Shares of Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) 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.
Read Our Latest Analysis on Pagaya Technologies
Insider Buying and Selling at Pagaya Technologies
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.
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