Pagaya Technologies Ltd. (NASDAQ:PGY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.11.

Several analysts recently commented on PGY shares. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Benchmark reiterated a “buy” rating and set a $21.00 target price on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Oppenheimer assumed coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target on the stock. Wedbush reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Pagaya Technologies in a research report on Monday, August 12th. Finally, Canaccord Genuity Group lowered their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In related news, insider Yahav Yulzari acquired 23,600 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average cost of $10.52 per share, for a total transaction of $248,272.00. Following the transaction, the insider now directly owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This trade represents a 8.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Sanjiv Das sold 10,683 shares of Pagaya Technologies stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $11.77, for a total value of $125,738.91. Following the completion of the sale, the president now directly owns 64,794 shares of the company’s stock, valued at approximately $762,625.38. This represents a 14.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,045 shares of company stock worth $2,755,982. Corporate insiders own 49.56% of the company’s stock.

Institutional Investors Weigh In On Pagaya Technologies

Several hedge funds have recently modified their holdings of PGY. nVerses Capital LLC purchased a new stake in shares of Pagaya Technologies during the 2nd quarter worth about $74,000. SG Americas Securities LLC acquired a new position in Pagaya Technologies during the second quarter valued at approximately $101,000. BNP Paribas Financial Markets grew its stake in Pagaya Technologies by 48.4% during the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after buying an additional 3,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Pagaya Technologies in the second quarter worth $166,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Pagaya Technologies during the 2nd quarter valued at $187,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Pagaya Technologies Trading Up 6.3 %

PGY opened at $9.57 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies has a 52 week low of $8.20 and a 52 week high of $20.50. The business’s 50 day moving average is $11.18 and its two-hundred day moving average is $12.27. The firm has a market cap of $704.89 million, a price-to-earnings ratio of -3.77 and a beta of 6.33.

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.