Citigroup Cuts Pagaya Technologies (NASDAQ:PGY) Price Target to $32.00

Pagaya Technologies (NASDAQ:PGY) had its target price decreased by Citigroup from $40.00 to $32.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the stock. Canaccord Genuity Group decreased their price objective on shares of Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Benchmark cut their price objective on Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Keefe, Bruyette & Woods decreased their target price on Pagaya Technologies from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 2nd. Finally, Wall Street Zen lowered Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Pagaya Technologies Stock Performance

Shares of PGY stock opened at $12.43 on Thursday. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.16. Pagaya Technologies has a 12-month low of $8.50 and a 12-month high of $44.99. The business’s 50 day moving average is $21.25 and its two-hundred day moving average is $27.27. The company has a market capitalization of $999.37 million, a P/E ratio of 13.97 and a beta of 5.85.

Pagaya Technologies (NASDAQ:PGY) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05. Pagaya Technologies had a return on equity of 45.94% and a net margin of 6.25%.The business had revenue of $334.81 million during the quarter, compared to analysts’ expectations of $348.75 million. During the same period in the previous year, the business earned $0.17 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. Analysts expect that Pagaya Technologies will post 0.88 EPS for the current fiscal year.

Insider Activity at Pagaya Technologies

In other news, CFO Evangelos Perros sold 9,750 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $22.99, for a total transaction of $224,152.50. Following the transaction, the chief financial officer owned 100,212 shares of the company’s stock, valued at approximately $2,303,873.88. The trade was a 8.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Sanjiv Das sold 3,945 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $22.99, for a total transaction of $90,695.55. Following the completion of the sale, the president directly owned 129,986 shares of the company’s stock, valued at $2,988,378.14. This represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 21,256 shares of company stock valued at $547,198. 47.59% of the stock is currently owned by insiders.

Institutional Trading of Pagaya Technologies

Several hedge funds have recently made changes to their positions in PGY. Versant Capital Management Inc purchased a new stake in shares of Pagaya Technologies during the 3rd quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in Pagaya Technologies in the fourth quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new position in shares of Pagaya Technologies in the 4th quarter valued at $30,000. Quarry LP grew its holdings in shares of Pagaya Technologies by 330.8% during the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock worth $35,000 after purchasing an additional 1,277 shares during the period. Finally, LSV Asset Management acquired a new stake in shares of Pagaya Technologies during the 3rd quarter worth about $36,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Pagaya Technologies News Summary

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

• Positive Sentiment: Analysts’ consensus remains constructive — the firm was given an average recommendation of “Moderate Buy,” which supports upside if guidance or execution stabilizes. Pagaya Given Average Recommendation of Moderate Buy
• Neutral Sentiment: Benzinga rounded up five analysts discussing PGY, providing context on valuation, growth prospects and risk — useful for investors weighing recovery vs. execution risk. Beyond The Numbers: 5 Analysts Discuss Pagaya Techs Stock
• Neutral Sentiment: Yahoo Finance published a valuation review after the share-price weakness — helpful background on multiples and what improved guidance or margin expansion would need to look like to justify higher levels. A Look At Pagaya Technologies Valuation After Recent Share Price Weakness
• Negative Sentiment: Zacks highlights a 47.7% one‑month plunge tied to the company’s soft 2026 guidance and tighter underwriting, which investors view as a near‑term earnings headwind despite positive GAAP income. That narrative is the clearest driver of selling pressure. PGY Shares Plunge 47.7% in a Month
• Negative Sentiment: Benchmark cut its price target to $33.00, signaling reduced near‑term confidence in upside from current levels and contributing to downward pressure on the stock. Benchmark Cuts Pagaya Price Target to $33
• Negative Sentiment: Citigroup lowered its target from $40 to $32 while keeping a buy rating — a meaningful cut that signals analysts are repricing growth and underwriting risk. Citigroup Lowers PT to $32
• Negative Sentiment: Canaccord and Jefferies issued pessimistic forecasts for PGY, adding to the chorus of cautious outlooks that weigh on investor sentiment and could limit near‑term upside. Canaccord Forecast for Pagaya Jefferies Forecast for Pagaya

About Pagaya Technologies

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.