Evangelos Perros Sells 1,750 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros sold 1,750 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $12.81, for a total transaction of $22,417.50. Following the sale, the chief financial officer now directly owns 2,416 shares of the company’s stock, valued at approximately $30,948.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Evangelos Perros also recently made the following trade(s):

• On Thursday, August 1st, Evangelos Perros sold 24,171 shares of Pagaya Technologies stock. The stock was sold at an average price of $13.55, for a total value of $327,517.05.
• On Tuesday, June 25th, Evangelos Perros sold 11,293 shares of Pagaya Technologies stock. The stock was sold at an average price of $12.15, for a total value of $137,209.95.

Pagaya Technologies Stock Performance

Shares of NASDAQ:PGY traded down $0.01 on Wednesday, hitting $12.71. The company had a trading volume of 461,841 shares, compared to its average volume of 1,147,791. The stock has a market cap of $901.14 million, a price-to-earnings ratio of -9.01 and a beta of 6.44. The stock has a 50 day moving average price of $13.29 and a 200 day moving average price of $12.67. Pagaya Technologies Ltd. has a 1-year low of $8.56 and a 1-year high of $29.76. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

PGY has been the topic of a number of research reports. JMP Securities reissued a “market outperform” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday, August 12th. Keefe, Bruyette & Woods began coverage on Pagaya Technologies in a research report on Monday, June 17th. They set an “outperform” rating and a $23.00 price target on the stock. Wedbush reissued a “neutral” rating and issued a $13.00 price objective on shares of Pagaya Technologies in a report on Monday, August 12th. Benchmark restated a “buy” rating and set a $22.00 target price on shares of Pagaya Technologies in a report on Friday, May 10th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 price target on shares of Pagaya Technologies in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Pagaya Technologies has a consensus rating of “Moderate Buy” and an average price target of $24.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in Pagaya Technologies during the second quarter worth approximately $74,000. SG Americas Securities LLC bought a new position in shares of Pagaya Technologies during the second quarter worth approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Pagaya Technologies during the 2nd quarter worth approximately $166,000. The Manufacturers Life Insurance Company acquired a new position in Pagaya Technologies in the 2nd quarter valued at $187,000. Finally, Cornerstone Investment Partners LLC acquired a new position in Pagaya Technologies in the 1st quarter valued at $158,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

About Pagaya Technologies

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.