Pagaya Technologies (NASDAQ:PGY) Issues Quarterly Earnings Results

Pagaya Technologies (NASDAQ:PGY) announced its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.32), Zacks reports. Pagaya Technologies had a negative net margin of 18.48% and a positive return on equity of 1.01%. The firm had revenue of $279.39 million for the quarter, compared to analyst estimates of $264.28 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Pagaya Technologies updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Pagaya Technologies Stock Up 5.0 %

Shares of PGY traded up $0.73 on Friday, reaching $15.37. The company’s stock had a trading volume of 4,083,099 shares, compared to its average volume of 1,483,567. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. Pagaya Technologies has a twelve month low of $8.20 and a twelve month high of $20.00. The stock has a market capitalization of $1.13 billion, a PE ratio of -6.05 and a beta of 6.09. The firm has a fifty day moving average of $9.77 and a 200-day moving average of $11.13.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Tami Rosen sold 35,369 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $15.00, for a total transaction of $530,535.00. Following the completion of the sale, the insider now owns 38,181 shares in the company, valued at $572,715. This trade represents a 48.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Sanjiv Das sold 7,282 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $8.85, for a total transaction of $64,445.70. Following the completion of the transaction, the president now directly owns 91,163 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders sold 101,692 shares of company stock worth $1,205,379. Insiders own 49.56% of the company’s stock.

Wall Street Analysts Forecast Growth

PGY has been the subject of several research analyst reports. Citigroup upgraded shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $14.50 in a report on Friday, February 7th. UBS Group initiated coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 price target for the company. JMP Securities upped their price target on shares of Pagaya Technologies from $25.00 to $26.00 and gave the stock a “market outperform” rating in a report on Friday. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $25.00 price target on shares of Pagaya Technologies in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.