55,688 Shares in Pagaya Technologies Ltd. $PGY Acquired by World Investment Advisors

World Investment Advisors purchased a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 55,688 shares of the company’s stock, valued at approximately $1,164,000.

A number of other large investors have also recently bought and sold shares of PGY. BNP Paribas Financial Markets raised its stake in Pagaya Technologies by 1,231.6% during the second quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company’s stock worth $25,591,000 after acquiring an additional 1,110,208 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Pagaya Technologies by 320.1% in the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company’s stock valued at $13,230,000 after purchasing an additional 961,944 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Pagaya Technologies by 221.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,379,550 shares of the company’s stock worth $28,833,000 after purchasing an additional 950,443 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Pagaya Technologies by 1,556.3% in the 3rd quarter. Marshall Wace LLP now owns 672,008 shares of the company’s stock worth $19,952,000 after purchasing an additional 631,435 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Pagaya Technologies by 113.1% in the 3rd quarter. American Century Companies Inc. now owns 1,094,799 shares of the company’s stock worth $32,505,000 after purchasing an additional 581,017 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors.

Pagaya Technologies Stock Performance

Shares of PGY opened at $15.62 on Monday. The stock’s fifty day simple moving average is $14.16 and its 200-day simple moving average is $16.24. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $1.29 billion, a PE ratio of 14.60 and a beta of 5.35. Pagaya Technologies Ltd. has a 12-month low of $10.40 and a 12-month high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) earnings per share for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%.The firm had revenue of $91.63 million for the quarter. As a group, research analysts predict that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current year.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, Director Tami Rosen sold 5,681 shares of Pagaya Technologies stock in a transaction on Friday, June 12th. The shares were sold at an average price of $16.23, for a total transaction of $92,202.63. Following the completion of the sale, the director owned 47,488 shares of the company’s stock, valued at approximately $770,730.24. The trade was a 10.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Evangelos Perros sold 11,558 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $16.23, for a total transaction of $187,586.34. Following the sale, the insider owned 131,241 shares of the company’s stock, valued at $2,130,041.43. The trade was a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 55,412 shares of company stock worth $822,542 in the last 90 days. Corporate insiders own 47.59% of the company’s stock.

Wall Street Analyst Weigh In

PGY has been the subject of several analyst reports. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Zacks Research raised shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $32.00 price objective on shares of Pagaya Technologies in a report on Monday, May 18th. Finally, Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $34.50.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.