Pagaya Technologies Ltd. $PGY Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 57.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,412 shares of the company’s stock after selling 83,893 shares during the period. Los Angeles Capital Management LLC owned approximately 0.08% of Pagaya Technologies worth $1,331,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB acquired a new position in Pagaya Technologies during the 2nd quarter worth approximately $25,000. Virtus Advisers LLC purchased a new stake in shares of Pagaya Technologies in the first quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd grew its holdings in Pagaya Technologies by 35.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock worth $42,000 after acquiring an additional 520 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Pagaya Technologies by 77.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,435 shares of the company’s stock worth $95,000 after acquiring an additional 1,935 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Pagaya Technologies in the first quarter worth $107,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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. Citigroup raised their price objective on shares of Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Benchmark restated a “buy” rating and set a $48.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 1st. Zacks Research cut shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, JMP Securities boosted their price target on Pagaya Technologies from $26.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Monday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.

Pagaya Technologies Stock Performance

Shares of PGY opened at $25.92 on Thursday. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $44.99. The stock has a market cap of $1.99 billion, a P/E ratio of -9.71 and a beta of 5.83. The company has a current ratio of 11.41, a quick ratio of 1.42 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average of $31.80 and a two-hundred day moving average of $26.12.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results on Monday, November 10th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.56 by $0.46. Pagaya Technologies had a negative net margin of 15.32% and a positive return on equity of 31.59%. The business had revenue of $350.17 million for the quarter, compared to analyst estimates of $338.86 million. During the same period in the prior year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 36.3% on a year-over-year basis. Pagaya Technologies has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts predict that Pagaya Technologies Ltd. will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at Pagaya Technologies

In related news, insider Tami Rosen sold 15,026 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $30.73, for a total transaction of $461,748.98. Following the sale, the insider owned 28,181 shares of the company’s stock, valued at $866,002.13. This trade represents a 34.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sanjiv Das sold 4,783 shares of Pagaya Technologies stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $30.20, for a total value of $144,446.60. Following the sale, the president owned 100,640 shares of the company’s stock, valued at approximately $3,039,328. This represents a 4.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 95,081 shares of company stock worth $3,475,010. 47.59% of the stock is owned by 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.