Sanjiv Das Sells 10,683 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 10,683 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $11.77, for a total transaction of $125,738.91. Following the sale, the president now directly owns 64,794 shares of the company’s stock, valued at approximately $762,625.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Pagaya Technologies Stock Down 3.9 %

Pagaya Technologies stock opened at $11.35 on Friday. The firm has a market cap of $804.72 million, a PE ratio of -8.05 and a beta of 6.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.50 and a current ratio of 1.50. The firm’s 50 day moving average price is $12.04 and its two-hundred day moving average price is $12.06. Pagaya Technologies Ltd. has a twelve month low of $8.56 and a twelve month high of $20.50.

Pagaya Technologies (NASDAQ:PGY) last posted its earnings results on Friday, August 9th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.11). The business had revenue of $250.34 million during the quarter, compared to the consensus estimate of $239.16 million. Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. On average, research analysts predict that Pagaya Technologies Ltd. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Pagaya Technologies

Several large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Pagaya Technologies during the 1st quarter worth $12,686,000. Hood River Capital Management LLC bought a new stake in shares of Pagaya Technologies during the 1st quarter worth $9,265,000. Quadrature Capital Ltd boosted its holdings in Pagaya Technologies by 3,558.5% in the 4th quarter. Quadrature Capital Ltd now owns 784,860 shares of the company’s stock valued at $1,079,000 after purchasing an additional 763,407 shares during the period. Millennium Management LLC boosted its holdings in Pagaya Technologies by 455.9% in the 2nd quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock valued at $2,789,000 after purchasing an additional 179,235 shares during the period. Finally, Divisadero Street Capital Management LP bought a new stake in Pagaya Technologies in the 2nd quarter valued at $2,273,000. 57.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PGY has been the subject of several recent research reports. B. Riley cut their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, September 30th. JMP Securities reissued a “market outperform” rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Benchmark restated a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a report on Wednesday. Canaccord Genuity Group cut their price target on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Wedbush restated a “neutral” rating and set a $13.00 price target on shares of Pagaya Technologies in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Pagaya Technologies has a consensus rating of “Moderate Buy” and an average price target of $22.89.

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.