Analysts Set Pagaya Technologies Ltd. (NASDAQ:PGY) PT at $20.00

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $20.06.

Several equities analysts have weighed in on PGY shares. Benchmark reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 16th. UBS Group assumed coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 target price on the stock. Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $14.50 in a research note on Friday. Finally, Canaccord Genuity Group lowered their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th.

Insider Activity

In other Pagaya Technologies news, President Sanjiv Das sold 6,343 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $63,239.71. Following the completion of the transaction, the president now directly owns 75,528 shares in the company, valued at approximately $753,014.16. This represents a 7.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tami Rosen sold 9,846 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $12.18, for a total transaction of $119,924.28. Following the completion of the transaction, the insider now directly owns 73,550 shares of the company’s stock, valued at approximately $895,839. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,323 shares of company stock worth $2,999,844. 49.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in Pagaya Technologies during the 4th quarter valued at about $30,000. Nisa Investment Advisors LLC bought a new position in shares of Pagaya Technologies during the fourth quarter valued at $57,000. BNP Paribas Financial Markets raised its position in Pagaya Technologies by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after buying an additional 3,181 shares during the last quarter. Arizona State Retirement System lifted its stake in Pagaya Technologies by 10.9% during the 4th quarter. Arizona State Retirement System now owns 11,154 shares of the company’s stock valued at $104,000 after acquiring an additional 1,092 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Pagaya Technologies in the 4th quarter worth $114,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Pagaya Technologies Price Performance

Shares of PGY opened at $12.50 on Monday. The stock has a market capitalization of $920.75 million, a P/E ratio of -4.92 and a beta of 6.09. Pagaya Technologies has a twelve month low of $8.20 and a twelve month high of $20.00. The company has a 50 day moving average of $9.56 and a 200-day moving average of $11.21. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

About Pagaya Technologies

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.