Tami Rosen Sells 1,265 Shares of Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) Director Tami Rosen sold 1,265 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $23.07, for a total transaction of $29,183.55. Following the transaction, the director owned 15,400 shares of the company’s stock, valued at approximately $355,278. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, August 3rd, Tami Rosen sold 28,181 shares of Pagaya Technologies stock. The stock was sold at an average price of $21.98, for a total transaction of $619,418.38.
• On Monday, June 22nd, Tami Rosen sold 9,944 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.20, for a total transaction of $151,148.80.
• On Friday, June 12th, Tami Rosen sold 5,681 shares of Pagaya Technologies stock. The stock was sold at an average price of $16.23, for a total transaction of $92,202.63.

Pagaya Technologies Stock Up 0.4%

Shares of PGY opened at $22.98 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The company has a 50-day simple moving average of $19.57 and a 200-day simple moving average of $15.40. Pagaya Technologies Ltd. has a 52 week low of $10.40 and a 52 week high of $44.99. The firm has a market capitalization of $1.92 billion, a P/E ratio of 16.90 and a beta of 5.35.

Analyst Ratings Changes

Several research firms have commented on PGY. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. B. Riley Financial boosted their price objective on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. TD Cowen initiated coverage on shares of Pagaya Technologies in a report on Thursday. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Citizens Jmp increased their price objective on shares of Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Pagaya Technologies has a consensus rating of “Buy” and an average target price of $31.25.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in shares of Pagaya Technologies by 4,562.7% in the first quarter. Empowered Funds LLC now owns 116,661 shares of the company’s stock worth $1,359,000 after acquiring an additional 114,159 shares during the last quarter. SPX Gestao de Recursos Ltda raised its holdings in Pagaya Technologies by 49.7% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company’s stock worth $2,098,000 after purchasing an additional 59,800 shares during the last quarter. SG Americas Securities LLC bought a new stake in Pagaya Technologies during the 1st quarter worth about $1,426,000. Q Global Advisors LLC lifted its position in Pagaya Technologies by 324.8% during the 1st quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock valued at $6,262,000 after purchasing an additional 410,996 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in shares of Pagaya Technologies by 353.2% in the 1st quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock valued at $4,354,000 after purchasing an additional 291,291 shares during the last quarter. 57.14% of the stock is owned by institutional investors.

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.