Ensign Peak Advisors Inc Buys New Holdings in Pagaya Technologies Ltd. $PGY

Ensign Peak Advisors Inc purchased a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,600 shares of the company’s stock, valued at approximately $141,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PGY. GSA Capital Partners LLP raised its stake in shares of Pagaya Technologies by 252.7% in the 1st quarter. GSA Capital Partners LLP now owns 51,605 shares of the company’s stock valued at $541,000 after buying an additional 36,974 shares in the last quarter. Deutsche Bank AG acquired a new position in Pagaya Technologies in the first quarter worth about $692,000. Swiss National Bank lifted its stake in Pagaya Technologies by 1.7% during the first quarter. Swiss National Bank now owns 76,883 shares of the company’s stock worth $806,000 after purchasing an additional 1,300 shares during the period. Invesco Ltd. boosted its holdings in Pagaya Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 57,875 shares of the company’s stock valued at $607,000 after purchasing an additional 9,845 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in Pagaya Technologies by 26.2% during the first quarter. Virtu Financial LLC now owns 18,656 shares of the company’s stock valued at $196,000 after purchasing an additional 3,869 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Analyst Ratings Changes

PGY has been the subject of several analyst reports. Zacks Research downgraded Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Canaccord Genuity Group lifted their price objective on Pagaya Technologies from $36.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. JMP Securities upped their target price on shares of Pagaya Technologies from $26.00 to $35.00 and gave the stock a “market outperform” rating in a report on Monday, August 11th. B. Riley increased their target price on shares of Pagaya Technologies from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Pagaya Technologies in a research report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Insiders Place Their Bets

In related news, CFO Evangelos Perros sold 14,356 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $37.34, for a total value of $536,053.04. Following the completion of the sale, the chief financial officer owned 59,079 shares of the company’s stock, valued at $2,206,009.86. This trade represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tami Rosen sold 15,026 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.73, for a total transaction of $461,748.98. Following the completion of the transaction, the insider owned 28,181 shares of the company’s stock, valued at $866,002.13. This trade represents a 34.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 95,081 shares of company stock valued at $3,475,010. Insiders own 47.59% of the company’s stock.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $24.13 on Tuesday. The stock has a 50-day simple moving average of $27.47 and a 200 day simple moving average of $27.16. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -9.04 and a beta of 5.84. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 1.16. Pagaya Technologies Ltd. has a 12-month low of $8.27 and a 12-month high of $44.99.

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.