G2 Investment Partners Management LLC Takes $5.40 Million Position in Pagaya Technologies Ltd. $PGY

by · The Cerbat Gem

G2 Investment Partners Management LLC purchased a new stake in shares of Pagaya Technologies Ltd. (NASDAQ:PGY – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 253,437 shares of the company’s stock, valued at approximately $5,403,000. G2 Investment Partners Management LLC owned about 0.33% of Pagaya Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PGY. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Pagaya Technologies during the 2nd quarter valued at $25,000. Virtus Advisers LLC bought a new position in Pagaya Technologies during the first quarter valued at about $35,000. Caitong International Asset Management Co. Ltd increased its holdings in Pagaya Technologies by 35.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock worth $42,000 after buying an additional 520 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Pagaya Technologies by 77.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,435 shares of the company’s stock worth $95,000 after buying an additional 1,935 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in Pagaya Technologies in the first quarter valued at about $107,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Stock Performance

Shares of PGY opened at $22.70 on Friday. The stock’s 50-day simple moving average is $25.96 and its 200 day simple moving average is $27.58. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -8.50 and a beta of 5.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 11.41 and a current ratio of 11.41. Pagaya Technologies Ltd. has a 52-week low of $8.27 and a 52-week high of $44.99.

Insider Transactions at Pagaya Technologies

In other news, CFO Evangelos Perros sold 12,754 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $30.20, for a total value of $385,170.80. Following the completion of the transaction, the chief financial officer directly owned 78,163 shares in the company, valued at approximately $2,360,522.60. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tami Rosen sold 15,026 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $30.73, for a total transaction of $461,748.98. Following the sale, the insider directly owned 28,181 shares in the company, valued at $866,002.13. This trade represents a 34.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 71,290 shares of company stock valued at $2,572,502. 47.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $48.00 price target on shares of Pagaya Technologies in a research note on Wednesday, October 1st. Zacks Research cut Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Pagaya Technologies in a research note on Tuesday, October 14th. Canaccord Genuity Group upped their price objective on shares of Pagaya Technologies from $36.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen lowered shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

Read Our Latest Stock Report on Pagaya Technologies

Pagaya Technologies Profile

(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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