Pagaya Technologies (NASDAQ:PGY) Trading 6.6% Higher

Pagaya Technologies Ltd. (NASDAQ:PGY)’s share price traded up 6.6% on Friday . The stock traded as high as $10.41 and last traded at $10.33. 335,149 shares traded hands during trading, a decline of 73% from the average session volume of 1,223,357 shares. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a research note on Thursday, February 22nd. Wedbush lowered their price objective on shares of Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, March 15th. Finally, JMP Securities lowered their price objective on shares of Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $38.08.

Pagaya Technologies Stock Performance

The firm has a market cap of $614.14 million, a price-to-earnings ratio of -4.81 and a beta of 6.66. The stock’s 50 day moving average is $12.30 and its 200 day moving average is $14.30. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.49.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, CRO Yahav Yulzari bought 60,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were bought at an average cost of $10.17 per share, with a total value of $610,200.00. Following the completion of the acquisition, the executive now owns 299,699 shares of the company’s stock, valued at $3,047,938.83. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Pagaya Technologies news, CRO Yahav Yulzari bought 60,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were bought at an average cost of $10.17 per share, with a total value of $610,200.00. Following the completion of the acquisition, the executive now owns 299,699 shares of the company’s stock, valued at $3,047,938.83. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Sanjiv Das bought 22,727 shares of the stock in a transaction dated Friday, April 5th. The shares were acquired at an average cost of $10.57 per share, for a total transaction of $240,224.39. Following the completion of the acquisition, the president now directly owns 22,727 shares of the company’s stock, valued at approximately $240,224.39. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 194,807 shares of company stock worth $2,012,373. Insiders own 19.70% of the company’s stock.

Institutional Trading of Pagaya Technologies

Large investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Pagaya Technologies by 43.5% during the 3rd quarter. Raymond James & Associates now owns 131,967 shares of the company’s stock worth $209,000 after acquiring an additional 40,000 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in Pagaya Technologies in the third quarter valued at approximately $32,000. National Bank of Canada FI boosted its position in Pagaya Technologies by 44.6% in the third quarter. National Bank of Canada FI now owns 45,664 shares of the company’s stock valued at $69,000 after buying an additional 14,092 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in Pagaya Technologies in the third quarter valued at approximately $751,000. Finally, Fermata Advisors LLC acquired a new stake in Pagaya Technologies in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.