Pagaya Technologies (PGY) to Release Earnings on Tuesday

Pagaya Technologies (NASDAQ:PGY) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect Pagaya Technologies to post earnings of $0.25 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). Pagaya Technologies had a negative return on equity of 3.10% and a negative net margin of 14.58%. The business had revenue of $250.34 million for the quarter, compared to analysts’ expectations of $239.16 million. On average, analysts expect Pagaya Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pagaya Technologies Trading Up 12.4 %

Shares of Pagaya Technologies stock opened at $14.62 on Friday. The firm has a market cap of $1.05 billion, a PE ratio of -7.42 and a beta of 6.33. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $11.71 and its two-hundred day moving average is $12.28. Pagaya Technologies has a fifty-two week low of $8.56 and a fifty-two week high of $20.50.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PGY. Oppenheimer began coverage on shares of Pagaya Technologies in a report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research note on Tuesday, September 3rd. B. Riley lowered their price objective on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Benchmark reiterated a “buy” rating and set a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group decreased their price target on shares of Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.

Insider Activity at Pagaya Technologies

In other news, insider Tami Rosen sold 7,659 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $12.00, for a total value of $91,908.00. Following the sale, the insider now directly owns 65,857 shares of the company’s stock, valued at approximately $790,284. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Yahav Yulzari bought 23,600 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $10.52 per share, for a total transaction of $248,272.00. Following the completion of the acquisition, the insider now owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tami Rosen sold 7,659 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $12.00, for a total transaction of $91,908.00. Following the completion of the transaction, the insider now owns 65,857 shares in the company, valued at $790,284. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,045 shares of company stock worth $430,982. 19.70% of the stock is owned by company insiders.

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.