Citizens Jmp Forecasts Strong Price Appreciation for Pagaya Technologies (NASDAQ:PGY) Stock

Pagaya Technologies (NASDAQ:PGY) had its price target raised by research analysts at Citizens Jmp from $22.00 to $25.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target indicates a potential upside of 41.72% from the company’s previous close.

A number of other research firms have also recently issued reports on PGY. Canaccord Genuity Group raised their price objective on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Weiss Ratings raised Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Zacks Research cut Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $35.00.

Pagaya Technologies Stock Up 9.0%

Shares of PGY stock opened at $17.64 on Friday. Pagaya Technologies has a 52-week low of $10.40 and a 52-week high of $44.99. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 16.49 and a beta of 5.32. The firm’s 50-day moving average is $16.10 and its 200-day moving average is $14.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 12.09 and a current ratio of 12.09.

Pagaya Technologies (NASDAQ:PGY) last posted its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. The business had revenue of $91.63 million for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%. Sell-side analysts predict that Pagaya Technologies will post 2.92 EPS for the current year.

Insiders Place Their Bets

In other Pagaya Technologies news, CAO Cory Vieira sold 2,140 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.01, for a total transaction of $32,121.40. Following the completion of the sale, the chief accounting officer directly owned 18,179 shares in the company, valued at $272,866.79. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Gal Krubiner acquired 16,230 shares of Pagaya Technologies stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average price of $15.43 per share, with a total value of $250,428.90. Following the acquisition, the chief executive officer owned 555,906 shares of the company’s stock, valued at approximately $8,577,629.58. This trade represents a 3.01% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 58,090 shares of company stock worth $923,764 in the last 90 days. Corporate insiders own 41.99% of the company’s stock.

Hedge Funds Weigh In On Pagaya Technologies

Large investors have recently made changes to their positions in the company. Main Management ETF Advisors LLC raised its position in Pagaya Technologies by 1.0% during the 4th quarter. Main Management ETF Advisors LLC now owns 72,036 shares of the company’s stock worth $1,506,000 after purchasing an additional 736 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Pagaya Technologies by 5.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,136 shares of the company’s stock worth $176,000 after buying an additional 776 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Pagaya Technologies by 5.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 16,493 shares of the company’s stock valued at $345,000 after buying an additional 790 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Pagaya Technologies by 3.2% in the 4th quarter. MetLife Investment Management LLC now owns 27,845 shares of the company’s stock valued at $582,000 after buying an additional 867 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Pagaya Technologies by 4.8% in the third quarter. Franklin Resources Inc. now owns 22,766 shares of the company’s stock valued at $676,000 after buying an additional 1,043 shares during the period. Institutional investors own 57.14% of the company’s stock.

Key Pagaya Technologies News

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

• Positive Sentiment: Pagaya reported second-quarter EPS of $1.07, well above analyst expectations, while revenue reached $387.04 million—15.1% higher than a year earlier and above the roughly $356.5 million consensus estimate. Pagaya Technologies earnings report
• Positive Sentiment: Record network volume and increased loan processing showed that Pagaya’s AI lending platform is attracting more business. Although the company earned less per dollar processed, substantially higher volume helped produce sharply stronger profits and record net income. PYMNTS earnings article
• Positive Sentiment: Management raised its full-year 2026 net income guidance, reinforcing the view that Pagaya’s operating scale and expanding product adoption are improving profitability. Pagaya second-quarter results release
• Neutral Sentiment: Analyst commentary before the report pointed to PGY’s discounted valuation as a potential attraction for value-oriented investors, though valuation remains dependent on continued earnings growth. Zacks valuation analysis
• Negative Sentiment: Pagaya forecast third-quarter revenue of $370 million to $390 million, below the $396.4 million consensus estimate, and narrowed full-year revenue guidance to $1.4 billion-$1.5 billion versus expectations near $1.5 billion. This softer revenue outlook could limit the stock’s upside despite the strong quarter. Yahoo Finance Pagaya earnings article

Pagaya Technologies Company Profile

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.