Quantbot Technologies LP Buys New Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

Quantbot Technologies LP purchased a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 74,438 shares of the company’s stock, valued at approximately $787,000. Quantbot Technologies LP owned approximately 0.10% of Pagaya Technologies at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Pagaya Technologies during the second quarter worth approximately $74,000. SG Americas Securities LLC bought a new stake in shares of Pagaya Technologies in the 2nd quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Pagaya Technologies in the second quarter valued at $166,000. The Manufacturers Life Insurance Company bought a new position in Pagaya Technologies during the second quarter valued at about $187,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Pagaya Technologies by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after acquiring an additional 1,937 shares during the period. 57.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a report on Tuesday, September 3rd. Benchmark restated a “buy” rating and set a $21.00 target price on shares of Pagaya Technologies in a report on Wednesday, October 16th. B. Riley dropped their price target on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Oppenheimer initiated coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price objective for the company. Finally, Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Pagaya Technologies has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Insider Buying and Selling

In other Pagaya Technologies news, insider Tami Rosen sold 7,659 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $12.00, for a total value of $91,908.00. Following the completion of the sale, the insider now owns 65,857 shares in the company, valued at $790,284. This represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Yahav Yulzari acquired 23,600 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were purchased at an average price of $10.52 per share, with a total value of $248,272.00. Following the completion of the acquisition, the insider now owns 311,637 shares of the company’s stock, valued at $3,278,421.24. This represents a 8.19 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 186,045 shares of company stock valued at $2,755,982. Corporate insiders own 49.56% of the company’s stock.

Pagaya Technologies Price Performance

PGY opened at $10.93 on Monday. The firm has a market capitalization of $805.10 million, a P/E ratio of -4.30 and a beta of 6.33. The stock has a fifty day moving average of $10.98 and a 200-day moving average of $12.23. 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 Ltd. has a 12-month low of $8.20 and a 12-month high of $20.50.

Pagaya Technologies 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.