Venture Visionary Partners LLC Takes Position in Pagaya Technologies Ltd. $PGY

Venture Visionary Partners LLC bought a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,106 shares of the company’s stock, valued at approximately $1,577,000. Venture Visionary Partners LLC owned 0.07% of Pagaya Technologies at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC purchased a new position in Pagaya Technologies in the 2nd quarter valued at about $857,000. G2 Investment Partners Management LLC purchased a new stake in shares of Pagaya Technologies during the second quarter worth about $5,403,000. Jump Financial LLC lifted its stake in shares of Pagaya Technologies by 509.6% in the second quarter. Jump Financial LLC now owns 672,635 shares of the company’s stock worth $14,341,000 after acquiring an additional 562,294 shares in the last quarter. Invesco Ltd. boosted its holdings in Pagaya Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 57,875 shares of the company’s stock valued at $607,000 after purchasing an additional 9,845 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in Pagaya Technologies in the second quarter valued at about $2,027,000. 57.14% of the stock is owned by institutional investors and hedge funds.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock opened at $22.31 on Wednesday. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $25.64 and a 200-day simple moving average of $27.80. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -8.36 and a beta of 5.84. Pagaya Technologies Ltd. has a 1-year low of $8.27 and a 1-year high of $44.99.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PGY shares. Weiss Ratings restated a “sell (d-)” rating on shares of Pagaya Technologies in a report on Tuesday, October 14th. Canaccord Genuity Group lifted their price target on shares of Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Zacks Research cut shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Benchmark reissued a “buy” rating and set a $48.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 1st. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.67.

Insider Buying and Selling

In other Pagaya Technologies news, insider Tami Rosen sold 15,026 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $30.73, for a total transaction of $461,748.98. Following the completion of the transaction, the insider owned 28,181 shares of the company’s stock, valued at $866,002.13. The trade was a 34.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Evangelos Perros sold 12,754 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $30.20, for a total transaction of $385,170.80. Following the sale, the chief financial officer owned 78,163 shares of the company’s stock, valued at $2,360,522.60. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 32,563 shares of company stock worth $991,366 in the last quarter. 47.59% of the stock is currently owned by company insiders.

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.