Pagaya Technologies (NASDAQ:PGY) Trading 3.1% Higher

Pagaya Technologies Ltd. (NASDAQ:PGY) traded up 3.1% during trading on Wednesday . The stock traded as high as $10.23 and last traded at $10.17. 113,746 shares changed hands during trading, a decline of 91% from the average session volume of 1,232,676 shares. The stock had previously closed at $9.86.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a research note on Thursday, February 22nd. JMP Securities decreased their target price on Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating for the company in a research report on Monday, April 8th. Finally, Wedbush decreased their target price on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, March 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $38.08.

Pagaya Technologies Stock Down 5.3 %

The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $12.89 and a two-hundred day moving average of $14.66.

Insider Activity at Pagaya Technologies

In other news, CRO Yahav Yulzari acquired 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average cost of $10.17 per share, for a total transaction of $610,200.00. Following the completion of the acquisition, the executive now directly owns 299,699 shares of the company’s stock, valued at approximately $3,047,938.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CRO Yahav Yulzari bought 60,000 shares of Pagaya Technologies stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of $10.17 per share, for a total transaction of $610,200.00. Following the completion of the acquisition, the executive now owns 299,699 shares of the company’s stock, valued at approximately $3,047,938.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tami Rosen bought 10,000 shares of Pagaya Technologies stock in a transaction on Friday, April 5th. The stock was purchased at an average price of $10.47 per share, with a total value of $104,700.00. Following the completion of the acquisition, the insider now directly owns 28,818 shares of the company’s stock, valued at approximately $301,724.46. The disclosure for this purchase can be found here. Insiders bought 194,807 shares of company stock worth $2,012,373 over the last three months. 19.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pagaya Technologies

Large investors have recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in shares of Pagaya Technologies during the third quarter worth about $25,000. Wolverine Trading LLC grew its stake in shares of Pagaya Technologies by 279.8% during the third quarter. Wolverine Trading LLC now owns 17,602 shares of the company’s stock worth $28,000 after acquiring an additional 27,393 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Pagaya Technologies during the third quarter worth about $29,000. Osaic Holdings Inc. purchased a new stake in shares of Pagaya Technologies during the second quarter worth about $29,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of Pagaya Technologies during the fourth quarter worth about $30,000. 57.14% of the stock is currently owned by institutional investors.

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.