Moody National Bank Trust Division Purchases New Holdings in Pagaya Technologies Ltd. $PGY

Moody National Bank Trust Division purchased a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,312 shares of the company’s stock, valued at approximately $841,000.

Several other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Pagaya Technologies during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its holdings in Pagaya Technologies by 35.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock valued at $42,000 after buying an additional 520 shares during the period. Virtus Advisers LLC bought a new stake in Pagaya Technologies in the 1st quarter valued at $35,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Pagaya Technologies by 77.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,435 shares of the company’s stock valued at $95,000 after buying an additional 1,935 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Pagaya Technologies by 21.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,363 shares of the company’s stock worth $114,000 after acquiring an additional 938 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 4,783 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total value of $144,446.60. Following the transaction, the president owned 100,640 shares of the company’s stock, valued at approximately $3,039,328. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Evangelos Perros sold 12,754 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total value of $385,170.80. Following the sale, the chief financial officer owned 78,163 shares in the company, valued at $2,360,522.60. The trade was a 14.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 32,563 shares of company stock worth $991,366. 47.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Zacks Research downgraded Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Canaccord Genuity Group upped their price objective on Pagaya Technologies from $36.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Benchmark restated a “buy” rating and set a $48.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Pagaya Technologies Stock Performance

NASDAQ PGY opened at $22.93 on Friday. Pagaya Technologies Ltd. has a 1-year low of $8.27 and a 1-year high of $44.99. The company has a 50 day moving average of $25.33 and a 200-day moving average of $27.73. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.16. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -8.59 and a beta of 5.84.

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.