Pagaya Technologies (NASDAQ:PGY) President Sanjiv Das Sells 14,000 Shares of Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) President Sanjiv Das sold 14,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $15.83, for a total transaction of $221,620.00. Following the completion of the sale, the president directly owned 165,475 shares in the company, valued at approximately $2,619,469.25. This represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Sanjiv Das also recently made the following trade(s):

• On Friday, June 12th, Sanjiv Das sold 13,309 shares of Pagaya Technologies stock. The shares were sold at an average price of $16.23, for a total transaction of $216,005.07.

Pagaya Technologies Stock Up 4.8%

Shares of PGY stock opened at $16.63 on Tuesday. 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 Ltd. has a 1 year low of $10.40 and a 1 year high of $44.99. The firm’s fifty day moving average price is $14.46 and its two-hundred day moving average price is $15.87. The firm has a market capitalization of $1.38 billion, a P/E ratio of 15.54 and a beta of 5.35.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%.The business had revenue of $91.63 million for the quarter. On average, equities analysts predict that Pagaya Technologies Ltd. will post 2.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in Pagaya Technologies during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd raised its stake in Pagaya Technologies by 351.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after buying an additional 1,084 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at approximately $30,000. Quarry LP lifted its position in shares of Pagaya Technologies by 330.8% in the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after buying an additional 1,277 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Pagaya Technologies during the 4th quarter worth approximately $52,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PGY has been the topic of several recent analyst reports. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Canaccord Genuity Group reissued a “buy” rating and issued a $32.00 price objective on shares of Pagaya Technologies in a report on Monday, May 18th. Zacks Research raised shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Pagaya Technologies has a consensus rating of “Buy” and a consensus price target of $34.50.

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.