Pagaya Technologies (NASDAQ:PGY) Shares Gap Up – Time to Buy?

Pagaya Technologies Ltd. (NASDAQ:PGY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $16.19, but opened at $18.00. Pagaya Technologies shares last traded at $16.2910, with a volume of 1,721,856 shares trading hands.

Key Headlines Impacting Pagaya Technologies

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

• Positive Sentiment: Strong Q2 earnings beat: Pagaya reported adjusted earnings of $1.07 per share, well above the $0.32 consensus estimate, while revenue rose 15.1% year over year to $387.0 million, exceeding expectations of $356.5 million. Pagaya Technologies Q2 2026 earnings report
• Positive Sentiment: Profitability and volume momentum: Management highlighted record net income and record network volume. Pagaya is processing more loans and products through its AI-powered lending network; although revenue earned per dollar declined, the greater scale produced sharply higher profits. Pagaya Is Processing More Loans, Earning Less per Dollar, and Making More Money
• Positive Sentiment: Higher full-year net-income outlook: Pagaya raised its full-year 2026 net-income guidance, signaling confidence that operating leverage and increased platform activity can continue improving results. The company’s earnings call also emphasized stronger partner adoption and broader product usage. Pagaya Reports Second Quarter 2026 Results and Raises Full-Year Net Income Guidance
• Positive Sentiment: Analyst price-target increases: B. Riley and Canaccord Genuity raised their targets to $36 and maintained “buy” ratings. Citizens JMP lifted its target to $25 and retained a “market outperform” rating, reinforcing bullish sentiment following the results. Pagaya Technologies analyst price-target updates
• Neutral Sentiment: Growth remains dependent on scale: Management’s results suggest Pagaya can expand profits despite lower take rates, but investors will monitor whether rising loan volume and product adoption translate into sustainable revenue growth and cash generation. Pagaya Technologies Q2 2026 earnings call transcript
• Negative Sentiment: Revenue guidance was below expectations: Pagaya forecast third-quarter revenue of $370 million to $390 million, below the $396.4 million consensus estimate, and narrowed full-year 2026 revenue guidance to $1.4 billion-$1.5 billion versus expectations near $1.5 billion. This could limit upside if profitability improvements do not offset slower revenue growth. Pagaya Technologies Q2 adjusted earnings and revenue

Analyst Ratings Changes

A number of equities analysts recently weighed in on PGY shares. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings raised shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. B. Riley Financial boosted their target price on shares of Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday. Finally, Canaccord Genuity Group raised their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $32.43.

Pagaya Technologies Price Performance

The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. The stock has a market cap of $1.60 billion, a PE ratio of 14.17 and a beta of 5.32. The business has a 50-day moving average price of $16.23 and a 200 day moving average price of $15.02.

Pagaya Technologies (NASDAQ:PGY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.53. Pagaya Technologies had a return on equity of 53.51% and a net margin of 9.12%.The company had revenue of $317.94 million during the quarter, compared to analyst estimates of $323.85 million. During the same quarter last year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts forecast that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.

Insider Activity

In other Pagaya Technologies news, CEO Gal Krubiner purchased 16,230 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average cost of $15.43 per share, for a total transaction of $250,428.90. Following the purchase, the chief executive officer owned 555,906 shares of the company’s stock, valued at $8,577,629.58. This represents a 3.01% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Sanjiv Das sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $15.83, for a total transaction of $221,620.00. Following the sale, the president owned 165,475 shares in the company, valued at $2,619,469.25. The trade was a 7.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 58,090 shares of company stock valued at $923,764. 41.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PGY. Root Financial Partners LLC bought a new stake in Pagaya Technologies during the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Pagaya Technologies by 351.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock worth $29,000 after acquiring an additional 1,084 shares during the period. Transamerica Financial Advisors LLC bought a new position in shares of Pagaya Technologies in the fourth quarter worth $30,000. Quarry LP grew its position in shares of Pagaya Technologies by 330.8% in the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after purchasing an additional 1,277 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Pagaya Technologies in the fourth quarter valued at $52,000. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.