UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $680,000 Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Pagaya Technologies Ltd. (NASDAQ:PGY) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,305 shares of the company’s stock after selling 2,765 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of Pagaya Technologies worth $680,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PGY. The Manufacturers Life Insurance Company raised its stake in shares of Pagaya Technologies by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock valued at $176,000 after acquiring an additional 1,937 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Pagaya Technologies by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after purchasing an additional 3,181 shares during the period. nVerses Capital LLC bought a new position in Pagaya Technologies during the 2nd quarter worth $74,000. SG Americas Securities LLC acquired a new position in Pagaya Technologies during the 2nd quarter worth about $101,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Pagaya Technologies in the 2nd quarter valued at about $166,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Tami Rosen sold 17,570 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $12.06, for a total transaction of $211,894.20. Following the transaction, the insider now directly owns 73,516 shares of the company’s stock, valued at $886,602.96. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yahav Yulzari bought 23,600 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average price of $10.52 per share, for a total transaction of $248,272.00. Following the completion of the acquisition, the insider now owns 311,637 shares in the company, valued at $3,278,421.24. This represents a 8.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 186,045 shares of company stock worth $2,755,982. 49.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PGY shares. Benchmark restated a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Oppenheimer started coverage on shares of Pagaya Technologies in a report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price target for the company. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. B. Riley decreased their price objective on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Canaccord Genuity Group dropped their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.13.

Pagaya Technologies Stock Performance

NASDAQ:PGY opened at $8.71 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies Ltd. has a twelve month low of $8.20 and a twelve month high of $20.04. The company has a fifty day moving average of $10.80 and a 200-day moving average of $12.04. The firm has a market capitalization of $641.54 million, a P/E ratio of -3.43 and a beta of 6.11.

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.