Pagaya Technologies Ltd. $PGY Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 21.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,363 shares of the company’s stock after acquiring an additional 938 shares during the quarter. GAMMA Investing LLC’s holdings in Pagaya Technologies were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Pagaya Technologies during the 2nd quarter valued at about $25,000. Virtus Advisers LLC acquired a new position in shares of Pagaya Technologies during the 1st quarter valued at about $35,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Pagaya Technologies by 77.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,435 shares of the company’s stock valued at $95,000 after acquiring an additional 1,935 shares during the last quarter. ProShare Advisors LLC acquired a new position in shares of Pagaya Technologies during the 4th quarter valued at about $94,000. Finally, Summit Securities Group LLC acquired a new position in shares of Pagaya Technologies during the 1st quarter valued at about $107,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Stock Up 0.7%

Shares of NASDAQ:PGY opened at $29.91 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $2.29 billion, a PE ratio of -7.81 and a beta of 5.86. The firm’s 50-day moving average is $34.50 and its two-hundred day moving average is $22.26. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $44.99.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. B. Riley boosted their price target on shares of Pagaya Technologies from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Stephens began coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They issued an “overweight” rating and a $22.00 price objective on the stock. 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. Citigroup boosted their price objective on shares of Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, Benchmark restated a “buy” rating and issued a $48.00 price objective on shares of Pagaya Technologies in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

Insider Buying and Selling at Pagaya Technologies

In related news, President Sanjiv Das sold 13,304 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $40.62, for a total transaction of $540,408.48. Following the sale, the president directly owned 96,885 shares in the company, valued at approximately $3,935,468.70. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Evangelos Perros sold 11,553 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $40.62, for a total transaction of $469,282.86. Following the sale, the chief financial officer owned 68,151 shares in the company, valued at $2,768,293.62. The trade was a 14.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,744 shares of company stock valued at $3,070,091 over the last three months. 47.59% of the stock is currently owned by company insiders.

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.