Pagaya Technologies (NASDAQ:PGY) Stock Rating Reaffirmed as Buy by B. Riley Financial

Key Points

• B. Riley Financial reaffirmed a “Buy” rating on Pagaya Technologies and raised its price target from $36 to $38, implying approximately 84.8% upside from the prior close.
• Pagaya reported strong quarterly results, with EPS of $1.07 versus the $0.47 consensus and revenue of $390.49 million, up 11.5% year over year and above analyst expectations.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $31.38, though the stock’s high volatility and recent insider selling remain important risks for investors.

Pagaya Technologies (NASDAQ:PGY - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at B. Riley Financial in a report released on Friday, Benzinga reports. They currently have a $38.00 target price on the stock, up from their prior target price of $36.00. B. Riley Financial's price objective suggests a potential upside of 84.77% from the stock's previous close.

A number of other equities analysts have also weighed in on the company. Citizens Jmp boosted their target price on Pagaya Technologies from $22.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Friday, July 31st. Weiss Ratings reiterated a "hold (c-)" rating on shares of Pagaya Technologies in a research note on Monday, September 14th. TD Cowen decreased their price objective on shares of Pagaya Technologies from $26.00 to $25.00 and set a "buy" rating for the company in a report on Tuesday, October 6th. Canaccord Genuity Group raised their target price on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Jefferies Financial Group lifted their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $31.38.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $20.57 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.19 and a beta of 5.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The stock's 50 day simple moving average is $19.77 and its two-hundred day simple moving average is $16.60. Pagaya Technologies has a fifty-two week low of $10.40 and a fifty-two week high of $29.75.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.47 by $0.60. The business had revenue of $390.49 million for the quarter, compared to analyst estimates of $382.10 million. Pagaya Technologies had a net margin of 9.12% and a return on equity of 51.56%. Pagaya Technologies's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 earnings per share. As a group, analysts expect that Pagaya Technologies will post 3.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Pagaya Technologies

In related news, Director Tami Rosen sold 1,986 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.83, for a total value of $35,410.38. Following the completion of the sale, the director directly owned 13,414 shares in the company, valued at $239,171.62. This trade represents a 12.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Cory Vieira sold 2,170 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $17.04, for a total transaction of $36,976.80. Following the completion of the sale, the chief accounting officer directly owned 25,160 shares in the company, valued at $428,726.40. This trade represents a 7.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 98,117 shares of company stock worth $2,019,059 over the last ninety days. Company insiders own 41.99% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. State of Wyoming boosted its holdings in Pagaya Technologies by 24.7% in the third quarter. State of Wyoming now owns 7,086 shares of the company's stock valued at $123,000 after purchasing an additional 1,404 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Pagaya Technologies during the 3rd quarter worth about $404,000. Banque Pictet & Cie SA purchased a new position in shares of Pagaya Technologies during the 3rd quarter valued at about $219,000. State of Alaska Department of Revenue lifted its holdings in shares of Pagaya Technologies by 5.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,746 shares of the company's stock valued at $393,000 after buying an additional 1,208 shares during the period. Finally, GK Wealth Management LLC acquired a new position in shares of Pagaya Technologies in the 3rd quarter valued at about $67,000. 57.14% of the stock is owned by institutional investors.

Key Stories Impacting Pagaya Technologies

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya reported third-quarter 2026 adjusted earnings of $1.07 per share, substantially above analyst estimates, while revenue reached $390.49 million versus expectations of $382.10 million. Revenue increased 11.5% year over year, indicating continued growth in the company’s AI-powered financial technology platform. Pagaya Technologies Third-Quarter Earnings Report
• Positive Sentiment: Management forecast $162 million to $182 million of 2026 GAAP net income and pointed to an expanding pipeline of bank partnerships. The outlook reinforces the view that Pagaya is scaling profitably while broadening the institutions using its technology. Pagaya Forecasts 2026 GAAP Net Income
• Positive Sentiment: The earnings call emphasized accelerating momentum from more partners, products and applications, suggesting that Pagaya’s network effects could support additional volume and revenue growth. Pagaya Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Despite the strong results, valuation remains a discussion point. Pagaya trades with substantial volatility and has a wide 12-month trading range, so investors may continue to debate whether the earnings growth is fully reflected in the share price. Pagaya Valuation Analysis

Pagaya Technologies Company Profile

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and machine learning to help financial institutions expand access to credit and other financial products. Its technology platform analyzes large volumes of data to evaluate assets, identify investment opportunities and support lending decisions.

The company works with banks, lenders and other financial institutions, as well as institutional investors. Through its network-based platform, Pagaya helps partners originate loans and other assets while connecting those assets with institutional funding and capital markets solutions.

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