Pagaya Technologies (PGY) Projected to Post Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $265.14 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Pagaya Technologies Stock Up 4.1 %

PGY opened at $13.01 on Tuesday. Pagaya Technologies has a fifty-two week low of $8.20 and a fifty-two week high of $20.00. The firm has a market capitalization of $958.32 million, a P/E ratio of -5.12 and a beta of 6.09. The company’s 50-day moving average is $9.59 and its 200 day moving average is $11.14. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.17 and a quick ratio of 1.17.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group started coverage on shares of Pagaya Technologies in a research report on Friday, December 20th. They set a “neutral” rating and a $11.00 target price on the stock. Citigroup upgraded Pagaya Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $14.50 in a report on Friday. Benchmark restated a “buy” rating and issued a $21.00 price objective on shares of Pagaya Technologies in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group lowered their target price on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Pagaya Technologies has an average rating of “Moderate Buy” and an average target price of $20.06.

Insiders Place Their Bets

In related news, President Sanjiv Das sold 7,282 shares of Pagaya Technologies stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $8.85, for a total value of $64,445.70. Following the completion of the transaction, the president now directly owns 91,163 shares in the company, valued at approximately $806,792.55. The trade was a 7.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tami Rosen sold 9,846 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $12.18, for a total transaction of $119,924.28. Following the sale, the insider now directly owns 73,550 shares in the company, valued at $895,839. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,323 shares of company stock valued at $674,844 over the last ninety days. 49.56% of the stock is currently owned by insiders.

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.