Pagaya Technologies (PGY) Set to Announce Quarterly Earnings on Thursday

Pagaya Technologies (NASDAQ:PGY) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Pagaya Technologies Trading Down 1.9 %

Shares of PGY stock opened at $10.75 on Wednesday. The company has a market capitalization of $56.44 million, a price-to-earnings ratio of -4.97 and a beta of 6.55. 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 firm has a 50-day moving average price of $11.35 and a 200 day moving average price of $14.04. Pagaya Technologies has a twelve month low of $8.56 and a twelve month high of $33.96.

Insider Activity at Pagaya Technologies

In related news, CEO Gal Krubiner acquired 33,600 shares of the stock in a transaction dated Thursday, April 4th. The stock was bought at an average cost of $10.36 per share, with a total value of $348,096.00. Following the purchase, the chief executive officer now directly owns 523,076 shares of the company’s stock, valued at $5,419,067.36. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Gal Krubiner acquired 33,600 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were bought at an average cost of $10.36 per share, for a total transaction of $348,096.00. Following the acquisition, the chief executive officer now directly owns 523,076 shares in the company, valued at approximately $5,419,067.36. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Tami Rosen bought 10,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were purchased at an average price of $10.47 per share, with a total value of $104,700.00. Following the acquisition, the insider now directly owns 28,818 shares in the company, valued at approximately $301,724.46. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 194,807 shares of company stock worth $2,012,373.

Analyst Ratings Changes

A number of research firms have recently weighed in on PGY. Canaccord Genuity Group reissued a “buy” rating and issued a $42.00 price objective on shares of Pagaya Technologies in a research report on Thursday, February 22nd. Wedbush cut their price target on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, March 15th. Finally, JMP Securities reduced 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pagaya Technologies presently has an average 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.