Pagaya Technologies Ltd (NASDAQ:PGY) shares traded -35.58% lower at $10.88 on Wall Street last session.
PGY stock price is now -6.87% away from the 50-day moving average and -13.07% away from the 200-day moving average. The market capitalization of the company currently stands at $792.28M.
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With the price target of $12, Oppenheimer recently initiated with Outperform rating for Pagaya Technologies Ltd (NASDAQ: PGY). , while ‘Keefe Bruyette’ rates the stock as ‘Outperform’
In other news, Yulzari Yahav, Chief Business Officer sold 150,000 shares of the company’s stock on Nov 11 ’24. The stock was sold for $2,324,790 at an average price of $15.50. Upon completion of the transaction, the Chief Business Officer now directly owns 161,637 shares in the company, valued at $1.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Chief Technology Officer Pardo Avital sold 150,000 shares of the business’s stock. A total of $2,325,165 was realized by selling the stock at an average price of $15.50. This leaves the insider owning 283,125 shares of the company worth $3.08 million. A total of 51.88% of the company’s stock is owned by insiders.
During the past 12 months, Pagaya Technologies Ltd has had a low of $8.56 and a high of $20.50. As of last week, the company has a debt-to-equity ratio of 1.43, a current ratio of 1.50, and a quick ratio of 1.50. The fifty day moving average price for PGY is $11.7418 and a two-hundred day moving average price translates $12.53875 for the stock.
The latest earnings results from Pagaya Technologies Ltd (NASDAQ: PGY) was released for 2024-06-30. The net profit margin was -14.83% and return on equity was -25.20% for PGY. The company reported revenue of $250.34 million for the quarter, compared to $195.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.98 percent.
