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

Pagaya Technologies (NASDAQ:PGY)‘s stock had its “buy” rating reiterated by investment analysts at B. Riley Financial in a note issued to investors on Friday, Benzinga reports. They presently have a $38.00 price target on the stock, up from their prior price target of $36.00. B. Riley Financial‘s price objective would indicate a potential upside of 84.77% from the stock’s current price.

A number of other research analysts have also issued reports on PGY. Canaccord Genuity Group increased their target price on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pagaya Technologies in a research note on Monday, September 14th. Citizens Jmp lifted their price target on Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. Jefferies Financial Group upped their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Finally, TD Cowen dropped their price objective on shares of Pagaya Technologies from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pagaya Technologies presently has a consensus rating of “Buy” and a consensus target price of $31.38.

Pagaya Technologies Stock Performance

PGY opened at $20.57 on Friday. The firm has a fifty day moving average price of $19.77 and a 200 day moving average price of $16.60. Pagaya Technologies has a 1 year low of $10.40 and a 1 year high of $29.75. The stock has a market cap of $1.72 billion, a P/E ratio of 15.19 and a beta of 5.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 11.08 and a quick ratio of 11.08.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.60. Pagaya Technologies had a net margin of 9.12% and a return on equity of 51.56%. The business had revenue of $390.49 million during the quarter, compared to the consensus estimate of $382.10 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Pagaya Technologies will post 3.36 earnings per share for the current year.

Insider Buying and Selling at Pagaya Technologies

In related news, President Sanjiv Das sold 21,289 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $22.00, for a total transaction of $468,358.00. Following the transaction, the president owned 144,186 shares in the company, valued at $3,172,092. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tami Rosen sold 28,181 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $21.98, for a total value of $619,418.38. Following the sale, the director directly owned 16,665 shares of the company’s stock, valued at $366,296.70. The trade was a 62.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 98,117 shares of company stock worth $2,019,059 over the last 90 days. Corporate insiders own 41.99% of the company’s stock.

Hedge Funds Weigh In On Pagaya Technologies

Several hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Pagaya Technologies by 141.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company’s stock valued at $12,040,000 after acquiring an additional 602,992 shares during the last quarter. Q Global Advisors LLC lifted its position 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 acquiring an additional 410,996 shares in the last quarter. Edgestream Partners L.P. boosted its position in Pagaya Technologies by 353.2% during the first quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock worth $4,354,000 after acquiring an additional 291,291 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in Pagaya Technologies in the 3rd quarter worth approximately $4,437,000. Finally, Principal Financial Group Inc. raised its holdings in Pagaya Technologies by 211.0% in 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 during the last quarter. 57.14% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Pagaya Technologies

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

• Positive Sentiment: Pagaya reported third-quarter 2026 adjusted earnings of $1.07 per share, substantially above analyst estimates, while revenue reached $390.49 million versus expectations of $382.10 million. Revenue increased 11.5% year over year, indicating continued growth in the company’s AI-powered financial technology platform. Pagaya Technologies Third-Quarter Earnings Report
• Positive Sentiment: Management forecast $162 million to $182 million of 2026 GAAP net income and pointed to an expanding pipeline of bank partnerships. The outlook reinforces the view that Pagaya is scaling profitably while broadening the institutions using its technology. Pagaya Forecasts 2026 GAAP Net Income
• Positive Sentiment: The earnings call emphasized accelerating momentum from more partners, products and applications, suggesting that Pagaya’s network effects could support additional volume and revenue growth. Pagaya Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Despite the strong results, valuation remains a discussion point. Pagaya trades with substantial volatility and has a wide 12-month trading range, so investors may continue to debate whether the earnings growth is fully reflected in the share price. Pagaya Valuation Analysis

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.