Wedbush Predicts Increased Earnings for Pagaya Technologies

Pagaya Technologies Ltd. (NASDAQ:PGY) – Equities research analysts at Wedbush upped their Q4 2024 earnings per share estimates for Pagaya Technologies in a report issued on Monday, November 25th. Wedbush analyst D. Chiaverini now anticipates that the company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.02. Wedbush has a “Neutral” rating and a $13.00 price objective on the stock. The consensus estimate for Pagaya Technologies’ current full-year earnings is $0.08 per share. Wedbush also issued estimates for Pagaya Technologies’ Q2 2025 earnings at $0.28 EPS and FY2026 earnings at $1.22 EPS.

PGY has been the subject of a number of other research reports. JMP Securities restated a “market outperform” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Canaccord Genuity Group dropped their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a report on Wednesday, October 16th. Oppenheimer assumed coverage on shares of Pagaya Technologies in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 price target on the stock. Finally, B. Riley cut their price objective on Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Pagaya Technologies Stock Performance

Shares of PGY opened at $10.71 on Wednesday. The stock has a market capitalization of $788.90 million, a P/E ratio of -4.22 and a beta of 6.33. The company’s fifty day moving average is $11.04 and its two-hundred day moving average is $12.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.17 and a current ratio of 1.17. Pagaya Technologies has a 1 year low of $8.20 and a 1 year high of $20.50.

Institutional Trading of Pagaya Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in Pagaya Technologies during the second quarter worth approximately $74,000. SG Americas Securities LLC acquired a new stake in Pagaya Technologies in the 2nd quarter valued at $101,000. BNP Paribas Financial Markets raised its position in Pagaya Technologies by 48.4% in the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock valued at $103,000 after purchasing an additional 3,181 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Pagaya Technologies during the second quarter worth about $166,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Pagaya Technologies by 13.2% in the third quarter. The Manufacturers Life Insurance Company now owns 16,614 shares of the company’s stock worth $176,000 after buying an additional 1,937 shares during the period. Institutional investors and hedge funds own 57.14% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yahav Yulzari bought 23,600 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were acquired at an average cost of $10.52 per share, with a total value of $248,272.00. Following the transaction, the insider now owns 311,637 shares of the company’s stock, valued at $3,278,421.24. This represents a 8.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tami Rosen sold 17,570 shares of Pagaya Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total value of $211,894.20. Following the completion of the transaction, the insider now owns 73,516 shares in the company, valued at $886,602.96. The trade was a 19.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,045 shares of company stock valued at $2,755,982 in the last quarter. 49.56% of the stock is currently owned by company insiders.

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.