Integrated Quantitative Investments LLC Takes $257,000 Position in Pagaya Technologies Ltd. (NASDAQ:PGY)

Integrated Quantitative Investments LLC bought a new position in Pagaya Technologies Ltd. (NASDAQ:PGY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,656 shares of the company’s stock, valued at approximately $257,000.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Pagaya Technologies during the 4th quarter valued at about $30,000. Nisa Investment Advisors LLC purchased a new position in shares of Pagaya Technologies in the fourth quarter worth approximately $57,000. KLP Kapitalforvaltning AS bought a new stake in Pagaya Technologies during the fourth quarter valued at approximately $67,000. CIBC Private Wealth Group LLC increased its holdings in Pagaya Technologies by 15.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 11,177 shares of the company’s stock valued at $101,000 after buying an additional 1,532 shares during the last quarter. Finally, BNP Paribas Financial Markets raised 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 acquiring an additional 3,181 shares during the period. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Stock Down 0.5 %

Shares of PGY stock opened at $9.60 on Friday. The company’s fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $10.83. Pagaya Technologies Ltd. has a 52 week low of $8.20 and a 52 week high of $19.20. The stock has a market cap of $722.86 million, a P/E ratio of -1.75 and a beta of 5.89. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

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

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 7,282 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.85, for a total transaction of $64,445.70. Following the sale, the president now directly owns 91,163 shares of the company’s stock, valued at $806,792.55. The trade was a 7.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tami Rosen sold 9,846 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $12.18, for a total value of $119,924.28. Following the completion of the sale, the insider now directly owns 73,550 shares of the company’s stock, valued at $895,839. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,497 shares of company stock worth $714,905 over the last 90 days. 49.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PGY shares. Benchmark reissued a “buy” rating and set a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $14.50 in a research report on Friday, February 7th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research note on Thursday, February 13th. B. Riley restated a “buy” rating and set a $36.00 target price on shares of Pagaya Technologies in a research note on Monday, March 17th. Finally, UBS Group initiated coverage on Pagaya Technologies in a research note on Friday, December 20th. They issued a “neutral” rating and a $11.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.61.

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.