Pagaya Technologies Ltd. (NASDAQ:PGY) Receives $34.33 Average Target Price from Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.3333.

A number of equities research analysts have recently weighed in on PGY shares. JMP Securities boosted their price objective on shares of Pagaya Technologies from $26.00 to $35.00 and gave the company a “market outperform” rating in a report on Monday, August 11th. Oppenheimer boosted their price objective on shares of Pagaya Technologies from $16.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Canaccord Genuity Group boosted their price objective on shares of Pagaya Technologies from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 11th. B. Riley upped their price target on shares of Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, August 11th. Finally, Benchmark upped their price target on shares of Pagaya Technologies from $42.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 8th.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, Director Dan Petrozzo sold 8,484 shares of the company’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $30.15, for a total value of $255,792.60. Following the completion of the transaction, the director owned 96,278 shares in the company, valued at approximately $2,902,781.70. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Sanjiv Das sold 13,304 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $40.62, for a total transaction of $540,408.48. Following the completion of the transaction, the president owned 96,885 shares of the company’s stock, valued at approximately $3,935,468.70. This trade represents a 12.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 728,019 shares of company stock valued at $15,923,580 in the last three months. Company insiders own 47.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB acquired a new stake in Pagaya Technologies in the 2nd quarter valued at about $25,000. Virtus Advisers LLC acquired a new stake in Pagaya Technologies in the 1st quarter valued at about $35,000. Caitong International Asset Management Co. Ltd raised its holdings in Pagaya Technologies by 35.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock valued at $42,000 after acquiring an additional 520 shares during the last quarter. GAMMA Investing LLC raised its holdings in Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock valued at $46,000 after acquiring an additional 4,345 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $93,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Price Performance

Shares of PGY opened at $43.81 on Tuesday. The firm has a market capitalization of $3.36 billion, a PE ratio of -11.44 and a beta of 5.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.42. Pagaya Technologies has a 1-year low of $8.20 and a 1-year high of $44.99. The company’s fifty day moving average price is $33.17 and its 200-day moving average price is $20.72.

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.