Caitong International Asset Management Co. Ltd Has $42,000 Stock Holdings in Pagaya Technologies Ltd. $PGY

Caitong International Asset Management Co. Ltd grew its position in Pagaya Technologies Ltd. (NASDAQ:PGY) by 35.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,973 shares of the company’s stock after purchasing an additional 520 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Pagaya Technologies were worth $42,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Pagaya Technologies in the second quarter valued at about $857,000. Invesco Ltd. raised its holdings in shares of Pagaya Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 57,875 shares of the company’s stock valued at $607,000 after purchasing an additional 9,845 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Pagaya Technologies by 9.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company’s stock valued at $130,000 after purchasing an additional 1,094 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Pagaya Technologies by 5,431.3% in the first quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock valued at $46,000 after purchasing an additional 4,345 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Pagaya Technologies by 446.1% in the first quarter. Bank of New York Mellon Corp now owns 482,018 shares of the company’s stock valued at $5,052,000 after purchasing an additional 393,752 shares during the last quarter. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Price Performance

PGY opened at $29.04 on Friday. The firm has a market cap of $2.22 billion, a P/E ratio of -7.58 and a beta of 5.86. The firm has a 50-day moving average of $33.82 and a 200 day moving average of $24.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.42 and a current ratio of 1.42. Pagaya Technologies Ltd. has a fifty-two week low of $8.20 and a fifty-two week high of $44.99.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PGY shares. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. JMP Securities increased their target price on shares of Pagaya Technologies from $26.00 to $35.00 and gave the company a “market outperform” rating in a report on Monday, August 11th. Canaccord Genuity Group increased their price target on shares of Pagaya Technologies from $28.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Wall Street Zen lowered shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 30th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Pagaya Technologies from $27.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Insiders Place Their Bets

In other Pagaya Technologies news, insider Tami Rosen sold 15,026 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $30.73, for a total transaction of $461,748.98. Following the completion of the transaction, the insider owned 28,181 shares in the company, valued at $866,002.13. This trade represents a 34.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Evangelos Perros sold 14,356 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $37.34, for a total transaction of $536,053.04. Following the transaction, the chief financial officer owned 59,079 shares of the company’s stock, valued at $2,206,009.86. This represents a 19.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,081 shares of company stock worth $3,475,010 over the last quarter. 47.59% of the stock is currently owned by company insiders.

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.