Virtu Financial LLC Invests $223,000 in Pagaya Technologies Ltd. (NASDAQ:PGY)

Virtu Financial LLC purchased a new position in Pagaya Technologies Ltd. (NASDAQ:PGY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,134 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGY. nVerses Capital LLC bought a new stake in shares of Pagaya Technologies during the 2nd quarter worth $74,000. SG Americas Securities LLC bought a new position in shares of Pagaya Technologies in the second quarter worth about $101,000. BNP Paribas Financial Markets boosted its stake in shares of Pagaya Technologies by 48.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after purchasing an additional 3,181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Pagaya Technologies during the 2nd quarter valued at approximately $166,000. Finally, The Manufacturers Life Insurance Company increased its position in Pagaya Technologies by 13.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after purchasing an additional 1,937 shares in the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

Insider Transactions at Pagaya Technologies

In other Pagaya Technologies news, insider Yahav Yulzari purchased 23,600 shares of the business’s stock in a transaction on Monday, September 30th. The shares were purchased at an average cost of $10.52 per share, for a total transaction of $248,272.00. Following the acquisition, the insider now owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This represents a 8.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tami Rosen sold 17,570 shares of Pagaya Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20. Following the completion of the sale, the insider now directly owns 73,516 shares of the company’s stock, valued at approximately $886,602.96. This trade represents a 19.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,045 shares of company stock worth $2,755,982. Company insiders own 49.56% of the company’s stock.

Pagaya Technologies Stock Performance

Shares of PGY stock opened at $9.09 on Thursday. The stock has a market capitalization of $669.53 million, a PE ratio of -3.58 and a beta of 6.11. The business’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $12.06. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. Pagaya Technologies Ltd. has a one year low of $8.20 and a one year high of $20.40.

Analysts Set New Price Targets

A number of analysts have weighed in on PGY shares. Benchmark restated a “buy” rating and issued a $21.00 target price on shares of Pagaya Technologies in a research report on Wednesday, October 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Tuesday, September 3rd. Canaccord Genuity Group dropped their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Oppenheimer assumed coverage on Pagaya Technologies in a report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price target on the stock. Finally, B. Riley dropped their price objective on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a report on Monday, September 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $21.13.

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.