Analysts Set Pagaya Technologies Ltd. (NASDAQ:PGY) PT at $26.70

Pagaya Technologies Ltd. (NASDAQ:PGY) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $26.70.

PGY has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $26.00 price objective on shares of Pagaya Technologies in a research note on Tuesday, June 24th. Stephens initiated coverage on shares of Pagaya Technologies in a research note on Thursday, June 12th. They set an “overweight” rating and a $22.00 price objective for the company. Wall Street Zen raised shares of Pagaya Technologies from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Benchmark upped their price objective on shares of Pagaya Technologies from $25.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Citigroup increased their target price on shares of Pagaya Technologies from $16.50 to $40.00 and gave the stock a “buy” rating in a research report on Monday, July 21st.

Pagaya Technologies Trading Up 3.0%

NASDAQ PGY opened at $29.94 on Monday. Pagaya Technologies has a 12 month low of $8.20 and a 12 month high of $34.29. The company has a 50-day moving average of $21.77 and a 200-day moving average of $14.91. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $2.27 billion, a P/E ratio of -5.91 and a beta of 5.93.

Insider Activity

In other Pagaya Technologies news, CFO Evangelos Perros sold 12,755 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $22.57, for a total value of $287,880.35. Following the completion of the sale, the chief financial officer owned 82,870 shares of the company’s stock, valued at $1,870,375.90. This trade represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tami Rosen sold 13,821 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $21.85, for a total transaction of $301,988.85. Following the completion of the sale, the insider directly owned 35,619 shares of the company’s stock, valued at $778,275.15. This trade represents a 27.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,353,907 shares of company stock worth $24,585,322. Insiders own 47.59% of the company’s stock.

Institutional Trading of Pagaya Technologies

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company’s stock valued at $130,000 after acquiring an additional 1,094 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Pagaya Technologies by 1,249.2% during the 4th quarter. BNP Paribas Financial Markets now owns 131,637 shares of the company’s stock valued at $1,223,000 after buying an additional 121,880 shares during the last quarter. Barclays PLC purchased a new position in shares of Pagaya Technologies during the 4th quarter valued at approximately $595,000. Bank of America Corp DE boosted its stake in shares of Pagaya Technologies by 9.7% during the 4th quarter. Bank of America Corp DE now owns 144,097 shares of the company’s stock valued at $1,339,000 after buying an additional 12,760 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Pagaya Technologies by 5,431.3% during the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock valued at $46,000 after buying an additional 4,345 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.