Pagaya Technologies Ltd. (NASDAQ:PGY) Given Average Rating of “Moderate Buy” by Analysts

Pagaya Technologies Ltd. (NASDAQ:PGY) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.08.

PGY has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 22nd. JMP Securities lowered their price objective on shares of Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating for the company in a research report on Monday, April 8th. Finally, Wedbush lowered their price objective on shares of Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, March 15th.

Pagaya Technologies Stock Performance

NASDAQ:PGY opened at $10.41 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.05 and a current ratio of 4.05. The stock has a market capitalization of $614.71 million, a P/E ratio of -4.82 and a beta of 6.55. The company has a 50 day moving average price of $11.63 and a 200 day moving average price of $14.10. Pagaya Technologies has a fifty-two week low of $8.56 and a fifty-two week high of $33.96.

Insider Transactions at Pagaya Technologies

In related news, CRO Yahav Yulzari purchased 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were purchased at an average cost of $10.17 per share, for a total transaction of $610,200.00. Following the purchase, the executive now directly 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 Securities & Exchange Commission, which can be accessed through this link. In related news, Director Avi Zeevi purchased 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average cost of $10.35 per share, for a total transaction of $310,500.00. Following the purchase, the director now directly owns 35,656 shares of the company’s stock, valued at $369,039.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Yahav Yulzari purchased 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were bought at an average price of $10.17 per share, for a total transaction of $610,200.00. Following the completion of the purchase, the executive now directly owns 299,699 shares in the company, valued at $3,047,938.83. The disclosure for this purchase can be found here. In the last three months, insiders bought 194,807 shares of company stock valued at $2,012,373. Insiders own 19.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PGY. Raymond James & Associates increased its stake in Pagaya Technologies by 43.5% in the third quarter. Raymond James & Associates now owns 131,967 shares of the company’s stock valued at $209,000 after purchasing an additional 40,000 shares during the period. Deuterium Capital Management LLC acquired a new position in Pagaya Technologies in the third quarter valued at $40,000. Fermata Advisors LLC acquired a new position in Pagaya Technologies in the third quarter valued at $38,000. NewEdge Wealth LLC acquired a new position in Pagaya Technologies in the third quarter valued at $751,000. Finally, Pathstone Family Office LLC acquired a new position in Pagaya Technologies in the third quarter valued at $32,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

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.