Analysts Set Pagaya Technologies Ltd. (NASDAQ:PGY) PT at $20.00

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.00.

Several analysts have commented on the stock. Canaccord Genuity Group decreased their price target on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $21.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Finally, UBS Group initiated coverage on Pagaya Technologies in a research note on Friday, December 20th. They set a “neutral” rating and a $11.00 price target for the company.

Pagaya Technologies Trading Up 3.4 %

Pagaya Technologies stock opened at $10.45 on Monday. Pagaya Technologies has a 1 year low of $8.20 and a 1 year high of $20.00. The firm’s 50 day moving average price is $9.56 and its 200-day moving average price is $11.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $769.75 million, a P/E ratio of -4.11 and a beta of 6.09.

Insiders Place Their Bets

In other news, CFO Evangelos Perros sold 21,305 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $212,410.85. Following the transaction, the chief financial officer now owns 54,029 shares of the company’s stock, valued at approximately $538,669.13. This represents a 28.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Sanjiv Das sold 6,343 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value 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. The trade was a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,477 shares of company stock valued at $2,879,920 over the last ninety days. 49.56% of the stock is owned by insiders.

Institutional Trading of Pagaya Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its stake in shares of Pagaya Technologies by 455.9% during the second quarter. Millennium Management LLC now owns 218,549 shares of the company’s stock valued at $2,789,000 after acquiring an additional 179,235 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Pagaya Technologies during the 2nd quarter worth $187,000. Cubist Systematic Strategies LLC raised its position in Pagaya Technologies by 50.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock valued at $559,000 after purchasing an additional 14,629 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Pagaya Technologies in the 3rd quarter worth $374,000. Finally, Intech Investment Management LLC bought a new position in shares of Pagaya Technologies during the 3rd quarter worth $191,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

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.