3,190 Shares in Pagaya Technologies Ltd. (NASDAQ:PGY) Bought by R Squared Ltd

R Squared Ltd purchased a new position in Pagaya Technologies Ltd. (NASDAQ:PGY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,190 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PGY. Point72 Asset Management L.P. increased its stake in shares of Pagaya Technologies by 4,374.9% in the third quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock worth $3,296,000 after buying an additional 304,890 shares during the last quarter. Arizona PSPRS Trust acquired a new position in Pagaya Technologies in the third quarter worth $2,183,000. Millennium Management LLC boosted its holdings in Pagaya Technologies by 455.9% in the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock worth $2,789,000 after purchasing an additional 179,235 shares during the period. JPMorgan Chase & Co. boosted its holdings in Pagaya Technologies by 502.5% in the third quarter. JPMorgan Chase & Co. now owns 152,288 shares of the company’s stock worth $1,610,000 after purchasing an additional 127,012 shares during the period. Finally, State Street Corp boosted its holdings in Pagaya Technologies by 14.6% in the third quarter. State Street Corp now owns 763,823 shares of the company’s stock worth $8,074,000 after purchasing an additional 97,135 shares during the period. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Stock Performance

Shares of PGY opened at $9.45 on Tuesday. Pagaya Technologies Ltd. has a 1 year low of $8.20 and a 1 year high of $20.00. The firm has a fifty day moving average of $9.58 and a 200-day moving average of $11.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $696.09 million, a price-to-earnings ratio of -3.72 and a beta of 6.09.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, insider Yahav Yulzari sold 150,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $15.50, for a total value of $2,325,000.00. Following the sale, the insider now directly owns 161,637 shares in the company, valued at approximately $2,505,373.50. The trade was a 48.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Sanjiv Das sold 6,343 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $63,239.71. Following the completion of the sale, the president now owns 75,528 shares in the company, valued at approximately $753,014.16. This trade represents a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,136 shares of company stock worth $2,971,828 over the last ninety days. 49.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 16th. Finally, UBS Group assumed coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Pagaya Technologies 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.