Wedbush Equities Analysts Boost Earnings Estimates for PGY

Pagaya Technologies Ltd. (NASDAQ:PGY) – Stock analysts at Wedbush upped their Q4 2024 earnings per share estimates for shares of Pagaya Technologies in a research note issued on Monday, November 25th. Wedbush analyst D. Chiaverini now forecasts that the company will post earnings of $0.03 per share for the quarter, up from their previous 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.

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

Pagaya Technologies Price Performance

Shares of PGY opened at $10.36 on Wednesday. The company has a market capitalization of $763.12 million, a price-to-earnings ratio of -4.08 and a beta of 6.33. Pagaya Technologies has a fifty-two week low of $8.20 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50-day moving average is $11.08 and its 200-day moving average is $12.25.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in Pagaya Technologies during the second quarter worth $74,000. SG Americas Securities LLC acquired a new position in Pagaya Technologies during the second quarter worth $101,000. BNP Paribas Financial Markets raised its stake in Pagaya Technologies by 48.4% during the third quarter. BNP Paribas Financial Markets now owns 9,757 shares of the company’s stock worth $103,000 after acquiring an additional 3,181 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Pagaya Technologies during the second quarter worth $166,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Pagaya Technologies during the second quarter worth $187,000. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Tami Rosen sold 7,659 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $12.00, for a total value of $91,908.00. Following the completion of the transaction, the insider now directly owns 65,857 shares in the company, valued at approximately $790,284. This represents a 10.42 % 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, insider Yahav Yulzari sold 150,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $15.50, for a total value of $2,325,000.00. Following the completion of the transaction, the insider now owns 161,637 shares of the company’s stock, valued at $2,505,373.50. The trade was a 48.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,045 shares of company stock valued at $2,755,982. 49.56% of the stock is 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.