Pagaya Technologies (PGY) Scheduled to Post Earnings on Tuesday

Pagaya Technologies (NASDAQ:PGYGet Rating) will release its earnings data before the market opens on Tuesday, May 16th. Analysts expect Pagaya Technologies to post earnings of $0.01 per share for the quarter. Pagaya Technologies has set its FY 2023 guidance at EPS and its Q1 2023 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Pagaya Technologies (NASDAQ:PGYGet Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $192.89 million for the quarter, compared to analysts’ expectations of $166.00 million.

Pagaya Technologies Stock Down 3.3 %

PGY opened at $0.87 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.28 and a current ratio of 3.28. The stock’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.04. Pagaya Technologies has a 52 week low of $0.57 and a 52 week high of $34.50.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark assumed coverage on Pagaya Technologies in a research report on Tuesday, April 25th. They set a “buy” rating and a $2.00 target price on the stock. UBS Group increased their target price on Pagaya Technologies from $1.25 to $1.35 and gave the company a “neutral” rating in a research report on Thursday, February 16th. Finally, Canaccord Genuity Group raised Pagaya Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $1.50 to $3.00 in a research report on Thursday, February 16th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to, the company currently has a consensus rating of “Hold” and a consensus target price of $3.64.

Institutional Trading of Pagaya Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Pagaya Technologies by 299,769.2% during the 4th quarter. JPMorgan Chase & Co. now owns 584,745 shares of the company’s stock worth $725,000 after acquiring an additional 584,550 shares during the period. Geode Capital Management LLC lifted its position in Pagaya Technologies by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 393,923 shares of the company’s stock worth $488,000 after acquiring an additional 17,818 shares during the period. Point72 Asset Management L.P. lifted its position in Pagaya Technologies by 2,100.0% during the 4th quarter. Point72 Asset Management L.P. now owns 250,000 shares of the company’s stock worth $310,000 after acquiring an additional 262,500 shares during the period. Millennium Management LLC raised its stake in shares of Pagaya Technologies by 164.8% during the 4th quarter. Millennium Management LLC now owns 142,159 shares of the company’s stock valued at $176,000 after buying an additional 88,471 shares during the last quarter. Finally, HRT Financial LP purchased a new position in shares of Pagaya Technologies during the 4th quarter valued at about $66,000. Institutional investors and hedge funds own 22.60% of the company’s stock.

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.

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