Pagaya Technologies (PGY) Scheduled to Post Earnings on Tuesday

Pagaya Technologies (NASDAQ:PGY) is scheduled to announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Pagaya Technologies has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The business had revenue of $250.34 million during the quarter, compared to analyst estimates of $239.16 million. Pagaya Technologies had a negative net margin of 14.58% and a negative return on equity of 3.10%. On average, analysts expect Pagaya Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pagaya Technologies Trading Down 8.5 %

Shares of Pagaya Technologies stock opened at $10.69 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.72. Pagaya Technologies has a 12-month low of $8.56 and a 12-month high of $20.50. The company has a market capitalization of $767.76 million, a price-to-earnings ratio of -5.43 and a beta of 6.33. The firm’s 50-day moving average price is $11.81 and its two-hundred day moving average price is $12.20.

Analyst Ratings Changes

Several brokerages recently commented on PGY. Oppenheimer began coverage on Pagaya Technologies in a research report on Tuesday, October 1st. They set an “outperform” rating and a $12.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Pagaya Technologies in a research report on Wednesday, October 16th. JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of Pagaya Technologies in a research report on Tuesday, September 3rd. Canaccord Genuity Group cut their price target on Pagaya Technologies from $42.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Wedbush restated a “neutral” rating and issued a $13.00 target price on shares of Pagaya Technologies in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.89.

Insider Transactions at Pagaya Technologies

In other news, insider Tami Rosen sold 17,570 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $12.06, for a total value of $211,894.20. Following the transaction, the insider now directly owns 73,516 shares in the company, valued at $886,602.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Tami Rosen sold 17,570 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $12.06, for a total value of $211,894.20. Following the completion of the sale, the insider now directly owns 73,516 shares of the company’s stock, valued at $886,602.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Sanjiv Das sold 10,683 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $11.77, for a total value of $125,738.91. Following the completion of the transaction, the president now directly owns 64,794 shares in the company, valued at approximately $762,625.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,649 shares of company stock worth $706,744 over the last quarter. 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.