Pagaya Technologies Ltd. (NASDAQ:PGY) CRO Yahav Yulzari Sells 11,662 Shares

Pagaya Technologies Ltd. (NASDAQ:PGY) CRO Yahav Yulzari sold 11,662 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $15.78, for a total transaction of $184,026.36. Following the completion of the transaction, the executive now owns 288,037 shares of the company’s stock, valued at approximately $4,545,223.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Pagaya Technologies Trading Down 5.8 %

Pagaya Technologies stock traded down $0.88 during trading on Friday, reaching $14.22. The company had a trading volume of 3,624,248 shares, compared to its average volume of 1,144,302. Pagaya Technologies Ltd. has a 12-month low of $8.56 and a 12-month high of $33.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.36 and a current ratio of 2.36. The stock’s 50 day moving average price is $13.19 and its two-hundred day moving average price is $12.77. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.84 and a beta of 6.44.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). The company had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $229.45 million. Pagaya Technologies had a negative net margin of 10.53% and a negative return on equity of 4.23%. During the same period in the prior year, the firm earned ($0.48) earnings per share. As a group, equities analysts expect that Pagaya Technologies Ltd. will post -0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PGY. nVerses Capital LLC purchased a new position in Pagaya Technologies in the second quarter valued at approximately $74,000. SG Americas Securities LLC acquired a new stake in shares of Pagaya Technologies in the second quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Pagaya Technologies in the 2nd quarter valued at $166,000. Cornerstone Investment Partners LLC purchased a new position in shares of Pagaya Technologies in the 1st quarter valued at $158,000. Finally, Castle Hook Partners LP acquired a new position in shares of Pagaya Technologies during the 1st quarter valued at $188,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PGY. Citigroup started coverage on Pagaya Technologies in a report on Friday, May 24th. They set a “neutral” rating and a $14.00 price objective for the company. Benchmark restated a “buy” rating and issued a $22.00 price objective on shares of Pagaya Technologies in a research report on Friday, May 10th. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Friday, June 7th. Keefe, Bruyette & Woods started coverage on shares of Pagaya Technologies in a research note on Monday, June 17th. They issued an “outperform” rating and a $23.00 target price for the company. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Pagaya Technologies in a research note on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.93.

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.