Pagaya Technologies Ltd. (NASDAQ:PGY) Receives $33.11 Average PT from Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $33.1111.

Several equities analysts have commented on PGY shares. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Jefferies Financial Group decreased their price objective on shares of Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Canaccord Genuity Group reiterated a “buy” rating and issued a $32.00 price objective on shares of Pagaya Technologies in a report on Monday, May 18th. Weiss Ratings downgraded shares of Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, Freedom Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a report on Tuesday, February 3rd.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, CFO Evangelos Perros sold 13,004 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $11.34, for a total value of $147,465.36. Following the transaction, the chief financial officer directly owned 122,174 shares in the company, valued at $1,385,453.16. The trade was a 9.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Sanjiv Das sold 9,702 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.99, for a total transaction of $106,624.98. Following the completion of the transaction, the president owned 144,034 shares in the company, valued at approximately $1,582,933.66. This represents a 6.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,756 shares of company stock worth $558,738 over the last ninety days. Insiders own 47.59% of the company’s stock.

Hedge Funds Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently modified their holdings of PGY. Root Financial Partners LLC acquired a new position in shares of Pagaya Technologies in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd grew its stake in shares of Pagaya Technologies by 351.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after acquiring an additional 1,084 shares in the last quarter. Transamerica Financial Advisors LLC acquired a new position in shares of Pagaya Technologies in the fourth quarter valued at about $30,000. Quarry LP grew its stake 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 acquiring an additional 1,277 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Pagaya Technologies in the third quarter valued at about $36,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Pagaya Technologies Stock Performance

NASDAQ PGY opened at $15.12 on Friday. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $17.20. Pagaya Technologies has a 1 year low of $10.40 and a 1 year high of $44.99. The firm has a market capitalization of $1.25 billion, a P/E ratio of 14.13 and a beta of 5.42.

Pagaya Technologies (NASDAQ:PGY) last posted its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) earnings per share (EPS) 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 anticipate that Pagaya Technologies will post 2.92 EPS for the current year.

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.