Landscape Capital Management L.L.C. Takes $1.82 Million Position in Pagaya Technologies Ltd. $PGY

Landscape Capital Management L.L.C. bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 4th quarter, Holdings Channel.com reports. The fund bought 87,260 shares of the company’s stock, valued at approximately $1,824,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management acquired a new stake in shares of Pagaya Technologies in the 3rd quarter valued at $36,000. Root Financial Partners LLC acquired a new stake in shares of Pagaya Technologies in the 4th quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Pagaya Technologies in the 4th quarter valued at $30,000. Quarry LP increased its stake in shares of Pagaya Technologies by 330.8% in the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after buying an additional 1,277 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of Pagaya Technologies in the 4th quarter valued at $52,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Pagaya Technologies Stock Performance

Shares of Pagaya Technologies stock opened at $15.68 on Tuesday. The company has a market capitalization of $1.30 billion, a PE ratio of 14.65 and a beta of 5.35. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. The stock’s fifty day simple moving average is $13.89 and its 200 day simple moving average is $16.49.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%.The business had revenue of $91.63 million for the quarter. On average, research analysts predict that Pagaya Technologies Ltd. will post 2.92 EPS for the current year.

Insider Buying and Selling at Pagaya Technologies

In other news, Director Tami Rosen sold 9,720 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $15.14, for a total transaction of $147,160.80. Following the completion of the transaction, the director directly owned 37,544 shares of the company’s stock, valued at $568,416.16. This trade represents a 20.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Evangelos Perros sold 13,004 shares of Pagaya Technologies stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $11.34, for a total transaction of $147,465.36. Following the completion of the sale, the chief financial officer owned 122,174 shares in the company, valued at $1,385,453.16. This trade represents a 9.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 24,864 shares of company stock worth $326,748. Corporate insiders own 47.59% of the company’s stock.

Analyst Ratings Changes

PGY has been the subject of several research reports. Zacks Research raised Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $32.00 price objective on shares of Pagaya Technologies in a research note on Monday, May 18th. Finally, Weiss Ratings cut Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pagaya Technologies presently has an average rating of “Buy” and an average target price of $34.50.

About Pagaya Technologies

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.