGY shares. Citigroup upped their price target on shares of Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a report on Monday, July 21st. Canaccord Genuity Group upped their price target on shares of Pagaya Technologies from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 11th. Oppenheimer upped their price target on shares of Pagaya Technologies from $16.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Benchmark upped their price target on shares of Pagaya Technologies from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, B. Riley upped their price target on shares of Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, August 11th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Pagaya Technologies Stock Up 13.4%

Shares of PGY opened at $33.76 on Friday. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $41.48. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $2.59 billion, a P/E ratio of -8.81 and a beta of 5.95. The company has a 50-day simple moving average of $26.65 and a 200-day simple moving average of $17.52.

Insider Buying and Selling at Pagaya Technologies

In related news, insider Yahav Yulzari sold 241,160 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $4,738,794.00. Following the completion of the transaction, the insider owned 3,846,564 shares of the company’s stock, valued at $75,584,982.60. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Avital Pardo sold 239,989 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $19.65, for a total transaction of $4,715,783.85. Following the sale, the chief technology officer directly owned 802,961 shares of the company’s stock, valued at approximately $15,778,183.65. The trade was a 23.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 878,155 shares of company stock worth $17,372,922. 47.59% of the stock is currently owned by company insiders.

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.