Analysts Set Pagaya Technologies Ltd. (NASDAQ:PGY) Target Price at $23.93

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $24.14.

A number of brokerages recently weighed in on PGY. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday, August 12th. Benchmark reaffirmed a “buy” rating and set a $22.00 target price on shares of Pagaya Technologies in a report on Friday, May 10th. Citigroup began coverage on Pagaya Technologies in a research report on Friday, May 24th. They set a “neutral” rating and a $14.00 price target on the stock. Wedbush restated a “neutral” rating and set a $13.00 price objective on shares of Pagaya Technologies in a research note on Monday, August 12th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 target price on shares of Pagaya Technologies in a research note on Monday, August 12th.

Insider Buying and Selling at Pagaya Technologies

In other news, Director Nicole Torraco sold 4,743 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $12.04, for a total transaction of $57,105.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Evangelos Perros sold 11,293 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $12.15, for a total transaction of $137,209.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nicole Torraco sold 4,743 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $12.04, for a total value of $57,105.72. The disclosure for this sale can be found here. Insiders have sold 39,499 shares of company stock valued at $565,108 in the last quarter. Corporate insiders own 19.70% of the company’s stock.

Institutional Trading of Pagaya Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new position in Pagaya Technologies during the second quarter valued at about $74,000. SG Americas Securities LLC bought a new position in shares of Pagaya Technologies during the 2nd quarter valued at about $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Pagaya Technologies in the 2nd quarter worth approximately $166,000. Cubist Systematic Strategies LLC grew its stake in shares of Pagaya Technologies by 50.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 43,813 shares of the company’s stock worth $559,000 after purchasing an additional 14,629 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Pagaya Technologies in the 2nd quarter worth approximately $187,000. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Stock Down 2.1 %

PGY stock opened at $11.93 on Monday. The firm has a market cap of $845.84 million, a price-to-earnings ratio of -8.46 and a beta of 6.44. Pagaya Technologies has a 1-year low of $8.56 and a 1-year high of $29.76. The firm has a fifty day moving average price of $13.27 and a two-hundred day moving average price of $12.69. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.36 and a quick ratio of 2.36.

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.