Pagaya Technologies (PGY) Set to Announce Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Pagaya Technologies to post earnings of $0.16 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Pagaya Technologies Stock Up 0.4 %

PGY opened at $9.77 on Thursday. Pagaya Technologies has a 1-year low of $8.56 and a 1-year high of $33.96. The stock’s fifty day simple moving average is $11.94 and its 200 day simple moving average is $14.17. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.49. The stock has a market cap of $576.94 million, a PE ratio of -4.52 and a beta of 6.66.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JMP Securities dropped their price target on Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Monday, April 8th. Wedbush lowered their price objective on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, March 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.08.

Insider Transactions at Pagaya Technologies

In related news, CEO Gal Krubiner bought 33,600 shares of Pagaya Technologies stock in a transaction dated Thursday, April 4th. The shares were bought at an average cost of $10.36 per share, with a total value of $348,096.00. Following the acquisition, the chief executive officer now owns 523,076 shares in the company, valued at approximately $5,419,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Pagaya Technologies news, Director Avi Zeevi acquired 30,000 shares of Pagaya Technologies stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average cost of $10.35 per share, with a total value of $310,500.00. Following the completion of the purchase, the director now directly owns 35,656 shares of the company’s stock, valued at approximately $369,039.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gal Krubiner acquired 33,600 shares of Pagaya Technologies stock in a transaction that occurred on Thursday, April 4th. The stock was acquired at an average cost of $10.36 per share, for a total transaction of $348,096.00. Following the completion of the purchase, the chief executive officer now directly owns 523,076 shares of the company’s stock, valued at $5,419,067.36. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 194,807 shares of company stock valued at $2,012,373.

Pagaya Technologies Company Profile

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.