Pagaya Technologies (PGY) to Release Quarterly Earnings on Wednesday

Pagaya Technologies (NASDAQ:PGY - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect Pagaya Technologies to post earnings of $0.37 per share and revenue of $285.11 million for the quarter. Pagaya Technologies has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.

Pagaya Technologies (NASDAQ:PGY - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.32). The company had revenue of $279.39 million for the quarter, compared to analysts' expectations of $264.28 million. Pagaya Technologies had a negative net margin of 39.20% and a positive return on equity of 0.82%. During the same period in the prior year, the firm posted $0.24 earnings per share. On average, analysts expect Pagaya Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pagaya Technologies Stock Down 3.0 %

Shares of PGY stock traded down $0.35 on Monday, hitting $11.49. The stock had a trading volume of 690,946 shares, compared to its average volume of 1,782,430. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $10.65 and a 200 day moving average price of $10.70. Pagaya Technologies has a one year low of $8.20 and a one year high of $19.20. The company has a market cap of $864.87 million, a PE ratio of -2.09 and a beta of 5.89.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 12,789 shares of Pagaya Technologies stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $9.35, for a total transaction of $119,577.15. Following the completion of the sale, the president now directly owns 105,817 shares in the company, valued at $989,388.95. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tami Rosen sold 35,369 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $15.00, for a total transaction of $530,535.00. Following the completion of the transaction, the insider now owns 38,181 shares in the company, valued at approximately $572,715. This represents a 48.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,004 shares of company stock worth $770,036. Insiders own 49.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PGY shares. Canaccord Genuity Group reiterated a "buy" rating and issued a $25.00 target price on shares of Pagaya Technologies in a report on Thursday, February 13th. Citigroup raised shares of Pagaya Technologies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $13.00 to $14.50 in a research report on Friday, February 7th. JMP Securities raised their target price on Pagaya Technologies from $25.00 to $26.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Benchmark reiterated a "buy" rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research report on Monday, March 17th. Finally, B. Riley reiterated a "buy" rating and set a $36.00 target price on shares of Pagaya Technologies in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating and seven 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 a consensus price target of $20.61.

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.