TD Cowen Issues Positive Forecast for Pagaya Technologies (NASDAQ:PGY) Stock Price

Pagaya Technologies (NASDAQ:PGY) had its target price increased by TD Cowen from $25.00 to $27.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

PGY has been the subject of a number of other research reports. B. Riley Financial reissued a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Pagaya Technologies in a research note on Friday. Zacks Research downgraded shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Jefferies Financial Group upped their price target 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. Citizens Jmp increased their price objective on Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Pagaya Technologies in a research report on Monday, September 14th. Two investment 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, the stock has a consensus rating of “Buy” and an average target price of $31.62.

Pagaya Technologies Price Performance

Shares of PGY opened at $19.23 on Friday. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.31 and a beta of 5.50. Pagaya Technologies has a fifty-two week low of $10.40 and a fifty-two week high of $29.75. The company has a debt-to-equity ratio of 1.12, a current ratio of 11.08 and a quick ratio of 11.08. The business’s 50-day moving average is $19.75 and its 200-day moving average is $16.58.

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

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 21,289 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $22.00, for a total value of $468,358.00. Following the completion of the sale, the president directly owned 144,186 shares of the company’s stock, valued at $3,172,092. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Cory Vieira sold 2,170 shares of the stock in a transaction on Monday, September 28th. The stock was sold at an average price of $17.04, for a total transaction of $36,976.80. Following the transaction, the chief accounting officer owned 25,160 shares in the company, valued at approximately $428,726.40. This trade represents a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 98,117 shares of company stock valued at $2,019,059. 41.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pagaya Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Pagaya Technologies by 141.5% in the first 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 boosted its stake in shares of Pagaya Technologies by 324.8% during the 1st quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock worth $6,262,000 after acquiring an additional 410,996 shares in the last quarter. Principal Financial Group Inc. boosted its stake 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 worth $4,371,000 after acquiring an additional 254,550 shares in the last quarter. Edgestream Partners L.P. increased its holdings in shares of Pagaya Technologies by 353.2% during the 1st quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock valued at $4,354,000 after acquiring an additional 291,291 shares during the last quarter. Finally, Insight Wealth Strategies LLC acquired a new position in shares of Pagaya Technologies during the 3rd quarter valued at about $4,437,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

More Pagaya Technologies News

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

Pagaya Technologies Company Profile

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.