Pagaya Technologies Ltd. (NASDAQ:PGY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Pagaya an average recommendation of Moderate Buy from 12 firms (1 sell, 1 hold, 9 buy, 1 strong buy) with an average 1‑year target of $33.11, though several brokers have recently cut price targets.
• Company insiders have been selling shares—President Sanjiv Das sold 9,702 shares at $10.99 and CFO Evangelos Perros sold 13,004 shares at $11.34—totaling 46,756 shares worth $558,738 last quarter, while insiders still own 47.59% of the stock.
• Pagaya reported a large quarterly loss of ($40.85) EPS on $91.63 million in revenue; the stock trades around $13.47 (market cap ≈ $1.11B), has a high beta (5.74) and a 52‑week range of $10.40–$44.99, indicating substantial volatility.

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.1111.

Several equities analysts have recently issued reports on PGY shares. Benchmark decreased their price objective on Pagaya Technologies from $48.00 to $33.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Weiss Ratings cut Pagaya Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Keefe, Bruyette & Woods reduced their price target on Pagaya Technologies from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 2nd. Freedom Capital raised Pagaya Technologies to a "strong-buy" rating in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group reduced their target price on Pagaya Technologies from $35.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, February 10th.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 9,702 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.99, for a total transaction of $106,624.98. Following the completion of the transaction, the president owned 144,034 shares of the company's stock, valued at $1,582,933.66. This represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Evangelos Perros sold 13,004 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $11.34, for a total value of $147,465.36. Following the completion of the sale, the chief financial officer owned 122,174 shares of the company's stock, valued at $1,385,453.16. This trade represents a 9.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 46,756 shares of company stock valued at $558,738 over the last quarter. 47.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in Pagaya Technologies by 40.8% in the third quarter. Federated Hermes Inc. now owns 600,140 shares of the company's stock worth $17,818,000 after acquiring an additional 174,033 shares during the period. Divisadero Street Capital Management LP grew its position in Pagaya Technologies by 79.8% in the third quarter. Divisadero Street Capital Management LP now owns 416,919 shares of the company's stock worth $12,378,000 after acquiring an additional 185,000 shares during the period. Allspring Global Investments Holdings LLC grew its position in Pagaya Technologies by 3,179.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 426,089 shares of the company's stock worth $9,493,000 after acquiring an additional 413,096 shares during the period. Zweig DiMenna Associates LLC purchased a new position in Pagaya Technologies in the third quarter worth approximately $5,525,000. Finally, Adams Street Partners LLC purchased a new position in shares of Pagaya Technologies during the third quarter worth $10,526,000. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Pagaya Technologies Stock Performance

Shares of PGY stock opened at $13.47 on Wednesday. The stock has a market cap of $1.11 billion, a PE ratio of 15.13 and a beta of 5.74. The business has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $19.16. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 1.22. Pagaya Technologies has a 52-week low of $10.40 and a 52-week high of $44.99.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last issued its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) earnings per share (EPS) for the quarter. The company had revenue of $91.63 million during the quarter. Pagaya Technologies had a net margin of 6.25% and a return on equity of 44.24%. On average, equities analysts expect that Pagaya Technologies will post 2.24 EPS for the current year.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.

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