Pagaya Technologies (NASDAQ:PGY) Director Sells $35,410.38 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 1,986 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $17.83, for a total transaction of $35,410.38. Following the completion of the sale, the director directly owned 13,414 shares of the company’s stock, valued at approximately $239,171.62. This trade represents a 12.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, September 18th, Tami Rosen sold 8,504 shares of Pagaya Technologies stock. The shares were sold at an average price of $20.38, for a total value of $173,311.52.
• On Saturday, September 12th, Tami Rosen sold 7,121 shares of Pagaya Technologies stock. The stock was sold at an average price of $20.21, for a total value of $143,915.41.
• On Thursday, September 3rd, Tami Rosen sold 1,265 shares of Pagaya Technologies stock. The stock was sold at an average price of $23.07, for a total value of $29,183.55.
• On Monday, August 3rd, Tami Rosen sold 28,181 shares of Pagaya Technologies stock. The shares were sold at an average price of $21.98, for a total value of $619,418.38.

Pagaya Technologies Stock Performance

PGY stock opened at $18.14 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 11.08 and a quick ratio of 11.08. The business has a 50-day moving average price of $20.56 and a 200 day moving average price of $16.74. The company has a market capitalization of $1.51 billion, a P/E ratio of 13.34 and a beta of 5.50. Pagaya Technologies Ltd. has a 1-year low of $10.40 and a 1-year high of $31.54.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citizens Jmp boosted their price target on shares of Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a report on Friday, July 31st. Canaccord Genuity Group increased their price objective on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group lifted their price objective on shares of Pagaya Technologies from $23.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. B. Riley Financial boosted their price objective on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Texas Capital upgraded Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $31.12.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of Pagaya Technologies by 5.4% during the first quarter. The Manufacturers Life Insurance Company now owns 15,136 shares of the company’s stock worth $176,000 after acquiring an additional 776 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Pagaya Technologies in the fourth quarter worth $27,000. Concurrent Investment Advisors LLC lifted its position in Pagaya Technologies by 5.1% during the second quarter. Concurrent Investment Advisors LLC now owns 28,903 shares of the company’s stock valued at $527,000 after purchasing an additional 1,403 shares during the period. First Bancorp Inc ME purchased a new stake in Pagaya Technologies in the second quarter valued at $36,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Pagaya Technologies during the 2nd quarter worth about $37,000. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence, machine learning and data analytics to connect financial institutions with institutional investors. Its technology analyzes large amounts of data to assess credit and other asset characteristics, helping partners originate, manage and fund assets while providing investors with access to diversified investment opportunities.

The company’s platform has supported asset classes including personal loans, auto loans and residential real estate assets.