Pagaya Technologies (PGY) Projected to Post Quarterly Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY) is expected to be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $265.14 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Pagaya Technologies Price Performance

Shares of NASDAQ:PGY opened at $13.01 on Tuesday. Pagaya Technologies has a 12 month low of $8.20 and a 12 month high of $20.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.82. The stock has a market cap of $958.32 million, a P/E ratio of -5.12 and a beta of 6.09. The company has a 50 day moving average of $9.59 and a 200 day moving average of $11.14.

Analyst Ratings Changes

Several research firms have recently weighed in on PGY. Citigroup raised shares of Pagaya Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $14.50 in a report on Friday. UBS Group began coverage on Pagaya Technologies in a research note on Friday, December 20th. They issued a “neutral” rating and a $11.00 target price on the stock. Canaccord Genuity Group dropped their price target on Pagaya Technologies from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, Benchmark restated a “buy” rating and issued a $21.00 price objective on shares of Pagaya Technologies in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pagaya Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $20.06.

Insider Activity

In other Pagaya Technologies news, insider Tami Rosen sold 21,547 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $214,823.59. Following the completion of the sale, the insider now directly owns 73,550 shares of the company’s stock, valued at $733,293.50. The trade was a 22.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Evangelos Perros sold 21,305 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.97, for a total value of $212,410.85. Following the transaction, the chief financial officer now directly owns 54,029 shares in the company, valued at $538,669.13. This trade represents a 28.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,323 shares of company stock worth $674,844. 49.56% of the stock is currently owned by insiders.

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.