The stock of Pagaya Technologies Ltd (NASDAQ:PGY) last traded at $13.87, up 23.29% from the previous session.
PGY stock price is now 28.72% away from the 50-day moving average and 22.89% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
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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, Yulzari Yahav, Chief Business Officer sold 925 shares of the company’s stock on May 02 ’25. The stock was sold for $11,103 at an average price of $12.00. Upon completion of the transaction, the Chief Business Officer now directly owns 160,712 shares in the company, valued at $2.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’25, Chief Technology Officer Pardo Avital sold 1,200 shares of the business’s stock. A total of $14,407 was realized by selling the stock at an average price of $12.01. This leaves the insider owning 281,925 shares of the company worth $3.91 million. A total of 48.26% 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 $19.20. As of last week, the company has a debt-to-equity ratio of 2.24, a current ratio of 1.79, and a quick ratio of 1.79.
The net profit margin was -35.49% and return on equity was -77.37% for PGY. The company reported revenue of $289.99 million for the quarter, compared to $245.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.23 percent.
