17,511 Shares in Pagaya Technologies Ltd. (NASDAQ:PGY) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Pagaya Technologies Ltd. (NASDAQ:PGY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,511 shares of the company’s stock, valued at approximately $163,000.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Pagaya Technologies by 14.6% during the third quarter. State Street Corp now owns 763,823 shares of the company’s stock valued at $8,074,000 after acquiring an additional 97,135 shares in the last quarter. Geode Capital Management LLC raised its position in Pagaya Technologies by 7.8% during the 3rd quarter. Geode Capital Management LLC now owns 596,992 shares of the company’s stock valued at $6,310,000 after purchasing an additional 43,068 shares in the last quarter. FMR LLC lifted its holdings in shares of Pagaya Technologies by 8.3% in the 3rd quarter. FMR LLC now owns 524,570 shares of the company’s stock worth $5,545,000 after buying an additional 40,031 shares during the period. Point72 Asset Management L.P. grew its position in shares of Pagaya Technologies by 4,374.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 311,859 shares of the company’s stock worth $3,296,000 after buying an additional 304,890 shares in the last quarter. Finally, Arizona PSPRS Trust purchased a new position in shares of Pagaya Technologies during the third quarter valued at $2,183,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Pagaya Technologies

In related news, insider Tami Rosen sold 21,547 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $214,823.59. Following the transaction, the insider now directly owns 73,550 shares of the company’s stock, valued at $733,293.50. This represents a 22.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Evangelos Perros sold 21,305 shares of Pagaya Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $212,410.85. Following the sale, the chief financial officer now directly owns 54,029 shares of the company’s stock, valued at approximately $538,669.13. This represents a 28.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,692 shares of company stock valued at $1,205,379 in the last three months. 49.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PGY shares. Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. B. Riley reiterated a “buy” rating and set a $36.00 price objective on shares of Pagaya Technologies in a research note on Monday, March 17th. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Pagaya Technologies in a report on Monday, March 17th. UBS Group assumed coverage on Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 target price for the company. Finally, JMP Securities lifted their price target on Pagaya Technologies from $25.00 to $26.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.61.

Pagaya Technologies Stock Performance

Shares of PGY stock opened at $10.48 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The company has a market cap of $789.12 million, a PE ratio of -1.91 and a beta of 5.98. Pagaya Technologies Ltd. has a 12-month low of $8.20 and a 12-month high of $19.20. The business’s fifty day simple moving average is $11.59 and its 200-day simple moving average is $10.89.

Pagaya Technologies (NASDAQ:PGY) last announced its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.32). The business had revenue of $279.39 million for the quarter, compared to analyst estimates of $264.28 million. Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. During the same period in the prior year, the company earned $0.24 earnings per share. Analysts expect that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current fiscal year.

Pagaya Technologies 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.