Pagaya Technologies’ (PGY) Neutral Rating Reiterated at Wedbush

Wedbush reiterated their neutral rating on shares of Pagaya Technologies (NASDAQ:PGY) in a research report released on Monday, Benzinga reports. Wedbush currently has a $13.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on PGY. Canaccord Genuity Group restated a buy rating and set a $42.00 price objective on shares of Pagaya Technologies in a research report on Monday. JMP Securities restated a market outperform rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Friday, June 7th. Citigroup initiated coverage on shares of Pagaya Technologies in a research report on Friday, May 24th. They set a neutral rating and a $14.00 price objective on the stock. Benchmark reissued a buy rating and issued a $22.00 target price on shares of Pagaya Technologies in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Pagaya Technologies in a research note on Monday, June 17th. They set an outperform rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Pagaya Technologies currently has a consensus rating of Moderate Buy and a consensus price target of $24.14.

Pagaya Technologies Stock Down 1.9 %

Shares of NASDAQ PGY opened at $12.26 on Monday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.61. Pagaya Technologies has a 12-month low of $8.56 and a 12-month high of $29.76. The firm’s 50-day moving average price is $13.28 and its 200-day moving average price is $12.73. The stock has a market capitalization of $869.23 million, a price-to-earnings ratio of -8.70 and a beta of 6.44.

Insider Activity at Pagaya Technologies

In related news, Director Nicole Torraco sold 4,743 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Nicole Torraco sold 4,743 shares of Pagaya Technologies stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $12.04, for a total value of $57,105.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Avital Pardo sold 11,601 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $15.83, for a total transaction of $183,643.83. Following the transaction, the chief technology officer now owns 433,125 shares in the company, valued at $6,856,368.75. The disclosure for this sale can be found here. Insiders sold 39,499 shares of company stock worth $565,108 in the last 90 days. 19.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new stake in Pagaya Technologies during the second quarter valued at approximately $74,000. SG Americas Securities LLC acquired a new position in shares of Pagaya Technologies during the second quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Pagaya Technologies during the 2nd quarter valued at $166,000. Cubist Systematic Strategies LLC boosted its position 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 in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in Pagaya Technologies during the 1st quarter worth $158,000. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

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.