Nicole Torraco Sells 4,743 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Nicole Torraco sold 4,743 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $12.04, for a total value of $57,105.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Pagaya Technologies Stock Performance

Shares of PGY opened at $11.90 on Monday. The business’s 50 day moving average is $11.28 and its 200 day moving average is $13.25. Pagaya Technologies Ltd. has a 12-month low of $8.56 and a 12-month high of $33.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.36 and a quick ratio of 2.36.

Pagaya Technologies (NASDAQ:PGY) last posted its earnings results on Thursday, May 9th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). The firm had revenue of $237.00 million for the quarter, compared to the consensus estimate of $229.45 million. Pagaya Technologies had a negative net margin of 10.53% and a negative return on equity of 4.23%. During the same quarter in the prior year, the company posted ($0.48) earnings per share. Equities research analysts expect that Pagaya Technologies Ltd. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PGY. MBE Wealth Management LLC purchased a new stake in Pagaya Technologies during the fourth quarter valued at approximately $31,000. Pathstone Family Office LLC bought a new position in shares of Pagaya Technologies during the third quarter valued at approximately $32,000. Acadian Asset Management LLC bought a new position in shares of Pagaya Technologies during the third quarter valued at approximately $38,000. Cornerstone Investment Partners LLC bought a new position in shares of Pagaya Technologies during the first quarter valued at approximately $158,000. Finally, Castle Hook Partners LP purchased a new stake in shares of Pagaya Technologies during the 1st quarter valued at $188,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Analyst Ratings Changes

PGY has been the topic of a number of recent research reports. Keefe, Bruyette & Woods assumed coverage on Pagaya Technologies in a research note on Monday, June 17th. They issued an “outperform” rating and a $23.00 target price on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Pagaya Technologies in a research note on Thursday, May 9th. Citigroup assumed coverage on Pagaya Technologies in a research note on Friday, May 24th. They issued a “neutral” rating and a $14.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Pagaya Technologies in a research note on Friday, May 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research note on Friday, June 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.94.

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.