Pagaya Technologies (NASDAQ:PGY) President Sanjiv Das Sells 21,289 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 21,289 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $22.00, for a total transaction of $468,358.00. Following the transaction, the president directly owned 144,186 shares in the company, valued at $3,172,092. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sanjiv Das also recently made the following trade(s):

• On Thursday, June 25th, Sanjiv Das sold 14,000 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.83, for a total transaction of $221,620.00.
• On Friday, June 12th, Sanjiv Das sold 13,309 shares of Pagaya Technologies stock. The stock was sold at an average price of $16.23, for a total transaction of $216,005.07.

Pagaya Technologies Price Performance

Shares of NASDAQ PGY opened at $22.24 on Tuesday. The company has a market capitalization of $1.84 billion, a PE ratio of 16.35 and a beta of 5.33. The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 1.12. The stock’s 50 day moving average price is $16.42 and its 200-day moving average price is $14.94. Pagaya Technologies Ltd. has a twelve month low of $10.40 and a twelve month high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.53. Pagaya Technologies had a return on equity of 51.56% and a net margin of 9.12%.The company had revenue of $317.94 million during the quarter, compared to the consensus estimate of $323.85 million. During the same period last year, the business posted $0.10 earnings per share. Pagaya Technologies’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Pagaya Technologies Ltd. will post 2.92 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PGY shares. B. Riley Financial increased their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group lifted their price objective on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Citizens Jmp increased their target price on shares of Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a research report on Friday. Finally, Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $32.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Pagaya Technologies in the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd boosted its position in Pagaya Technologies by 351.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock worth $29,000 after purchasing an additional 1,084 shares during the period. Transamerica Financial Advisors LLC purchased a new position in shares of Pagaya Technologies in the fourth quarter worth about $30,000. Quarry LP raised its position in shares of Pagaya Technologies by 330.8% in the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after purchasing an additional 1,277 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Pagaya Technologies in the fourth quarter valued at approximately $52,000. Institutional investors own 57.14% of the company’s stock.

About Pagaya Technologies

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.