87,260 Shares in Pagaya Technologies Ltd. $PGY Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in shares of Pagaya Technologies Ltd. (NASDAQ:PGY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 87,260 shares of the company’s stock, valued at approximately $1,824,000. Landscape Capital Management L.L.C. owned about 0.11% of Pagaya Technologies as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Pagaya Technologies during the 4th quarter worth about $27,000. Transamerica Financial Advisors LLC acquired a new position in shares of Pagaya Technologies during the 4th quarter worth about $30,000. Quarry LP lifted its position in shares of Pagaya Technologies by 330.8% during the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock worth $35,000 after purchasing an additional 1,277 shares during the last quarter. LSV Asset Management acquired a new position in shares of Pagaya Technologies during the 3rd quarter worth about $36,000. Finally, Empowered Funds LLC acquired a new position in Pagaya Technologies in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PGY. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Zacks Research raised Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $32.00 price target on shares of Pagaya Technologies in a report on Monday, May 18th. Finally, Weiss Ratings cut Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $34.50.

Insider Activity

In related news, CFO Evangelos Perros sold 13,004 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $11.34, for a total transaction of $147,465.36. Following the sale, the chief financial officer directly owned 122,174 shares in the company, valued at $1,385,453.16. This represents a 9.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Cory Vieira sold 2,140 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $15.01, for a total value of $32,121.40. Following the sale, the chief accounting officer owned 18,179 shares in the company, valued at approximately $272,866.79. This trade represents a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 24,864 shares of company stock worth $326,748. Company insiders own 47.59% of the company’s stock.

Pagaya Technologies Trading Up 1.7%

PGY stock opened at $15.68 on Tuesday. Pagaya Technologies Ltd. has a 1-year low of $10.40 and a 1-year high of $44.99. The firm has a market cap of $1.30 billion, a P/E ratio of 14.65 and a beta of 5.35. The business’s 50 day moving average is $13.89 and its 200-day moving average is $16.49. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) earnings per share for the quarter. Pagaya Technologies had a net margin of 7.39% and a return on equity of 44.75%. The company had revenue of $91.63 million during the quarter. Equities analysts anticipate that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.