Pagaya Technologies Ltd. (NASDAQ:PGY) Receives $34.33 Consensus Target Price from Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $34.3333.

A number of research firms have recently commented on PGY. Weiss Ratings reissued a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. Canaccord Genuity Group lifted their price objective on Pagaya Technologies from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Wall Street Zen cut Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 30th. Citigroup raised their target price on Pagaya Technologies from $16.50 to $40.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Zacks Research lowered Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 13,304 shares of Pagaya Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $40.62, for a total transaction of $540,408.48. Following the sale, the president owned 96,885 shares of the company’s stock, valued at $3,935,468.70. The trade was a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Evangelos Perros sold 14,356 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $37.34, for a total transaction of $536,053.04. Following the completion of the sale, the chief financial officer owned 59,079 shares of the company’s stock, valued at $2,206,009.86. This trade represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 95,081 shares of company stock worth $3,475,010. Corporate insiders own 47.59% of the company’s stock.

Institutional Trading of Pagaya Technologies

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in Pagaya Technologies by 5,431.3% in the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company’s stock worth $46,000 after purchasing an additional 4,345 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Pagaya Technologies by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,361 shares of the company’s stock worth $130,000 after buying an additional 1,094 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Pagaya Technologies by 446.1% during the first quarter. Bank of New York Mellon Corp now owns 482,018 shares of the company’s stock worth $5,052,000 after buying an additional 393,752 shares in the last quarter. CWM LLC boosted its stake in Pagaya Technologies by 79,828.6% during the first quarter. CWM LLC now owns 11,190 shares of the company’s stock worth $117,000 after buying an additional 11,176 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in Pagaya Technologies in the 1st quarter valued at $246,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Stock Performance

NASDAQ:PGY opened at $24.45 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $1.87 billion, a PE ratio of -6.38 and a beta of 5.83. Pagaya Technologies has a fifty-two week low of $8.20 and a fifty-two week high of $44.99. The company has a fifty day moving average of $32.35 and a two-hundred day moving average of $25.66.

About Pagaya Technologies

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.