2 weeks Ago By ABMN Staff
Pagaya Technologies Ltd. ( NASDAQ:PGY – Get Free Report ) saw unusually-strong trading volume on Friday . Approximately 2,480,047 shares traded hands during trading, an increase of 106% from the previous session’s volume of 1,206,466 shares.
The stock last traded at $10.40 and had previously closed at $9.65.
Wall Street Analyst Weigh In A number of analysts recently commented on PGY shares. Benchmark assumed coverage on Pagaya Technologies in a research report on Monday, August 26th. They set a “buy” rating and a $21.
00 price objective for the company. Wedbush reissued a “neutral” rating and issued a $13.00 price target on shares of Pagaya Technologies in a research note on Monday, August 12th.
Keefe, Bruyette & Woods assumed coverage on Pagaya Technologies in a research note on Monday, June 17th. They issued an “outperform” rating and a $23.00 price target on the stock.
Canaccord Genuity Group reissued a “buy” rating and issued a $42.00 price target on shares of Pagaya Technologies in a research note on Monday, August 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $25.
00 price target on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.
com, Pagaya Technologies has a consensus rating of “Moderate Buy” and an average target price of $24.00. Check Out Our Latest Research Report on PGY Pagaya Technologies Stock Up 3.
2 % Pagaya Technologies ( NASDAQ:PGY – Get Free Report ) last released 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 during the quarter, compared to analyst estimates of $239.16 million. Pagaya Technologies had a negative net margin of 14.
58% and a negative return on equity of 3.10%. On average, equities analysts expect that Pagaya Technologies Ltd.
will post -0.11 earnings per share for the current fiscal year. Insider Activity In related news, President Sanjiv Das sold 10,794 shares of the firm’s stock in a transaction dated Tuesday, July 16th.
The stock was sold at an average price of $14.57, for a total transaction of $157,268.58.
Following the sale, the president now directly owns 66,232 shares in the company, valued at approximately $965,000.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link .
In related news, insider Tami Rosen sold 8,025 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $14.70, for a total transaction of $117,967.
50. Following the sale, the insider now directly owns 55,751 shares in the company, valued at approximately $819,539.70.
The sale was disclosed in a document filed with the SEC, which is accessible through this link . Also, President Sanjiv Das sold 10,794 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $14.
57, for a total value of $157,268.58. Following the sale, the president now owns 66,232 shares in the company, valued at $965,000.
24. The disclosure for this sale can be found here . Insiders have sold 68,203 shares of company stock valued at $995,963 in the last three months.
Corporate insiders own 19.70% of the company’s stock. Institutional Investors Weigh In On Pagaya Technologies Hedge funds have recently modified their holdings of the stock.
Quadrature Capital Ltd purchased a new stake in Pagaya Technologies during the 4th quarter worth approximately $1,079,000. Swiss National Bank purchased a new stake in Pagaya Technologies during the 4th quarter worth approximately $658,000. Allspring Global Investments Holdings LLC purchased a new stake in Pagaya Technologies during the 1st quarter worth approximately $12,686,000.
Mirae Asset Global Investments Co. Ltd. increased its holdings in Pagaya Technologies by 14.
2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd.
now owns 675,064 shares of the company’s stock worth $6,818,000 after purchasing an additional 83,913 shares during the last quarter. Finally, ARK Investment Management LLC increased its holdings in Pagaya Technologies by 36.2% during the 2nd quarter.
ARK Investment Management LLC now owns 221,810 shares of the company’s stock worth $2,830,000 after purchasing an additional 58,939 shares during the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.
Pagaya Technologies Company Profile ( Get Free Report ) 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.
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