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

Pagaya Technologies Ltd. (NASDAQ:PGY) insider Yahav Yulzari sold 150,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.50, for a total value of $2,325,000.00. Following the transaction, the insider now owns 161,637 shares in the company, valued at $2,505,373.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock traded down $6.01 during trading on Tuesday, reaching $10.88. The company’s stock had a trading volume of 12,872,448 shares, compared to its average volume of 1,353,375. The stock has a 50-day moving average price of $11.74 and a two-hundred day moving average price of $12.35. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.72. Pagaya Technologies Ltd. has a one year low of $8.56 and a one year high of $20.50. The stock has a market capitalization of $781.35 million, a P/E ratio of -5.58 and a beta of 6.33.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.11). The firm had revenue of $250.34 million for the quarter, compared to the consensus estimate of $239.16 million. Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. As a group, sell-side analysts anticipate that Pagaya Technologies Ltd. will post -0.09 EPS for the current fiscal year.

Institutional Trading of Pagaya Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in shares of Pagaya Technologies in the 2nd quarter valued at approximately $74,000. SG Americas Securities LLC acquired a new position in shares of Pagaya Technologies in the 2nd quarter valued at approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Pagaya Technologies in the 2nd quarter valued at approximately $166,000. The Manufacturers Life Insurance Company acquired a new position in shares of Pagaya Technologies in the 2nd quarter valued at approximately $187,000. Finally, Castle Hook Partners LP acquired a new position in shares of Pagaya Technologies in the 1st quarter valued at approximately $188,000. 57.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Benchmark reiterated a “buy” rating and issued a $21.00 target price on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Canaccord Genuity Group cut their target price on Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Wedbush reissued a “neutral” rating and set a $13.00 price target on shares of Pagaya Technologies in a report on Monday, August 12th. Finally, B. Riley lowered their price target on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.

About Pagaya Technologies

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.