Pagaya Technologies (NASDAQ:PGY) Posts Earnings Results, Misses Expectations By $0.32 EPS

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

Pagaya Technologies Stock Performance

Shares of NASDAQ:PGY traded up $0.73 on Friday, hitting $15.37. The company had a trading volume of 4,083,099 shares, compared to its average volume of 1,483,567. Pagaya Technologies has a 1-year low of $8.20 and a 1-year high of $20.00. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -6.05 and a beta of 6.09. The stock has a 50 day moving average price of $9.77 and a 200 day moving average price of $11.13. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82.

Wall Street Analysts Forecast Growth

PGY has been the topic of a number of research reports. JMP Securities boosted their price objective on shares of Pagaya Technologies from $25.00 to $26.00 and gave the stock a “market outperform” rating in a research report on Friday. Canaccord Genuity Group restated a “buy” rating and set a $25.00 target price on shares of Pagaya Technologies in a report on Thursday. UBS Group assumed coverage on shares of Pagaya Technologies in a report on Friday, December 20th. They set a “neutral” rating and a $11.00 target price on the stock. Finally, Citigroup upgraded shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $14.50 in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.17.

Insider Buying and Selling at Pagaya Technologies

In related news, President Sanjiv Das sold 6,343 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $63,239.71. Following the transaction, the president now directly owns 75,528 shares in the company, valued at approximately $753,014.16. This represents a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tami Rosen sold 21,547 shares of the company’s 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 completion of the transaction, the insider now owns 73,550 shares in the company, valued at $733,293.50. This trade represents a 22.66 % 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 worth $1,205,379 over the last ninety days. 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.