Pagaya Technologies (PGY) to Release Earnings on Thursday

Key Points

• Pagaya Technologies (PGY) is set to release its Q2 2025 earnings on August 7th, with analysts predicting earnings of $0.62 per share and revenue of $299.26 million.
• Insiders have sold over 1.35 million shares over the past three months, with notable sales including Tami Rosen's sale of 13,821 shares and Avital Pardo's sale of 54,254 shares, indicating significant fluctuations in insider holdings.
• Institutional interest is strong, with several hedge funds increasing their positions dramatically, such as AQR Capital Management boosting its stake by 2,722.3% in the first quarter.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, August 7th. Analysts expect the company to announce earnings of $0.62 per share and revenue of $299.26 million for the quarter.

Pagaya Technologies Stock Down 3.1%

PGY traded down $0.93 during trading on Friday, hitting $29.12. 2,613,972 shares of the company's stock were exchanged, compared to its average volume of 3,126,175. Pagaya Technologies has a fifty-two week low of $8.20 and a fifty-two week high of $34.29. The business's 50 day moving average is $22.33 and its two-hundred day moving average is $15.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.20 billion, a P/E ratio of -5.74 and a beta of 5.95.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, CFO Evangelos Perros sold 12,755 shares of Pagaya Technologies stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 82,870 shares in the company, valued at $1,870,375.90. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dan Petrozzo sold 8,484 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $30.15, for a total transaction of $255,792.60. Following the completion of the sale, the director owned 96,278 shares of the company's stock, valued at approximately $2,902,781.70. The trade was a 8.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,353,907 shares of company stock valued at $24,585,322 over the last quarter. Company insiders own 47.59% of the company's stock.

Institutional Investors Weigh In On Pagaya Technologies

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in shares of Pagaya Technologies by 26.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company's stock worth $17,871,000 after acquiring an additional 359,099 shares during the last quarter. Millennium Management LLC raised its holdings in Pagaya Technologies by 320.1% during the 1st quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock valued at $13,230,000 after buying an additional 961,944 shares during the last quarter. AQR Capital Management LLC raised its holdings in Pagaya Technologies by 2,722.3% during the 1st quarter. AQR Capital Management LLC now owns 305,710 shares of the company's stock valued at $3,204,000 after buying an additional 294,878 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Pagaya Technologies by 11.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,288 shares of the company's stock valued at $653,000 after buying an additional 6,365 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on PGY shares. Stephens started coverage on shares of Pagaya Technologies in a report on Thursday, June 12th. They set an "overweight" rating and a $22.00 price objective for the company. JMP Securities reiterated a "market outperform" rating and issued a $26.00 target price on shares of Pagaya Technologies in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods lifted their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Benchmark lifted their target price on shares of Pagaya Technologies from $25.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Oppenheimer lifted their target price on shares of Pagaya Technologies from $16.00 to $25.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.70.

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.