FY2025 Earnings Forecast for Pagaya Technologies Ltd. Issued By Wedbush (NASDAQ:PGY)

Pagaya Technologies Ltd. (NASDAQ:PGY – Get Rating) – Equities research analysts at Wedbush upped their FY2025 earnings per share estimates for Pagaya Technologies in a report issued on Wednesday, January 18th. Wedbush analyst D. Chiaverini now forecasts that the company will earn $0.14 per share for the year, up from their prior estimate of $0.10. Wedbush has a “Neutral” rating and a $2.00 price target on the stock. The consensus estimate for Pagaya Technologies’ current full-year earnings is ($0.30) per share. Wedbush also issued estimates for Pagaya Technologies’ FY2026 earnings at $0.25 EPS.

Several other research firms have also recently weighed in on PGY. Canaccord Genuity Group began coverage on Pagaya Technologies in a research report on Wednesday, December 14th. They set a “hold” rating and a $1.50 price objective for the company. Canaccord Genuity Group began coverage on Pagaya Technologies in a research report on Wednesday, December 14th. They set a “hold” rating and a $1.50 price objective for the company. Finally, UBS Group began coverage on Pagaya Technologies in a research report on Friday, January 13th. They set a “neutral” rating and a $1.25 price objective for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Pagaya Technologies has an average rating of “Hold” and an average price target of $3.65.

Pagaya Technologies Stock Up 6.5 %

Shares of Pagaya Technologies stock opened at $0.98 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.94 and a current ratio of 4.93. The business has a 50-day moving average of $0.97 and a two-hundred day moving average of $5.81. Pagaya Technologies has a 1 year low of $0.57 and a 1 year high of $34.50.

Pagaya Technologies (NASDAQ:PGY – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $185.61 million during the quarter, compared to the consensus estimate of $178.00 million.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PGY. Tiger Global Management LLC acquired a new position in Pagaya Technologies during the third quarter valued at approximately $134,636,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Pagaya Technologies in the second quarter valued at approximately $160,964,000. Whale Rock Capital Management LLC bought a new stake in Pagaya Technologies in the second quarter valued at approximately $48,660,000. Aflac Inc. bought a new stake in Pagaya Technologies in the third quarter valued at approximately $2,831,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Pagaya Technologies in the second quarter valued at approximately $6,270,000. 22.60% of the stock is owned by institutional investors and hedge funds.

About Pagaya Technologies

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Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and the Cayman Islands. It develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its partners include high-growth financial technology companies, incumbent financial institutions, auto finance providers, and brokers.