Insider Selling: Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Sells $137,209.95 in Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros sold 11,293 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $12.15, for a total value of $137,209.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Pagaya Technologies Price Performance

PGY stock opened at $12.76 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.36 and a current ratio of 2.36. Pagaya Technologies Ltd. has a 1 year low of $8.56 and a 1 year high of $33.96. The firm has a market cap of $904.68 million, a P/E ratio of -9.05 and a beta of 6.49. The stock has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $13.18.

Pagaya Technologies (NASDAQ:PGY) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). Pagaya Technologies had a negative return on equity of 4.23% and a negative net margin of 10.53%. The business had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $229.45 million. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. On average, equities analysts predict that Pagaya Technologies Ltd. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently made changes to their positions in the company. Cornerstone Investment Partners LLC bought a new stake in shares of Pagaya Technologies in the 1st quarter valued at approximately $158,000. Castle Hook Partners LP bought a new stake in shares of Pagaya Technologies in the 1st quarter valued at approximately $188,000. MBE Wealth Management LLC bought a new stake in shares of Pagaya Technologies in the 4th quarter valued at approximately $31,000. Acadian Asset Management LLC bought a new stake in shares of Pagaya Technologies in the 3rd quarter valued at approximately $38,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Pagaya Technologies in the 1st quarter valued at approximately $275,000. 57.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on Pagaya Technologies in a report on Monday, June 17th. They issued an “outperform” rating and a $23.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a report on Friday, June 7th. Wedbush cut their price objective on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, March 15th. Benchmark restated a “buy” rating and issued a $22.00 price objective on shares of Pagaya Technologies in a report on Friday, May 10th. Finally, Citigroup began coverage on Pagaya Technologies in a report on Friday, May 24th. They issued a “neutral” rating and a $14.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.94.

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.