Tami Rosen Sells 5,681 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 5,681 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $16.23, for a total transaction of $92,202.63. Following the completion of the transaction, the director directly owned 47,488 shares of the company’s stock, valued at $770,730.24. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Tami Rosen also recently made the following trade(s):

• On Friday, April 17th, Tami Rosen sold 9,720 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.14, for a total transaction of $147,160.80.

Pagaya Technologies Stock Down 0.4%

PGY stock traded down $0.07 during midday trading on Tuesday, hitting $15.61. The company’s stock had a trading volume of 3,644,516 shares, compared to its average volume of 3,899,700. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 1.25. Pagaya Technologies Ltd. has a 52-week low of $10.40 and a 52-week high of $44.99. The firm has a market capitalization of $1.29 billion, a P/E ratio of 14.59 and a beta of 5.35. The firm has a 50-day simple moving average of $13.89 and a 200-day simple moving average of $16.49.

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

Institutional Investors Weigh In On Pagaya Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of PGY. Root Financial Partners LLC acquired a new stake in Pagaya Technologies during the 4th quarter worth $27,000. Aster Capital Management DIFC Ltd raised its stake in Pagaya Technologies by 351.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock worth $29,000 after acquiring an additional 1,084 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new stake in Pagaya Technologies during the 4th quarter worth $30,000. Quarry LP raised its stake in Pagaya Technologies by 330.8% during the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock worth $35,000 after acquiring an additional 1,277 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in Pagaya Technologies during the 3rd quarter worth $36,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Pagaya Technologies Company Profile

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.