Pagaya Technologies (NASDAQ:PGY) Trading Down 4.2%

Pagaya Technologies Ltd. (NASDAQ:PGY)’s share price dropped 4.2% on Friday . The stock traded as low as $10.98 and last traded at $10.98. Approximately 84,093 shares traded hands during trading, a decline of 93% from the average daily volume of 1,246,556 shares. The stock had previously closed at $11.46.

Analyst Upgrades and Downgrades

PGY has been the topic of several research reports. Wedbush lowered their price objective on shares of Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Canaccord Genuity Group restated a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 22nd. Finally, JMP Securities lowered their price objective on shares of Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Monday, April 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.08.

Pagaya Technologies Stock Performance

The company has a market cap of $634.22 million, a PE ratio of -4.97 and a beta of 6.66. The business’s 50-day moving average is $13.14 and its 200 day moving average is $14.91. The company has a debt-to-equity ratio of 0.49, a quick ratio of 4.05 and a current ratio of 4.05.

Insider Buying and Selling

In other news, CRO Yahav Yulzari purchased 60,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average price of $10.17 per share, with a total value of $610,200.00. Following the acquisition, the executive now directly owns 299,699 shares in the company, valued at $3,047,938.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CRO Yahav Yulzari purchased 60,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average price of $10.17 per share, with a total value of $610,200.00. Following the acquisition, the executive now directly owns 299,699 shares in the company, valued at $3,047,938.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Sanjiv Das purchased 22,727 shares of the business’s stock in a transaction on Friday, April 5th. The stock was purchased at an average cost of $10.57 per share, for a total transaction of $240,224.39. Following the acquisition, the president now owns 22,727 shares in the company, valued at $240,224.39. The disclosure for this purchase can be found here. Insiders have acquired a total of 194,807 shares of company stock worth $2,012,373 in the last 90 days. 19.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pagaya Technologies

Large investors have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new stake in shares of Pagaya Technologies during the 3rd quarter valued at about $25,000. Wolverine Trading LLC boosted its stake in shares of Pagaya Technologies by 279.8% during the 3rd quarter. Wolverine Trading LLC now owns 17,602 shares of the company’s stock valued at $28,000 after purchasing an additional 27,393 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Pagaya Technologies during the 3rd quarter valued at about $29,000. Osaic Holdings Inc. bought a new stake in shares of Pagaya Technologies during the 2nd quarter valued at about $29,000. Finally, Prelude Capital Management LLC bought a new stake in shares of Pagaya Technologies during the 4th quarter valued at about $30,000. Institutional investors own 57.14% of the company’s stock.

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.