Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Sells $2,325,000.00 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 150,000 shares of Pagaya Technologies stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the insider now owns 161,637 shares of the company’s stock, valued at $2,505,373.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yahav Yulzari also recently made the following trade(s):

• On Monday, September 30th, Yahav Yulzari acquired 23,600 shares of Pagaya Technologies stock. The stock was purchased at an average cost of $10.52 per share, for a total transaction of $248,272.00.

Pagaya Technologies Stock Performance

Shares of PGY stock traded down $6.01 on Tuesday, reaching $10.88. The stock had a trading volume of 12,872,448 shares, compared to its average volume of 1,353,375. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.50 and a current ratio of 1.50. Pagaya Technologies Ltd. has a 1 year low of $8.56 and a 1 year high of $20.50. The stock has a market cap of $781.35 million, a P/E ratio of -5.58 and a beta of 6.33. The company has a 50 day simple moving average of $11.74 and a 200 day simple moving average of $12.35.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. The business had revenue of $250.34 million during the quarter, compared to the consensus estimate of $239.16 million. Equities research analysts expect that Pagaya Technologies Ltd. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on PGY. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Oppenheimer began coverage on shares of Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 target price on the stock. Benchmark reissued a “buy” rating and set a $21.00 target price on shares of Pagaya Technologies in a report on Wednesday, October 16th. Wedbush reaffirmed a “neutral” rating and set a $13.00 price target on shares of Pagaya Technologies in a research note on Monday, August 12th. Finally, B. Riley reduced their price objective on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Pagaya Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.89.

Institutional Trading of Pagaya Technologies

A number of institutional investors have recently made changes to their positions in the business. Hood River Capital Management LLC acquired a new stake in shares of Pagaya Technologies in the first quarter valued at about $9,265,000. Yarra Square Partners LP boosted its position in Pagaya Technologies by 29.9% in the 2nd quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock valued at $7,903,000 after buying an additional 142,500 shares during the period. ARK Investment Management LLC boosted its holdings in Pagaya Technologies by 36.2% in the second quarter. ARK Investment Management LLC now owns 221,810 shares of the company’s stock valued at $2,830,000 after purchasing an additional 58,939 shares during the period. Millennium Management LLC increased its stake in shares of Pagaya Technologies by 455.9% during the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after buying an additional 179,235 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Pagaya Technologies during the 2nd quarter worth $2,273,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.