Pagaya Technologies (NASDAQ:PGY) Director Tami Rosen Sells 9,944 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 9,944 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $15.20, for a total transaction of $151,148.80. Following the completion of the sale, the director directly owned 37,544 shares in the company, valued at approximately $570,668.80. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Tami Rosen also recently made the following trade(s):

• On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The stock was sold at an average price of $16.23, for a total value of $92,202.63.
• On Friday, April 17th, Tami Rosen sold 9,720 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.14, for a total value of $147,160.80.

Pagaya Technologies Price Performance

NASDAQ:PGY opened at $15.00 on Wednesday. The company has a market cap of $1.24 billion, a P/E ratio of 14.02 and a beta of 5.35. The firm’s fifty day moving average price is $14.29 and its two-hundred day moving average price is $16.12. Pagaya Technologies Ltd. has a one year low of $10.40 and a one year high of $44.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 12.09 and a quick ratio of 12.09.

Pagaya Technologies (NASDAQ:PGY) last announced its earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%.The company had revenue of $91.63 million for the quarter. Equities analysts expect that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on PGY. Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Zacks Research raised Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $32.00 price objective on shares of Pagaya Technologies in a research report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $34.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Moody National Bank Trust Division grew its holdings in shares of Pagaya Technologies by 2.4% during the 4th quarter. Moody National Bank Trust Division now owns 28,978 shares of the company’s stock valued at $606,000 after purchasing an additional 666 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake in Pagaya Technologies by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 72,036 shares of the company’s stock valued at $1,506,000 after purchasing an additional 736 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Pagaya Technologies by 5.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 15,136 shares of the company’s stock valued at $176,000 after purchasing an additional 776 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Pagaya Technologies by 5.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,493 shares of the company’s stock valued at $345,000 after buying an additional 790 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Pagaya Technologies by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 27,845 shares of the company’s stock worth $582,000 after buying an additional 867 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.