Pagaya Technologies Ltd. $PGY Position Increased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its holdings in Pagaya Technologies Ltd. (NASDAQ:PGY) by 81.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 118,459 shares of the company’s stock after buying an additional 53,011 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Pagaya Technologies were worth $1,380,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in shares of Pagaya Technologies by 1,231.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company’s stock valued at $25,591,000 after acquiring an additional 1,110,208 shares during the last quarter. Millennium Management LLC raised its position in shares of Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock worth $13,230,000 after purchasing an additional 961,944 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Pagaya Technologies by 221.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,379,550 shares of the company’s stock worth $28,833,000 after purchasing an additional 950,443 shares during the period. Marshall Wace LLP lifted its holdings in shares of Pagaya Technologies by 1,556.3% during the third quarter. Marshall Wace LLP now owns 672,008 shares of the company’s stock valued at $19,952,000 after purchasing an additional 631,435 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Pagaya Technologies by 141.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company’s stock valued at $12,040,000 after purchasing an additional 602,992 shares during the last quarter. Institutional investors own 57.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PGY shares. Citizens Jmp lifted their price target on Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. B. Riley Financial lifted their target price on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.43.

Insider Buying and Selling

In other news, Director Tami Rosen sold 28,181 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $21.98, for a total transaction of $619,418.38. Following the transaction, the director owned 16,665 shares in the company, valued at $366,296.70. This represents a 62.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Sanjiv Das sold 21,289 shares of Pagaya Technologies stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $22.00, for a total transaction of $468,358.00. Following the completion of the sale, the president directly owned 144,186 shares of the company’s stock, valued at approximately $3,172,092. The trade was a 12.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 107,560 shares of company stock valued at $2,011,541. 41.99% of the stock is owned by company insiders.

Pagaya Technologies Trading Down 0.5%

Shares of NASDAQ:PGY opened at $21.80 on Thursday. The firm has a fifty day moving average of $16.76 and a two-hundred day moving average of $14.92. The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 1.12. Pagaya Technologies Ltd. has a 12-month low of $10.40 and a 12-month high of $44.99. The firm has a market capitalization of $1.81 billion, a P/E ratio of 16.03 and a beta of 5.33.

Pagaya Technologies (NASDAQ:PGY) last issued its earnings results on Thursday, May 7th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.53. Pagaya Technologies had a return on equity of 51.56% and a net margin of 9.12%.The company had revenue of $317.94 million for the quarter, compared to analyst estimates of $323.85 million. During the same period in the prior year, the firm posted $0.10 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Pagaya Technologies Ltd. will post 2.92 EPS for the current fiscal year.

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.