Q4 EPS Estimates for Pagaya Technologies Raised by Wedbush

Pagaya Technologies Ltd. (NASDAQ:PGY) – Equities research analysts at Wedbush upped their Q4 2024 earnings estimates for shares of Pagaya Technologies in a research note issued on Monday, November 25th. Wedbush analyst D. Chiaverini now expects that the company will earn $0.03 per share for the quarter, up from their prior estimate of $0.02. Wedbush has a “Neutral” rating and a $13.00 price target on the stock. The consensus estimate for Pagaya Technologies’ current full-year earnings is $0.08 per share. Wedbush also issued estimates for Pagaya Technologies’ Q2 2025 earnings at $0.28 EPS and FY2026 earnings at $1.22 EPS.

Several other equities research analysts have also recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and set a $21.00 price target on shares of Pagaya Technologies in a research note on Wednesday, October 16th. B. Riley decreased their target price on shares of Pagaya Technologies from $48.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. JMP Securities reissued a “market outperform” rating and issued a $25.00 target price on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Oppenheimer began coverage on shares of Pagaya Technologies in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, Canaccord Genuity Group decreased their target price on shares of Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.11.

Pagaya Technologies Price Performance

Pagaya Technologies stock opened at $10.36 on Wednesday. Pagaya Technologies has a 12-month low of $8.20 and a 12-month high of $20.50. The stock has a market capitalization of $763.12 million, a P/E ratio of -4.08 and a beta of 6.33. The firm’s 50-day moving average is $11.08 and its two-hundred day moving average is $12.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17.

Insider Buying and Selling

In other news, President Sanjiv Das sold 10,683 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $11.77, for a total transaction of $125,738.91. Following the completion of the transaction, the president now owns 64,794 shares of the company’s stock, valued at approximately $762,625.38. The trade was a 14.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Yahav Yulzari purchased 23,600 shares of Pagaya Technologies stock in a transaction dated Monday, September 30th. The shares were purchased at an average cost of $10.52 per share, with a total value of $248,272.00. Following the acquisition, the insider now owns 311,637 shares of the company’s stock, valued at approximately $3,278,421.24. This trade represents a 8.19 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 186,045 shares of company stock worth $2,755,982. Insiders own 49.56% of the company’s stock.

Hedge Funds Weigh In On Pagaya Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Pagaya Technologies in the second quarter worth about $101,000. Bank of New York Mellon Corp acquired a new stake in Pagaya Technologies in the second quarter worth about $1,564,000. ARK Investment Management LLC lifted its holdings in Pagaya Technologies by 36.2% in the second quarter. ARK Investment Management LLC now owns 221,810 shares of the company’s stock worth $2,830,000 after purchasing an additional 58,939 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Pagaya Technologies in the second quarter worth about $166,000. Finally, nVerses Capital LLC acquired a new stake in Pagaya Technologies in the second quarter worth about $74,000. Institutional investors and hedge funds own 57.14% of the company’s stock.

About Pagaya Technologies

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets.