Pagaya Technologies (NASDAQ:PGY) Shares Gap Down – Here’s Why

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) gapped down before the market opened on Monday . The stock had previously closed at $18.64, but opened at $13.66. Pagaya Technologies shares last traded at $14.6150, with a volume of 9,411,035 shares.

More Pagaya Technologies News

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

• Positive Sentiment: Q4 EPS beat: GAAP/adjusted EPS of $0.80 topped consensus (~$0.75); revenue grew ~19.8% year-over-year, showing continued top-line expansion. Pagaya Reports Fourth Quarter and Full Year Ended 2025 Results
• Positive Sentiment: Securitization and partner growth highlighted as strategic strengths that support Pagaya’s AI-powered lending platform and recurring liquidity channels. Pagaya Securitization Milestone Highlights Partner Growth And Valuation Gap
• Positive Sentiment: Some analysts and investors remain constructive on Pagaya’s AI-driven model heading into results, which supported pre-earnings optimism. What Analysts Think Is Changing The Story For Pagaya Technologies (PGY)
• Neutral Sentiment: Company published the full Q4 slide deck and earnings-call transcript (useful for digging into loss reserves, partner metrics, and securitization economics). Pagaya Technologies Ltd. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Full earnings-call transcript is available for detail on management’s commentary about margins, capital deployment and partner pipelines. Pagaya Technologies Ltd. (PGY) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations: reported ~$334.8M vs. consensus ~\$348.7M — the top-line shortfall was the primary driver of the selloff. PGY stock tanks 26% today – Q4 revenue misses Wall Street expectations
• Negative Sentiment: Forward guidance was soft vs. consensus: FY‑2026 revenue guided to $1.4B–$1.6B (consensus ~$1.5B) and Q1‑2026 revenue guided to $315M–$335M vs. consensus ~$345.6M — investors punished the miss to near-term growth expectations. Pagaya Reports Fourth Quarter and Full Year Ended 2025 Results
• Negative Sentiment: High trading volume and a high beta raise the risk of amplified downside when sentiment turns negative; the quarter’s revenue miss plus softer guide created that negative inflection. PGY stock tanks 26% today – Q4 revenue misses Wall Street expectations

Wall Street Analysts Forecast Growth

PGY has been the topic of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of Pagaya Technologies from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 2nd. Wall Street Zen downgraded Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 6th. Canaccord Genuity Group raised their target price on shares of Pagaya Technologies from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Freedom Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research downgraded Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Pagaya Technologies Stock Down 24.0%

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -5.31 and a beta of 5.85. The company has a debt-to-equity ratio of 1.16, a current ratio of 11.41 and a quick ratio of 11.41. The business has a fifty day moving average price of $22.36 and a two-hundred day moving average price of $27.88.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.56 by $0.46. Pagaya Technologies had a positive return on equity of 31.59% and a negative net margin of 15.32%.The company had revenue of $350.17 million for the quarter, compared to analyst estimates of $338.86 million. During the same period last year, the company earned $0.44 earnings per share. Pagaya Technologies’s quarterly revenue was up 36.3% compared to the same quarter last year. On average, equities analysts expect that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In other Pagaya Technologies news, insider Tami Rosen sold 7,561 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $30.73, for a total transaction of $232,349.53. Following the completion of the transaction, the insider owned 37,544 shares of the company’s stock, valued at $1,153,727.12. This trade represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Evangelos Perros sold 9,750 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $22.99, for a total transaction of $224,152.50. Following the sale, the chief financial officer directly owned 100,212 shares in the company, valued at $2,303,873.88. This represents a 8.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,256 shares of company stock valued at $547,198 over the last quarter. 47.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PGY. Versant Capital Management Inc purchased a new position in shares of Pagaya Technologies during the 3rd quarter worth approximately $25,000. LSV Asset Management acquired a new stake in Pagaya Technologies during the 3rd quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Pagaya Technologies by 35.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock worth $42,000 after purchasing an additional 520 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Pagaya Technologies in the 3rd quarter worth approximately $84,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Pagaya Technologies in the third quarter worth about $98,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

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.