UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,765 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) by 4.1% in the third quarter, HoldingsChannel.com reports. The firm owned 64,305 shares of the company’s stock after selling 2,765 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Pagaya Technologies were worth $680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millennium Management LLC boosted its position 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 buying an additional 179,235 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in Pagaya Technologies during the 2nd quarter worth $2,273,000. Yarra Square Partners LP boosted its holdings in Pagaya Technologies by 29.9% during the 2nd quarter. Yarra Square Partners LP now owns 619,345 shares of the company’s stock worth $7,903,000 after acquiring an additional 142,500 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Pagaya Technologies in the 2nd quarter worth $1,564,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Pagaya Technologies in the third quarter valued at about $787,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pagaya Technologies

In related news, insider Tami Rosen sold 17,570 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20. Following the sale, the insider now directly owns 73,516 shares in the company, valued at approximately $886,602.96. This represents a 19.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Yahav Yulzari acquired 23,600 shares of Pagaya Technologies stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average price of $10.52 per share, with a total value of $248,272.00. Following the completion of the purchase, the insider now directly owns 311,637 shares in the company, valued at $3,278,421.24. This represents a 8.19 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 186,045 shares of company stock valued at $2,755,982. Company insiders own 49.56% of the company’s stock.

Pagaya Technologies Trading Down 4.2 %

Shares of PGY stock opened at $8.71 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. The firm has a market cap of $641.54 million, a P/E ratio of -3.43 and a beta of 6.11. The company has a 50 day moving average of $10.80 and a 200-day moving average of $12.04. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $20.04.

Analyst Upgrades and Downgrades

PGY has been the topic of several analyst reports. JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Tuesday, September 3rd. Canaccord Genuity Group dropped their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $21.00 target price on shares of Pagaya Technologies in a report on Wednesday, October 16th. Oppenheimer began coverage on Pagaya Technologies in a report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price target on the stock. Finally, B. Riley cut their price objective on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.13.

About Pagaya Technologies

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.