Canaccord Genuity Group Raises Pagaya Technologies (NASDAQ:PGY) Price Target to $36.00

Pagaya Technologies (NASDAQ:PGY) had its price target increased by research analysts at Canaccord Genuity Group from $32.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 104.08% from the stock’s current price.

Several other analysts have also commented on the stock. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Pagaya Technologies presently has a consensus rating of “Buy” and an average target price of $36.43.

Pagaya Technologies Trading Up 9.0%

Shares of PGY stock opened at $17.64 on Friday. The stock has a market cap of $1.46 billion, a P/E ratio of 16.49 and a beta of 5.32. The company has a quick ratio of 12.09, a current ratio of 12.09 and a debt-to-equity ratio of 1.25. Pagaya Technologies has a fifty-two week low of $10.40 and a fifty-two week high of $44.99. The business has a fifty day simple moving average of $16.10 and a 200-day simple moving average of $14.99.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. The business had revenue of $91.63 million during the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%. On average, analysts forecast that Pagaya Technologies will post 2.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 14,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $15.83, for a total transaction of $221,620.00. Following the completion of the sale, the president owned 165,475 shares of the company’s stock, valued at approximately $2,619,469.25. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gal Krubiner acquired 16,230 shares of Pagaya Technologies stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average cost of $15.43 per share, for a total transaction of $250,428.90. Following the completion of the purchase, the chief executive officer directly owned 555,906 shares in the company, valued at approximately $8,577,629.58. This represents a 3.01% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,090 shares of company stock worth $923,764. 41.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in shares of Pagaya Technologies in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Pagaya Technologies by 351.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after buying an additional 1,084 shares during the last quarter. Transamerica Financial Advisors LLC bought a new stake in shares of Pagaya Technologies in the fourth quarter worth $30,000. Quarry LP boosted its stake in Pagaya Technologies by 330.8% during the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Pagaya Technologies in the 4th quarter worth about $52,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

Pagaya Technologies News Summary

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

• Positive Sentiment: Pagaya reported second-quarter EPS of $1.07, well above analyst expectations, while revenue reached $387.04 million—15.1% higher than a year earlier and above the roughly $356.5 million consensus estimate. Pagaya Technologies earnings report
• Positive Sentiment: Record network volume and increased loan processing showed that Pagaya’s AI lending platform is attracting more business. Although the company earned less per dollar processed, substantially higher volume helped produce sharply stronger profits and record net income. PYMNTS earnings article
• Positive Sentiment: Management raised its full-year 2026 net income guidance, reinforcing the view that Pagaya’s operating scale and expanding product adoption are improving profitability. Pagaya second-quarter results release
• Neutral Sentiment: Analyst commentary before the report pointed to PGY’s discounted valuation as a potential attraction for value-oriented investors, though valuation remains dependent on continued earnings growth. Zacks valuation analysis
• Negative Sentiment: Pagaya forecast third-quarter revenue of $370 million to $390 million, below the $396.4 million consensus estimate, and narrowed full-year revenue guidance to $1.4 billion-$1.5 billion versus expectations near $1.5 billion. This softer revenue outlook could limit the stock’s upside despite the strong quarter. Yahoo Finance Pagaya earnings article

Pagaya Technologies Company Profile

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.