Q4 EPS Estimate for Pagaya Technologies Increased by Analyst

Pagaya Technologies Ltd. (NASDAQ:PGY) – Research analysts at Wedbush lifted their Q4 2024 EPS estimates for shares of Pagaya Technologies in a report released on Monday, November 25th. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings of $0.03 per share for the quarter, up from their previous forecast of $0.02. Wedbush currently has a “Neutral” rating and a $13.00 target price on the stock. The consensus estimate for Pagaya Technologies’ current full-year earnings is $0.08 per share. Wedbush also issued estimates for Pagaya Technologies’ Q2 2025 earnings at $0.28 EPS and FY2026 earnings at $1.22 EPS.

A number of other brokerages have also recently issued reports on PGY. JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Tuesday, September 3rd. Oppenheimer initiated coverage on Pagaya Technologies in a report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Canaccord Genuity Group dropped their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, B. Riley reduced their price target on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.11.

Pagaya Technologies Trading Up 3.4 %

Pagaya Technologies stock opened at $10.71 on Wednesday. The firm has a market cap of $788.90 million, a price-to-earnings ratio of -4.22 and a beta of 6.33. Pagaya Technologies has a 1 year low of $8.20 and a 1 year high of $20.50. The firm’s 50 day moving average price is $11.04 and its two-hundred day moving average price is $12.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17.

Hedge Funds Weigh In On Pagaya Technologies

Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in Pagaya Technologies by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 41,322 shares of the company’s stock valued at $437,000 after buying an additional 1,826 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Pagaya Technologies by 13.2% in the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after purchasing an additional 1,937 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Pagaya Technologies by 48.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after purchasing an additional 3,181 shares during the last quarter. nVerses Capital LLC bought a new stake in Pagaya Technologies during the 2nd quarter valued at approximately $74,000. Finally, SG Americas Securities LLC bought a new stake in Pagaya Technologies during the 2nd quarter valued at approximately $101,000. 57.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pagaya Technologies

In other news, insider Tami Rosen sold 17,570 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total transaction of $211,894.20. Following the transaction, the insider now owns 73,516 shares in the company, valued at $886,602.96. This represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yahav Yulzari acquired 23,600 shares of Pagaya Technologies stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average cost of $10.52 per share, with a total value of $248,272.00. Following the purchase, the insider now owns 311,637 shares in the company, valued at $3,278,421.24. The trade was a 8.19 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 186,045 shares of company stock valued at $2,755,982 in the last quarter. Company insiders own 49.56% of the company’s stock.

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.