Pagaya Technologies (NASDAQ:PGY) Downgraded by Zacks Research to Hold

Zacks Research cut shares of Pagaya Technologies (NASDAQ:PGY) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other research analysts have also recently issued reports on PGY. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. B. Riley Financial increased their price target on Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pagaya Technologies in a report on Monday, September 14th. Jefferies Financial Group lifted their price objective on Pagaya Technologies from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Finally, Canaccord Genuity Group boosted their price objective on Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $31.25.

Pagaya Technologies Price Performance

Shares of Pagaya Technologies stock opened at $17.37 on Monday. The company has a current ratio of 11.08, a quick ratio of 11.08 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.77 and a beta of 5.35. Pagaya Technologies has a 1-year low of $10.40 and a 1-year high of $33.12. The firm’s 50-day moving average price is $20.39 and its two-hundred day moving average price is $16.44.

Insider Buying and Selling at Pagaya Technologies

In other news, CAO Cory Vieira sold 2,170 shares of the business’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $17.04, for a total transaction of $36,976.80. Following the completion of the sale, the chief accounting officer owned 25,160 shares in the company, valued at $428,726.40. The trade was a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Sanjiv Das sold 21,289 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $22.00, for a total value of $468,358.00. Following the transaction, the president directly owned 144,186 shares in the company, valued at $3,172,092. This trade represents a 12.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 96,131 shares of company stock worth $1,983,649. Insiders own 41.99% of the company’s stock.

Institutional Trading of Pagaya Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGY. Root Financial Partners LLC acquired a new position in Pagaya Technologies during the 4th quarter valued at about $27,000. First Bancorp Inc ME bought a new position in shares of Pagaya Technologies in the 2nd quarter valued at about $36,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Pagaya Technologies during the 2nd quarter worth approximately $37,000. Allworth Financial LP grew its position in shares of Pagaya Technologies by 300.4% during the 2nd quarter. Allworth Financial LP now owns 3,592 shares of the company’s stock worth $66,000 after buying an additional 2,695 shares during the period. Finally, State of Wyoming raised its stake in shares of Pagaya Technologies by 150.3% during the first quarter. State of Wyoming now owns 6,532 shares of the company’s stock worth $76,000 after buying an additional 3,922 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Pagaya Technologies

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya secured its first variable funding note facility with ATLAS SP Partners, supporting the company’s strategy of obtaining longer-term committed capital. The agreement may improve funding flexibility and help Pagaya expand its AI-driven lending and asset-financing platform. Pagaya secures variable funding note facility
• Positive Sentiment: KBRA assigned preliminary ratings to 16 classes of notes tied to Pagaya’s Research-Driven Pagaya Motor Asset Trust 2026-5 and Research-Driven Pagaya Motor Trust 2026-5 auto-loan asset-backed securities transaction. The ratings and substantial initial credit enhancement could support investor demand for Pagaya-sponsored securitizations. KBRA assigns preliminary ratings
• Positive Sentiment: A recent analysis described PGY as attractively valued at roughly 11.6 times projected 2026 earnings and cited year-over-year growth in platform volume and revenue, along with lower core operating expenses. The article placed a $28 price target on the shares, while the broader analyst consensus remains favorable. Pagaya valuation and outlook analysis
• Neutral Sentiment: President Sanjiv Das sold 14,300 shares, while Chief Accounting Officer Cory Vieira sold 2,170 shares, both at approximately $17.04. The filings state that the transactions covered tax-withholding obligations from vested equity awards, reducing their signaling value, though they still represent modest decreases in personal holdings. Pagaya insider transaction filing
• Negative Sentiment: The valuation analysis cautioned that adjusted earnings may overstate underlying profitability because recurring fair-value losses on retained securitization interests represent a meaningful cost. This could temper enthusiasm over PGY’s low headline P/E ratio.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and data analytics to facilitate access to credit and investment opportunities. Its technology platform evaluates loan and other credit-related assets, helping financial institutions make lending decisions and connect assets with institutional funding sources.

The company’s Pagaya Network is designed to integrate with banks, fintech companies and other originators. Through the network, Pagaya analyzes consumer credit, personal loan, auto loan and real estate-related assets, among other products, and helps distribute qualifying assets to institutional investors through structured financial vehicles.

Pagaya was founded in 2016 and is headquartered in New York, with roots in Israel.