Yahav Yulzari Buys 23,600 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari bought 23,600 shares of the company’s stock in a transaction on Monday, September 30th. The stock was bought at an average cost of $10.52 per share, for a total transaction of $248,272.00. Following the completion of the acquisition, the insider now directly owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Yahav Yulzari also recently made the following trade(s):

• On Friday, August 9th, Yahav Yulzari sold 11,662 shares of Pagaya Technologies stock. The stock was sold at an average price of $15.78, for a total value of $184,026.36.

Pagaya Technologies Stock Down 0.1 %

Pagaya Technologies stock opened at $9.89 on Friday. The stock has a market cap of $701.20 million, a PE ratio of -7.01 and a beta of 6.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.50 and a current ratio of 1.50. Pagaya Technologies Ltd. has a one year low of $8.56 and a one year high of $20.50. The stock has a fifty day moving average of $12.26 and a 200 day moving average of $12.03.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The company had revenue of $250.34 million during the quarter, compared to analysts’ expectations of $239.16 million. Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. As a group, sell-side analysts predict that Pagaya Technologies Ltd. will post -0.11 EPS for the current year.

Hedge Funds Weigh In On Pagaya Technologies

A number of hedge funds have recently made changes to their positions in PGY. nVerses Capital LLC bought a new position in shares of Pagaya Technologies in the second quarter worth about $74,000. SG Americas Securities LLC bought a new position in Pagaya Technologies during the second quarter valued at approximately $101,000. Cornerstone Investment Partners LLC bought a new position in Pagaya Technologies during the first quarter valued at approximately $158,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Pagaya Technologies during the second quarter valued at approximately $166,000. Finally, The Manufacturers Life Insurance Company bought a new position in Pagaya Technologies during the second quarter valued at approximately $187,000. Institutional investors own 57.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PGY. Wedbush reissued a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a report on Monday, August 12th. Benchmark began coverage on Pagaya Technologies in a research note on Monday, August 26th. They issued a “buy” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods began coverage on Pagaya Technologies in a research note on Monday, June 17th. They issued an “outperform” rating and a $23.00 price target for the company. Canaccord Genuity Group decreased their price target on Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Oppenheimer began coverage on Pagaya Technologies in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.

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.