Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Yahav Yulzari Purchases 23,600 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari bought 23,600 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was bought at an average price of $10.52 per share, for a total transaction of $248,272.00. Following the acquisition, the insider now directly owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Yahav Yulzari also recently made the following trade(s):

• On Friday, August 9th, Yahav Yulzari sold 11,662 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.78, for a total value of $184,026.36.

Pagaya Technologies Stock Performance

Shares of PGY traded down $0.23 during mid-day trading on Wednesday, hitting $9.90. The stock had a trading volume of 1,250,438 shares, compared to its average volume of 1,258,556. Pagaya Technologies Ltd. has a 52 week low of $8.56 and a 52 week high of $20.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.50 and a quick ratio of 1.50. The business has a fifty day moving average price of $12.44 and a 200-day moving average price of $12.06. The firm has a market cap of $701.91 million, a P/E ratio of -7.01 and a beta of 6.36.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The firm had revenue of $250.34 million during the quarter, compared to the consensus estimate of $239.16 million. Pagaya Technologies had a negative net margin of 14.58% and a negative return on equity of 3.10%. On average, equities research analysts expect that Pagaya Technologies Ltd. will post -0.11 EPS for the current year.

Institutional Trading of Pagaya Technologies

Institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in Pagaya Technologies during the second quarter worth about $74,000. SG Americas Securities LLC bought a new stake in shares of Pagaya Technologies during the 2nd quarter valued at about $101,000. Cornerstone Investment Partners LLC purchased a new position in shares of Pagaya Technologies during the first quarter worth about $158,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Pagaya Technologies in the second quarter worth approximately $166,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Pagaya Technologies during the second quarter valued at approximately $187,000. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PGY. B. Riley cut their price objective on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Wedbush reiterated a “neutral” rating and issued a $13.00 price objective on shares of Pagaya Technologies in a research note on Monday, August 12th. Benchmark began coverage on Pagaya Technologies in a research note on Monday, August 26th. They issued a “buy” rating and a $21.00 target price on the stock. Canaccord Genuity Group decreased their price target on Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Keefe, Bruyette & Woods began coverage on Pagaya Technologies in a research report on Monday, June 17th. They issued an “outperform” rating and a $23.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.89.

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.