Pagaya Technologies (NASDAQ:PGY) Price Target Raised to $36.00 at B. Riley Financial

Pagaya Technologies (NASDAQ:PGY) had its price target upped by B. Riley Financial from $32.00 to $36.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also commented on PGY. Canaccord Genuity Group raised their price objective on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings raised shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Citizens Jmp increased their target price on Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a report on Friday. Zacks Research cut Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Texas Capital upgraded Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.43.

Pagaya Technologies Stock Performance

Shares of PGY opened at $19.27 on Friday. The company has a 50-day moving average of $16.23 and a two-hundred day moving average of $15.02. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 14.17 and a beta of 5.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 12.09 and a quick ratio of 12.09. Pagaya Technologies has a one year low of $10.40 and a one year high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.53. Pagaya Technologies had a net margin of 9.12% and a return on equity of 53.51%. The business had revenue of $317.94 million for the quarter, compared to analyst estimates of $323.85 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Pagaya Technologies will post 2.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Tami Rosen sold 9,944 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $15.20, for a total transaction of $151,148.80. Following the completion of the sale, the director directly owned 37,544 shares in the company, valued at approximately $570,668.80. This trade represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gal Krubiner acquired 16,230 shares of the 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 completion of the transaction, the chief executive officer directly owned 555,906 shares of the company’s stock, valued at $8,577,629.58. This represents a 3.01% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 58,090 shares of company stock valued at $923,764 over the last ninety days. Insiders own 41.99% of the company’s stock.

Institutional Investors Weigh In On Pagaya Technologies

A number of institutional investors have recently modified their holdings of PGY. Millennium Management LLC grew its holdings in shares of Pagaya Technologies by 75.2% during the 4th quarter. Millennium Management LLC now owns 1,738,760 shares of the company’s stock valued at $36,340,000 after acquiring an additional 746,216 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Pagaya Technologies by 26.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,245 shares of the company’s stock worth $17,871,000 after acquiring an additional 359,099 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Pagaya Technologies by 5.2% during the third quarter. Two Sigma Investments LP now owns 1,452,578 shares of the company’s stock worth $43,127,000 after acquiring an additional 71,639 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Pagaya Technologies by 27.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,354,064 shares of the company’s stock worth $28,300,000 after acquiring an additional 290,379 shares in the last quarter. Finally, Nuveen LLC boosted its position in Pagaya Technologies by 3.7% during the fourth quarter. Nuveen LLC now owns 1,299,274 shares of the company’s stock valued at $27,155,000 after purchasing an additional 46,536 shares during the last quarter. Institutional investors and hedge funds own 57.14% of the company’s stock.

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

About Pagaya Technologies

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.