GSA Capital Partners LLP Purchases New Stake in Pagaya Technologies Ltd. (NASDAQ:PGY)

GSA Capital Partners LLP purchased a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,346 shares of the company’s stock, valued at approximately $374,000.

A number of other hedge funds have also recently bought and sold shares of PGY. Hood River Capital Management LLC purchased a new position in Pagaya Technologies during the 1st quarter valued at about $9,265,000. Millennium Management LLC boosted its stake in Pagaya Technologies by 455.9% in the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after buying an additional 179,235 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in Pagaya Technologies in the second quarter worth approximately $2,273,000. Yarra Square Partners LP lifted its position in Pagaya Technologies by 29.9% in the second quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock valued at $7,903,000 after purchasing an additional 142,500 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Pagaya Technologies in the 2nd quarter worth $1,564,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PGY has been the subject of several research reports. Canaccord Genuity Group decreased their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research report on Wednesday, October 16th. JMP Securities reiterated a “market outperform” rating and set a $25.00 target price on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Wedbush reiterated a “neutral” rating and set a $13.00 target price on shares of Pagaya Technologies in a research note on Monday, August 12th. Finally, Oppenheimer assumed coverage on Pagaya Technologies in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pagaya Technologies has a consensus rating of “Moderate Buy” and an average price target of $22.11.

Pagaya Technologies Stock Up 3.5 %

PGY opened at $9.08 on Friday. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $11.30 and a 200 day moving average price of $12.29. The company has a market cap of $652.13 million, a PE ratio of -3.45 and a beta of 6.33.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Tami Rosen sold 17,570 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total value of $211,894.20. Following the sale, the insider now directly owns 73,516 shares in the company, valued at approximately $886,602.96. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yahav Yulzari sold 150,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the insider now owns 161,637 shares in the company, valued at $2,505,373.50. The trade was a 48.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 186,045 shares of company stock worth $2,755,982. Insiders own 49.56% of the company’s stock.

Pagaya Technologies 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.