Pagaya Technologies Ltd. (NASDAQ:PGY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.61.

Several equities research analysts recently issued reports on PGY shares. Canaccord Genuity Group reissued a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Thursday, February 13th. JMP Securities lifted their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. B. Riley reissued a “buy” rating and issued a $36.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a report on Monday, March 17th. Finally, Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $14.50 in a research report on Friday, February 7th.

Pagaya Technologies Stock Performance

NASDAQ:PGY opened at $10.06 on Friday. The firm has a 50-day moving average of $11.19 and a two-hundred day moving average of $10.67. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $757.12 million, a P/E ratio of -1.83 and a beta of 5.89. Pagaya Technologies has a 1-year low of $8.20 and a 1-year high of $19.20.

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

Insider Activity at Pagaya Technologies

In related news, President Sanjiv Das sold 12,789 shares of Pagaya Technologies stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $9.35, for a total value of $119,577.15. Following the completion of the sale, the president now owns 105,817 shares of the company’s stock, valued at approximately $989,388.95. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tami Rosen sold 35,369 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $15.00, for a total transaction of $530,535.00. Following the transaction, the insider now directly owns 38,181 shares in the company, valued at $572,715. The trade was a 48.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,004 shares of company stock valued at $770,036. Company insiders own 49.56% of the company’s stock.

Institutional Trading of Pagaya Technologies

Large investors have recently modified their holdings of the company. R Squared Ltd acquired a new stake in Pagaya Technologies in the 4th quarter valued at approximately $30,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Pagaya Technologies during the 4th quarter valued at $43,000. GAMMA Investing LLC grew its holdings in shares of Pagaya Technologies by 5,431.3% during the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after purchasing an additional 4,345 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at $57,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Pagaya Technologies in the fourth quarter valued at about $67,000. 57.14% of the stock is owned by institutional investors.

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.