Nisa Investment Advisors LLC Invests $57,000 in Pagaya Technologies Ltd. (NASDAQ:PGY)

Nisa Investment Advisors LLC bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,097 shares of the company’s stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGY. Cubist Systematic Strategies LLC lifted its position in shares of Pagaya Technologies by 50.1% in the second quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock valued at $559,000 after buying an additional 14,629 shares during the last quarter. Millennium Management LLC lifted its holdings in Pagaya Technologies by 455.9% during the 2nd quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock valued at $2,789,000 after purchasing an additional 179,235 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Pagaya Technologies during the second quarter worth $187,000. GSA Capital Partners LLP acquired a new position in shares of Pagaya Technologies in the third quarter valued at $374,000. Finally, Intech Investment Management LLC acquired a new position in shares of Pagaya Technologies in the third quarter valued at $191,000. Institutional investors own 57.14% of the company’s stock.

Insider Activity

In related news, insider Tami Rosen sold 21,547 shares of Pagaya Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $214,823.59. Following the transaction, the insider now directly owns 73,550 shares of the company’s stock, valued at $733,293.50. This trade represents a 22.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yahav Yulzari sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the transaction, the insider now owns 161,637 shares of the company’s stock, valued at approximately $2,505,373.50. This represents a 48.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 214,136 shares of company stock worth $2,971,828. Corporate insiders own 49.56% of the company’s stock.

Pagaya Technologies Stock Performance

NASDAQ PGY opened at $9.28 on Friday. The firm has a 50-day moving average price of $9.59 and a two-hundred day moving average price of $11.36. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $20.00. The company has a market capitalization of $683.53 million, a P/E ratio of -3.65 and a beta of 6.12. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Analyst Ratings Changes

A number of research firms have recently issued reports on PGY. UBS Group began coverage on shares of Pagaya Technologies in a research note on Friday, December 20th. They set a “neutral” rating and a $11.00 target price for the company. Benchmark restated a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Finally, Canaccord Genuity Group decreased their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Pagaya Technologies presently has an average rating of “Moderate Buy” and an average price target of $20.00.

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.