B. Riley Has Optimistic Outlook of PGY FY2025 Earnings

Pagaya Technologies Ltd. (NASDAQ:PGY - Free Report) - B. Riley boosted their FY2025 earnings estimates for shares of Pagaya Technologies in a report released on Thursday, July 17th. B. Riley analyst H. Goetsch now expects that the company will earn $1.58 per share for the year, up from their prior estimate of $1.46. The consensus estimate for Pagaya Technologies' current full-year earnings is $0.88 per share. B. Riley also issued estimates for Pagaya Technologies' FY2026 earnings at $2.03 EPS.

Several other research analysts also recently commented on PGY. Wall Street Zen upgraded Pagaya Technologies from a "hold" rating to a "buy" rating in a report on Friday. Stephens assumed coverage on Pagaya Technologies in a research note on Thursday, June 12th. They issued an "overweight" rating and a $22.00 price target on the stock. Benchmark boosted their price objective on Pagaya Technologies from $25.00 to $42.00 and gave the company a "buy" rating in a research report on Friday. Keefe, Bruyette & Woods raised their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $26.00 target price on shares of Pagaya Technologies in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $24.15.

Pagaya Technologies Stock Performance

Pagaya Technologies stock opened at $31.12 on Monday. The firm has a fifty day simple moving average of $19.10 and a two-hundred day simple moving average of $13.77. The company has a quick ratio of 1.79, a current ratio of 1.79 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 $31.95. The company has a market capitalization of $2.36 billion, a PE ratio of -6.14 and a beta of 5.93.

Insider Transactions at Pagaya Technologies

In related news, Director Dan Petrozzo sold 8,484 shares of Pagaya Technologies stock in a transaction on Friday, July 18th. The shares were sold at an average price of $30.15, for a total value of $255,792.60. Following the sale, the director owned 96,278 shares in the company, valued at $2,902,781.70. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Evangelos Perros sold 12,755 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $22.57, for a total transaction of $287,880.35. Following the transaction, the chief financial officer directly owned 82,870 shares in the company, valued at approximately $1,870,375.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,353,907 shares of company stock worth $24,585,322. Corporate insiders own 47.59% of the company's stock.

Institutional Investors Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Pagaya Technologies during the second quarter valued at about $25,000. Virtus Advisers LLC purchased a new stake in Pagaya Technologies in the first quarter worth about $35,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Pagaya Technologies during the 4th quarter valued at approximately $43,000. GAMMA Investing LLC grew its holdings in shares of Pagaya Technologies by 5,431.3% during the 1st quarter. GAMMA Investing LLC now owns 4,425 shares of the company's stock worth $46,000 after acquiring an additional 4,345 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Pagaya Technologies in the 4th quarter worth approximately $67,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Pagaya Technologies Company Profile

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.

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