Stocks of Pagaya Technologies Ltd (NASDAQ:PGY) traded higher last session on Wall Street, up 4.11% to $11.78.
PGY stock price is now 20.27% away from the 50-day moving average and 2.16% away from the 200-day moving average. The market capitalization of the company currently stands at $867.66M.
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With the price target enhanced from $13 to $14.50, Citigroup Upgraded its rating from Neutral to Buy for Pagaya Technologies Ltd (NASDAQ: PGY). , while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, Rosen Tami, Chief Development Officer sold 9,846 shares of the company’s stock on Feb 07 ’25. The stock was sold for $119,924 at an average price of $12.18. Upon completion of the transaction, the Chief Development Officer now directly owns 73,550 shares in the company, valued at $0.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’25, Director TAMI ROSEN bought 9,846 shares of the business’s stock. A total of $108,995 was incurred on buying the stock at an average price of $11.07. A total of 48.49% of the company’s stock is owned by insiders.
During the past 12 months, Pagaya Technologies Ltd has had a low of $8.20 and a high of $20.00. As of last week, the company has a debt-to-equity ratio of 1.65, a current ratio of 1.17, and a quick ratio of 1.17. The fifty day moving average price for PGY is $9.7736 and a two-hundred day moving average price translates $11.520525 for the stock.
The latest earnings results from Pagaya Technologies Ltd (NASDAQ: PGY) was released for 2024-09-30. The net profit margin was -18.94% and return on equity was -35.64% for PGY. The company reported revenue of $257.23 million for the quarter, compared to $211.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.48 percent.
