Pagaya Technologies Ltd. (NASDAQ:PGY) Receives $42.50 Average Price Target from Analysts

Pagaya Technologies Ltd. (NASDAQ:PGYGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $42.50.

Several analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Pagaya Technologies in a research note on Thursday, December 14th. They set a “buy” rating and a $30.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and set a $42.00 target price on shares of Pagaya Technologies in a research note on Thursday, February 22nd.

Get Our Latest Stock Analysis on PGY

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PGY. ARK Investment Management LLC acquired a new position in Pagaya Technologies in the 3rd quarter valued at $1,482,000. Capricorn Fund Managers Ltd bought a new stake in Pagaya Technologies in the 3rd quarter valued at $2,436,000. Raymond James & Associates boosted its holdings in Pagaya Technologies by 43.5% in the 3rd quarter. Raymond James & Associates now owns 131,967 shares of the company’s stock valued at $209,000 after purchasing an additional 40,000 shares during the period. Pathstone Family Office LLC bought a new stake in Pagaya Technologies in the 3rd quarter valued at $32,000. Finally, National Bank of Canada FI boosted its holdings in Pagaya Technologies by 44.6% in the 3rd quarter. National Bank of Canada FI now owns 45,664 shares of the company’s stock valued at $69,000 after purchasing an additional 14,092 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Trading Down 6.7 %

Pagaya Technologies stock opened at $10.78 on Friday. The firm has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $16.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.63. The stock has a market capitalization of $636.56 million, a PE ratio of -4.99 and a beta of 6.84. Pagaya Technologies has a 12-month low of $9.36 and a 12-month high of $33.96.

Pagaya Technologies Company Profile

(Get Free Report

Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and internationally. It primarily develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. The company's partners include high-growth financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers.

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Analyst Recommendations for Pagaya Technologies (NASDAQ:PGY)

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