Pagaya Technologies (PGY) Projected to Post Quarterly Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY - Get Free Report) is anticipated to release its 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. Investors interested in registering for the company's conference call can do so using this link.

Pagaya Technologies Stock Up 12.9 %

Shares of NASDAQ:PGY traded up $1.43 during mid-day trading on Friday, reaching $12.50. 5,051,180 shares of the stock were exchanged, compared to its average volume of 1,483,567. The stock's 50 day simple moving average is $9.59 and its 200-day simple moving average is $11.16. Pagaya Technologies has a one year low of $8.20 and a one year high of $20.00. The company has a market cap of $920.75 million, a P/E ratio of -4.92 and a beta of 6.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82.

Insider Transactions at Pagaya Technologies

In related news, President Sanjiv Das sold 6,343 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.97, for a total transaction of $63,239.71. Following the transaction, the president now directly owns 75,528 shares of the company's stock, valued at approximately $753,014.16. The trade was a 7.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tami Rosen sold 9,846 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $12.18, for a total value of $119,924.28. Following the completion of the sale, the insider now owns 73,550 shares in the company, valued at approximately $895,839. This trade represents a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,323 shares of company stock worth $2,999,844 in the last ninety days. Insiders own 49.56% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PGY. UBS Group began coverage on shares of Pagaya Technologies in a research note on Friday, December 20th. They set a "neutral" rating and a $11.00 price target for the company. Canaccord Genuity Group decreased their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Benchmark reissued a "buy" rating and set a $21.00 price target on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Finally, Citigroup upgraded Pagaya Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $13.00 to $14.50 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Pagaya Technologies currently has an average rating of "Moderate Buy" and an average price target of $20.06.

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.