Pagaya Technologies Ltd. (NASDAQ:PGY) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 1,249.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,637 shares of the company’s stock after acquiring an additional 121,880 shares during the quarter. BNP Paribas Financial Markets owned 0.18% of Pagaya Technologies worth $1,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in Pagaya Technologies during the fourth quarter worth $30,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Pagaya Technologies during the 4th quarter worth $43,000. Nisa Investment Advisors LLC acquired a new position in shares of Pagaya Technologies during the 4th quarter worth $57,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Pagaya Technologies in the 4th quarter worth about $67,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Pagaya Technologies by 15.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company’s stock worth $101,000 after buying an additional 1,532 shares in the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analyst Upgrades and Downgrades

PGY has been the subject of a number of research reports. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Canaccord Genuity Group restated a “buy” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 13th. B. Riley reaffirmed a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $13.00 to $14.50 in a report on Friday, February 7th. Finally, JMP Securities boosted their price target on Pagaya Technologies from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.61.

Pagaya Technologies Trading Up 0.9%

Shares of PGY opened at $14.43 on Tuesday. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $19.20. The company has a market capitalization of $1.09 billion, a PE ratio of -2.62 and a beta of 5.88. The stock has a fifty day moving average of $11.19 and a two-hundred day moving average of $10.84. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Insider Buying and Selling

In related news, CTO Avital Pardo sold 237,748 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $15.16, for a total value of $3,604,259.68. Following the transaction, the chief technology officer now directly owns 2,401,528 shares of the company’s stock, valued at approximately $36,407,164.48. This trade represents a 9.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Yahav Yulzari sold 238,004 shares of Pagaya Technologies stock in a transaction on Monday, May 12th. The shares were sold at an average price of $15.16, for a total value of $3,608,140.64. Following the completion of the transaction, the insider now owns 4,346,141 shares in the company, valued at $65,887,497.56. The trade was a 5.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 488,541 shares of company stock worth $7,331,977. 47.59% of the stock is owned by company insiders.

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.