Quantbot Technologies LP Has $834,000 Stock Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

Quantbot Technologies LP increased its holdings in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,796 shares of the company’s stock after buying an additional 15,358 shares during the quarter. Quantbot Technologies LP’s holdings in Pagaya Technologies were worth $834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Pagaya Technologies by 14.6% in the third quarter. State Street Corp now owns 763,823 shares of the company’s stock valued at $8,074,000 after buying an additional 97,135 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Pagaya Technologies by 7.8% during the third quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock worth $6,310,000 after acquiring an additional 43,068 shares during the period. FMR LLC lifted its position in Pagaya Technologies by 8.3% in the 3rd quarter. FMR LLC now owns 524,570 shares of the company’s stock valued at $5,545,000 after acquiring an additional 40,031 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Pagaya Technologies by 4,374.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock worth $3,296,000 after purchasing an additional 304,890 shares during the period. Finally, Arizona PSPRS Trust bought a new position in Pagaya Technologies during the 3rd quarter worth about $2,183,000. 57.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pagaya Technologies

In related news, President Sanjiv Das sold 6,343 shares of Pagaya Technologies stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction of $63,239.71. Following the completion of the sale, the president now owns 75,528 shares of the company’s stock, valued at approximately $753,014.16. The trade was a 7.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tami Rosen sold 35,369 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $15.00, for a total transaction of $530,535.00. Following the completion of the transaction, the insider now directly owns 38,181 shares in the company, valued at approximately $572,715. This represents a 48.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,692 shares of company stock worth $1,205,379 over the last 90 days. Company insiders own 49.56% of the company’s stock.

Pagaya Technologies Price Performance

Shares of PGY opened at $11.78 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $11.46 and its 200 day simple moving average is $10.92. Pagaya Technologies Ltd. has a 1-year low of $8.20 and a 1-year high of $19.20. The company has a market cap of $887.01 million, a price-to-earnings ratio of -2.14 and a beta of 5.98.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.32). Pagaya Technologies had a positive return on equity of 0.82% and a negative net margin of 39.20%. The firm had revenue of $279.39 million for the quarter, compared to analyst estimates of $264.28 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, research analysts forecast that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PGY shares. Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $13.00 to $14.50 in a report on Friday, February 7th. B. Riley restated a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a research note on Monday, March 17th. UBS Group initiated coverage on shares of Pagaya Technologies in a research report on Friday, December 20th. They issued a “neutral” rating and a $11.00 price objective on the stock. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.61.

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.