World Investment Advisors Invests $1.16 Million in Pagaya Technologies Ltd. $PGY

World Investment Advisors bought a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 55,688 shares of the company’s stock, valued at approximately $1,164,000.

A number of other large investors also recently modified their holdings of the stock. Bailard Inc. lifted its position in shares of Pagaya Technologies by 81.2% during the fourth quarter. Bailard Inc. now owns 12,500 shares of the company’s stock worth $261,000 after purchasing an additional 5,600 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Pagaya Technologies by 5.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 16,493 shares of the company’s stock valued at $345,000 after buying an additional 790 shares during the period. Truist Financial Corp acquired a new position in Pagaya Technologies in the fourth quarter valued at approximately $242,000. New York State Teachers Retirement System acquired a new position in Pagaya Technologies in the fourth quarter valued at approximately $88,000. Finally, Kestra Private Wealth Services LLC lifted its holdings in Pagaya Technologies by 37.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 33,983 shares of the company’s stock valued at $710,000 after buying an additional 9,222 shares during the period. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Pagaya Technologies Stock Performance

PGY opened at $13.54 on Monday. The firm’s fifty day moving average is $12.65 and its two-hundred day moving average is $18.03. The company has a debt-to-equity ratio of 1.25, a quick ratio of 12.09 and a current ratio of 12.09. The firm has a market cap of $1.12 billion, a PE ratio of 12.65 and a beta of 5.42. Pagaya Technologies Ltd. has a twelve month low of $10.40 and a twelve month high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last posted its earnings results on Sunday, March 22nd. The company reported ($40.85) earnings per share for the quarter. The firm had revenue of $91.63 million during the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%. Equities research analysts anticipate that Pagaya Technologies Ltd. will post 2.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark cut their price objective on shares of Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Jefferies Financial Group cut their price objective on shares of Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Canaccord Genuity Group cut their price objective on shares of Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Freedom Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Citigroup cut their price objective on shares of Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Insiders Place Their Bets

In other Pagaya Technologies news, President Sanjiv Das sold 9,702 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.99, for a total value of $106,624.98. Following the sale, the president directly owned 144,034 shares in the company, valued at approximately $1,582,933.66. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Evangelos Perros sold 13,004 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $11.34, for a total transaction of $147,465.36. Following the completion of the sale, the chief financial officer owned 122,174 shares in the company, valued at approximately $1,385,453.16. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 46,756 shares of company stock worth $558,738. Company insiders own 47.59% of the company’s stock.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.