Pagaya Technologies (PGY) to Release Quarterly Earnings on Thursday

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

Pagaya Technologies Stock Performance

Shares of NASDAQ PGY opened at $10.75 on Wednesday. The stock has a market cap of $56.44 million, a PE ratio of -4.97 and a beta of 6.55. Pagaya Technologies has a 1 year low of $8.56 and a 1 year high of $33.96. The firm has a fifty day moving average price of $11.35 and a 200-day moving average price of $14.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 4.05 and a quick ratio of 4.05.

Insider Buying and Selling at Pagaya Technologies

In related news, President Sanjiv Das acquired 22,727 shares of Pagaya Technologies stock in a transaction on Friday, April 5th. The shares were bought at an average cost of $10.57 per share, with a total value of $240,224.39. Following the completion of the purchase, the president now directly owns 22,727 shares of the company’s stock, valued at approximately $240,224.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Sanjiv Das acquired 22,727 shares of the company’s stock in a transaction on Friday, April 5th. The stock was bought at an average cost of $10.57 per share, with a total value of $240,224.39. Following the completion of the purchase, the president now directly owns 22,727 shares of the company’s stock, valued at $240,224.39. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Yahav Yulzari acquired 60,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average price of $10.17 per share, for a total transaction of $610,200.00. Following the transaction, the executive now directly owns 299,699 shares of the company’s stock, valued at $3,047,938.83. The disclosure for this purchase can be found here. Insiders acquired 194,807 shares of company stock worth $2,012,373 over the last 90 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. 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. JMP Securities lowered their price target on Pagaya Technologies from $30.00 to $25.00 and set a “market outperform” rating on the stock in a report on Monday, April 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Pagaya Technologies in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.08.

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.