Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Sells 238,004 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 238,004 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $15.16, for a total transaction of $3,608,140.64. Following the sale, the insider now owns 4,346,141 shares in the company, valued at approximately $65,887,497.56. This trade represents a 5.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Pagaya Technologies Stock Performance

Shares of PGY stock opened at $14.96 on Wednesday. The company’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.78. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.13 billion, a PE ratio of -2.72 and a beta of 5.88.

Pagaya Technologies (NASDAQ:PGY) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.32). Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. The business had revenue of $279.39 million during the quarter, compared to analysts’ expectations of $264.28 million. During the same period in the prior year, the business posted $0.24 EPS. As a group, equities research analysts anticipate that Pagaya Technologies Ltd. will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Pagaya Technologies

Hedge funds have recently made changes to their positions in the business. R Squared Ltd purchased a new position in shares of Pagaya Technologies in the 4th quarter valued at $30,000. GAMMA Investing LLC increased its stake in Pagaya Technologies by 5,431.3% during the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after buying an additional 4,345 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Pagaya Technologies during the 4th quarter worth $43,000. Nisa Investment Advisors LLC purchased a new stake in Pagaya Technologies during the 4th quarter worth $57,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Pagaya Technologies during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Canaccord Genuity Group restated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a research report on Thursday, February 13th. Citigroup upgraded shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $14.50 in a report on Friday, February 7th. B. Riley reiterated a “buy” rating and issued a $36.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. JMP Securities lifted their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Finally, Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Pagaya Technologies in a report on Monday, March 17th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.61.

Pagaya Technologies Company Profile

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.