Pagaya Technologies Ltd. (NASDAQ:PGY) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Pagaya Technologies Ltd. (NASDAQ:PGYFree Report) by 43.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,967 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. Raymond James & Associates’ holdings in Pagaya Technologies were worth $209,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PGY. Osaic Holdings Inc. acquired a new position in shares of Pagaya Technologies during the 2nd quarter worth $29,000. Jefferies Financial Group Inc. bought a new position in Pagaya Technologies in the 4th quarter worth $31,000. Bank of America Corp DE raised its holdings in Pagaya Technologies by 299.6% in the 1st quarter. Bank of America Corp DE now owns 33,344 shares of the company’s stock worth $34,000 after acquiring an additional 25,000 shares during the period. Squarepoint Ops LLC bought a new position in Pagaya Technologies in the 4th quarter worth $35,000. Finally, State of Wyoming bought a new position in Pagaya Technologies in the 4th quarter worth $38,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

Pagaya Technologies Stock Performance

NASDAQ PGY opened at $1.11 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.63 and a quick ratio of 4.63. The company’s fifty day moving average is $1.28 and its two-hundred day moving average is $1.59. Pagaya Technologies Ltd. has a 52-week low of $0.78 and a 52-week high of $2.83. The firm has a market capitalization of $786.89 million, a price-to-earnings ratio of -5.29 and a beta of 6.92.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JMP Securities dropped their target price on shares of Pagaya Technologies from $2.75 to $2.25 and set a “market outperform” rating on the stock in a report on Monday, October 16th. Jefferies Financial Group assumed coverage on shares of Pagaya Technologies in a research report on Thursday, December 14th. They issued a “buy” rating and a $2.50 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.23.

Read Our Latest Research Report on Pagaya Technologies

Pagaya Technologies Profile

(Free Report)

Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and internationally. It primarily develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. The company's partners include high-growth financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers.

See Also

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Institutional Ownership by Quarter for Pagaya Technologies (NASDAQ:PGY)

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