Pagaya Technologies’ (PGY) “Buy” Rating Reiterated at B. Riley Financial

B. Riley Financial reaffirmed their buy rating on shares of Pagaya Technologies (NASDAQ:PGY) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $38.00 price objective on the stock, up from their prior price objective of $36.00.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Pagaya Technologies in a research note on Monday, September 14th. Canaccord Genuity Group increased their price objective on Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citizens Jmp raised their price objective on Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group boosted their price objective on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $31.62.

Pagaya Technologies Price Performance

NASDAQ:PGY opened at $19.23 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 11.65 and a beta of 5.66. Pagaya Technologies has a 52 week low of $10.40 and a 52 week high of $29.75. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The company has a 50-day moving average of $19.75 and a 200-day moving average of $16.58.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.47 by $0.60. Pagaya Technologies had a net margin of 10.77% and a return on equity of 52.60%. The business had revenue of $390.49 million for the quarter, compared to the consensus estimate of $382.10 million. During the same period in the prior year, the company posted $1.02 earnings per share. Pagaya Technologies’s revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Pagaya Technologies will post 3.36 earnings per share for the current fiscal year.

Insider Activity

In related news, President Sanjiv Das sold 14,300 shares of Pagaya Technologies stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $17.04, for a total value of $243,672.00. Following the completion of the transaction, the president directly owned 173,864 shares in the company, valued at approximately $2,962,642.56. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tami Rosen sold 8,504 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $20.38, for a total value of $173,311.52. Following the transaction, the director directly owned 15,400 shares of the company’s stock, valued at approximately $313,852. This trade represents a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 48,647 shares of company stock valued at $931,283. 41.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Pagaya Technologies by 141.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company’s stock worth $12,040,000 after buying an additional 602,992 shares during the last quarter. Q Global Advisors LLC lifted its holdings in shares of Pagaya Technologies by 324.8% in the first quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock valued at $6,262,000 after buying an additional 410,996 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Pagaya Technologies by 211.0% during the 1st quarter. Principal Financial Group Inc. now owns 375,212 shares of the company’s stock valued at $4,371,000 after acquiring an additional 254,550 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of Pagaya Technologies by 353.2% in the first quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock valued at $4,354,000 after buying an additional 291,291 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new stake in shares of Pagaya Technologies in the third quarter valued at approximately $4,437,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Pagaya Technologies News Roundup

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya exceeded estimates with adjusted EPS of $1.07 and revenue of $390.5 million, up 11.5% year over year. Network volume increased 29% to $3.6 billion, while management raised its 2026 GAAP net-income outlook to $162 million-$182 million. Pagaya Reports Third Quarter 2026 Results
• Positive Sentiment: Management cited $2 billion in newly committed capital, an expanding bank-partner pipeline and additional partnerships as support for continued loan-volume growth and resilience across credit cycles. Pagaya forecasts 2026 GAAP net income while expanding bank partner pipeline
• Positive Sentiment: B. Riley reaffirmed its Buy rating and lifted its price target to $38 from $36, citing substantial potential upside. B. Riley Financial rating
• Neutral Sentiment: Some analysts view PGY as undervalued at roughly five times projected 2027 earnings, though the stock remains exposed to the market’s broader discount for fintech companies. Pagaya Technologies: Stuck In The Fintech Discount Isle
• Negative Sentiment: Management’s fourth-quarter network-volume guidance is lower, and higher funding costs are pressuring margins. Pagaya is prioritizing unit economics over pursuing maximum volume, while raising APRs to improve fee revenue per loan; investors may interpret those measures as signs of near-term growth constraints. Pagaya: I Was Wrong On Profitability, Upgrading To Hold

About Pagaya Technologies

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and machine learning to help financial institutions expand access to credit and other financial products. Its technology platform analyzes large volumes of data to evaluate assets, identify investment opportunities and support lending decisions.

The company works with banks, lenders and other financial institutions, as well as institutional investors. Through its network-based platform, Pagaya helps partners originate loans and other assets while connecting those assets with institutional funding and capital markets solutions.