Pagaya Technologies Ltd. (NASDAQ:PGY) Receives $21.13 Average Price Target from Analysts

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $21.13.

Several research analysts recently weighed in on the stock. Canaccord Genuity Group dropped their target price 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 research note on Wednesday, October 16th. B. Riley cut their target price on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Oppenheimer assumed coverage on Pagaya Technologies in a report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price objective on shares of Pagaya Technologies in a report on Tuesday, September 3rd.

Pagaya Technologies Stock Performance

PGY opened at $8.71 on Friday. The company has a 50 day simple moving average of $10.80 and a two-hundred day simple moving average of $12.04. 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 firm has a market cap of $641.54 million, a P/E ratio of -3.43 and a beta of 6.11. Pagaya Technologies has a 1-year low of $8.20 and a 1-year high of $20.04.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, insider Tami Rosen sold 7,659 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $12.00, for a total transaction of $91,908.00. Following the sale, the insider now directly owns 65,857 shares of the company’s stock, valued at $790,284. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Sanjiv Das sold 10,683 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $11.77, for a total value of $125,738.91. Following the completion of the sale, the president now directly owns 64,794 shares of the company’s stock, valued at $762,625.38. The trade was a 14.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 186,045 shares of company stock valued at $2,755,982 in the last ninety days. Corporate insiders own 49.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PGY. Tidal Investments LLC boosted its position in shares of Pagaya Technologies by 4.6% during the third quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock valued at $437,000 after buying an additional 1,826 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Pagaya Technologies by 13.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock valued at $176,000 after acquiring an additional 1,937 shares during the period. BNP Paribas Financial Markets grew its position in Pagaya Technologies by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after acquiring an additional 3,181 shares during the last quarter. nVerses Capital LLC purchased a new stake in Pagaya Technologies in the second quarter worth $74,000. Finally, SG Americas Securities LLC bought a new stake in shares of Pagaya Technologies during the second quarter worth $101,000. 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.