Yahav Yulzari Sells 150,000 Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) Stock

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 150,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the sale, the insider now directly owns 161,637 shares of the company’s stock, valued at approximately $2,505,373.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Yahav Yulzari also recently made the following trade(s):

• On Monday, September 30th, Yahav Yulzari purchased 23,600 shares of Pagaya Technologies stock. The stock was bought at an average price of $10.52 per share, with a total value of $248,272.00.

Pagaya Technologies Stock Down 6.4 %

PGY opened at $10.18 on Thursday. The company has a market capitalization of $731.13 million, a PE ratio of -4.01 and a beta of 6.33. The firm has a 50-day simple moving average of $11.68 and a two-hundred day simple moving average of $12.35. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Pagaya Technologies Ltd. has a 52 week low of $8.56 and a 52 week high of $20.50.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Pagaya Technologies in the 2nd quarter worth approximately $74,000. SG Americas Securities LLC purchased a new position in shares of Pagaya Technologies in the second quarter valued at $101,000. BNP Paribas Financial Markets increased its position in Pagaya Technologies by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after purchasing an additional 3,181 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Pagaya Technologies during the second quarter valued at $166,000. Finally, The Manufacturers Life Insurance Company lifted its position in Pagaya Technologies by 13.2% during the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock valued at $176,000 after purchasing an additional 1,937 shares during the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PGY has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. B. Riley reduced their price objective on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Wedbush restated a “neutral” rating and set a $13.00 target price on shares of Pagaya Technologies in a research note on Monday, August 12th. Oppenheimer began coverage on Pagaya Technologies in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target for the company. Finally, Canaccord Genuity Group lowered their price objective on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.11.

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.