Pagaya Technologies (PGY) Set to Announce Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Pagaya Technologies to post earnings of $0.16 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Pagaya Technologies Stock Up 5.3 %

Shares of NASDAQ PGY opened at $10.96 on Tuesday. The stock has a market capitalization of $647.21 million, a P/E ratio of -5.07 and a beta of 6.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.05. Pagaya Technologies has a one year low of $8.56 and a one year high of $33.96. The firm’s 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $14.06.

Insider Transactions at Pagaya Technologies

In other news, insider Tami Rosen acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of $10.47 per share, with a total value of $104,700.00. Following the transaction, the insider now owns 28,818 shares of the company’s stock, valued at approximately $301,724.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Avi Zeevi acquired 30,000 shares of Pagaya Technologies stock in a transaction on Thursday, April 4th. The stock was acquired at an average cost of $10.35 per share, for a total transaction of $310,500.00. Following the purchase, the director now owns 35,656 shares in the company, valued at $369,039.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tami Rosen acquired 10,000 shares of Pagaya Technologies stock in a transaction on Friday, April 5th. The shares were purchased at an average price of $10.47 per share, with a total value of $104,700.00. Following the completion of the purchase, the insider now owns 28,818 shares in the company, valued at approximately $301,724.46. The disclosure for this purchase can be found here. Insiders purchased a total of 194,807 shares of company stock valued at $2,012,373 in the last quarter. 19.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PGY has been the topic of a number of recent research reports. Wedbush reduced their price objective on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, March 15th. JMP Securities decreased their price target on Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Monday, April 8th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $42.00 target price on shares of Pagaya Technologies in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Pagaya Technologies has an average rating of “Moderate Buy” and an average target price of $38.08.

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.