Pagaya Technologies Ltd. (NASDAQ:PGY - Get Free Report) President Sanjiv Das sold 21,289 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $22.00, for a total value of $468,358.00. Following the completion of the sale, the president owned 144,186 shares in the company, valued at $3,172,092. This represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Sanjiv Das also recently made the following trade(s):
- On Thursday, June 25th, Sanjiv Das sold 14,000 shares of Pagaya Technologies stock. The shares were sold at an average price of $15.83, for a total value of $221,620.00.
- On Friday, June 12th, Sanjiv Das sold 13,309 shares of Pagaya Technologies stock. The stock was sold at an average price of $16.23, for a total value of $216,005.07.
Pagaya Technologies Stock Down 1.4%
Shares of PGY opened at $21.92 on Wednesday. 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 stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 16.12 and a beta of 5.33. Pagaya Technologies Ltd. has a 1 year low of $10.40 and a 1 year high of $44.99. The business's 50 day simple moving average is $16.59 and its 200-day simple moving average is $14.93.
Pagaya Technologies (NASDAQ:PGY - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.73 earnings per share 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 51.56%. The firm had revenue of $317.94 million during the quarter, compared to analyst estimates of $323.85 million. During the same period last year, the firm posted $0.10 earnings per share. Pagaya Technologies's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Pagaya Technologies
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in Pagaya Technologies by 1,231.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,200,348 shares of the company's stock valued at $25,591,000 after acquiring an additional 1,110,208 shares during the period. Millennium Management LLC boosted its stake in shares of Pagaya Technologies by 320.1% during the first quarter. Millennium Management LLC now owns 1,262,413 shares of the company's stock valued at $13,230,000 after purchasing an additional 961,944 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Pagaya Technologies by 221.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,379,550 shares of the company's stock worth $28,833,000 after purchasing an additional 950,443 shares during the last quarter. Marshall Wace LLP increased its stake in Pagaya Technologies by 1,556.3% in the 3rd quarter. Marshall Wace LLP now owns 672,008 shares of the company's stock worth $19,952,000 after buying an additional 631,435 shares during the period. Finally, Allspring Global Investments Holdings LLC increased 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 worth $12,040,000 after buying an additional 602,992 shares during the period. 57.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on PGY shares. Citizens Jmp upped their target price on shares of Pagaya Technologies from $22.00 to $25.00 and gave the company a "market outperform" rating in a research report on Friday, July 31st. Texas Capital raised Pagaya Technologies to a "strong-buy" rating in a research note on Wednesday, June 10th. Weiss Ratings raised Pagaya Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, June 18th. Canaccord Genuity Group boosted 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. Finally, Zacks Research lowered Pagaya Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Pagaya Technologies currently has an average rating of "Buy" and an average target price of $32.43.
Get Our Latest Stock Analysis on PGY
Pagaya Technologies News Summary
Here are the key news stories impacting Pagaya Technologies this week:
- Positive Sentiment: Strong second-quarter results and higher outlook: Pagaya reportedly exceeded earnings expectations, delivered record revenue and network volume, and raised its 2026 guidance. The results highlight continued momentum in its AI-powered lending network and funding platform. PGY Gains as Q2 Earnings Beat on Record Revenues, 2026 View Raised
- Positive Sentiment: Record first-half performance: Coverage emphasized record first-half 2026 lending volume, revenue growth and improved profitability, suggesting that Pagaya’s AI lending ecosystem is gaining scale. Pagaya Delivers Stellar 1H 2026 Results: Here's What Drove it
- Positive Sentiment: Price-target support: Pagaya’s price target was raised to $36, providing a bullish valuation signal and implying further potential upside from recent trading levels. Pagaya Technologies Price Target Raised to $36.00
- Positive Sentiment: New securitization financing: KBRA assigned preliminary ratings to 10 classes of notes in Pagaya AI Debt Trust transactions. Initial credit enhancement ranged from 63.60% for the senior Class A notes to 8.45% for Class F, supporting Pagaya’s ability to access consumer-loan funding markets. KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2026-R3
- Neutral Sentiment: Elevated call-option activity: Investors purchased approximately 5,820 call options, about 31% above typical volume. This indicates increased speculative bullish interest, although options activity alone does not confirm a sustained move.
- Negative Sentiment: Executive and director selling: President Sanjiv Das sold 21,289 shares, while Director Tami Rosen sold 28,181 shares. The transactions reduced their holdings by approximately 12.9% and 62.8%, respectively, potentially creating near-term pressure and raising investor caution. Pagaya President Form 4 Filing
Pagaya Technologies Company Profile
(
Get Free Report)
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.
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