Pagaya Technologies (NASDAQ:PGY) Issues Earnings Results

Pagaya Technologies (NASDAQ:PGY - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.32), Zacks reports. Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. The company had revenue of $279.39 million during the quarter, compared to analyst estimates of $264.28 million. During the same period in the previous year, the company posted $0.24 EPS. Pagaya Technologies updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Pagaya Technologies Trading Down 2.7 %

Shares of NASDAQ PGY traded down $0.45 during mid-day trading on Wednesday, hitting $16.50. The stock had a trading volume of 4,074,606 shares, compared to its average volume of 2,942,674. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies has a 1 year low of $8.20 and a 1 year high of $20.00. The business has a 50 day moving average price of $10.26 and a two-hundred day moving average price of $11.16. The firm has a market cap of $1.22 billion, a P/E ratio of -3.00 and a beta of 6.09.

Insider Buying and Selling

In related news, insider Tami Rosen sold 21,547 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total transaction of $214,823.59. Following the sale, the insider now directly owns 73,550 shares of the company's stock, valued at approximately $733,293.50. This represents a 22.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Sanjiv Das sold 7,282 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $8.85, for a total transaction of $64,445.70. Following the sale, the president now directly owns 91,163 shares in the company, valued at $806,792.55. This trade represents a 7.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,692 shares of company stock valued at $1,205,379 over the last three months. 49.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

PGY has been the subject of a number of research analyst reports. JMP Securities lifted their target price on Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. UBS Group assumed coverage on shares of Pagaya Technologies in a research report on Friday, December 20th. They set a "neutral" rating and a $11.00 price target on the stock. Citigroup upgraded shares of Pagaya Technologies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $13.00 to $14.50 in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $25.00 price objective on shares of Pagaya Technologies in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Pagaya Technologies has an average rating of "Moderate Buy" and an average target price of $20.17.

Pagaya Technologies Company Profile

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.