Pagaya Technologies (PGY) Expected to Announce Quarterly Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY - Get Free Report) will likely be releasing its Q4 2024 earnings data before the market opens on Thursday, February 13th. Analysts expect Pagaya Technologies to post earnings of $0.28 per share and revenue of $265.14 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Pagaya Technologies Trading Up 5.0 %

Shares of Pagaya Technologies stock traded up $0.73 on Friday, reaching $15.37. 4,083,099 shares of the company's stock were exchanged, compared to its average volume of 2,579,854. The company has a market capitalization of $1.13 billion, a P/E ratio of -6.05 and a beta of 6.09. Pagaya Technologies has a 52 week low of $8.20 and a 52 week high of $20.00. The firm's 50-day moving average is $9.77 and its two-hundred day moving average is $11.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Insider Activity

In related news, insider Tami Rosen sold 21,547 shares of Pagaya Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $214,823.59. Following the completion of the sale, the insider now owns 73,550 shares of the company's stock, valued at approximately $733,293.50. This trade represents a 22.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Evangelos Perros sold 21,305 shares of Pagaya Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total value of $212,410.85. Following the completion of the sale, the chief financial officer now directly owns 54,029 shares of the company's stock, valued at approximately $538,669.13. This trade represents a 28.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,692 shares of company stock valued at $1,205,379 in the last ninety days. 49.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on Pagaya Technologies in a report on Friday, December 20th. They issued a "neutral" rating and a $11.00 target price on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Thursday. JMP Securities increased 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. Finally, Citigroup upgraded Pagaya Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $13.00 to $14.50 in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Pagaya Technologies has a consensus rating of "Moderate Buy" and an average price target of $20.17.

About Pagaya Technologies

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.