Benchmark Has Lowered Expectations for Pagaya Technologies (NASDAQ:PGY) Stock Price

Pagaya Technologies (NASDAQ:PGY) had its target price reduced by equities research analysts at Benchmark from $48.00 to $33.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 124.03% from the company’s current price.

A number of other research firms have also commented on PGY. Freedom Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Pagaya Technologies in a research report on Friday, January 9th. Keefe, Bruyette & Woods cut their price target on Pagaya Technologies from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 2nd. Canaccord Genuity Group dropped their price objective on Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Wall Street Zen lowered shares of 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, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Pagaya Technologies has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Pagaya Technologies Price Performance

NASDAQ:PGY traded up $0.54 during midday trading on Tuesday, hitting $14.73. 4,252,559 shares of the stock were exchanged, compared to its average volume of 4,375,085. The business has a 50-day moving average price of $22.16 and a two-hundred day moving average price of $27.75. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -5.52 and a beta of 5.85. 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 one year low of $8.50 and a one year high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last announced its earnings results on Monday, February 9th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.75 by $0.05. The firm had revenue of $334.81 million for the quarter, compared to the consensus estimate of $348.75 million. Pagaya Technologies had a negative net margin of 15.32% and a positive return on equity of 31.59%. The business’s quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Sell-side analysts predict that Pagaya Technologies will post 0.88 EPS for the current year.

Insider Buying and Selling

In related news, CFO Evangelos Perros sold 9,750 shares of the business’s stock in a transaction on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Sanjiv Das sold 3,945 shares of Pagaya Technologies stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $22.99, for a total transaction of $90,695.55. Following the sale, the president owned 129,986 shares of the company’s stock, valued at approximately $2,988,378.14. This represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 21,256 shares of company stock valued at $547,198. 47.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PGY. G2 Investment Partners Management LLC bought a new stake in Pagaya Technologies in the second quarter worth $5,403,000. Federated Hermes Inc. boosted its stake in shares of Pagaya Technologies by 40.8% during the third quarter. Federated Hermes Inc. now owns 600,140 shares of the company’s stock valued at $17,818,000 after purchasing an additional 174,033 shares during the period. Jump Financial LLC grew its stake in Pagaya Technologies by 509.6% in the second quarter. Jump Financial LLC now owns 672,635 shares of the company’s stock valued at $14,341,000 after purchasing an additional 562,294 shares during the last quarter. Walleye Capital LLC purchased a new stake in Pagaya Technologies in the second quarter valued at about $2,027,000. Finally, Hamilton Lane Advisors LLC purchased a new position in shares of Pagaya Technologies in the third quarter worth $12,097,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Trending Headlines about Pagaya Technologies

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

• Positive Sentiment: Q4 EPS beat and year-over-year revenue growth — Pagaya reported Q4 EPS of $0.80 vs. $0.75 consensus and revenue grew ~19.8% year-over-year, signaling continued profitability progress. BusinessWire: Q4 Results
• Positive Sentiment: Analysts largely maintain Buy ratings — Stephens kept a Buy rating, arguing the pullback overstates risks as profitability remains strong, which supports investor confidence despite the selloff. TipRanks: Stephens Maintains Buy
• Neutral Sentiment: Price-target adjustments reflect mixed expectations — Canaccord cut its PT from $39 to $32 but left a Buy rating, indicating confidence in long-term upside while recognizing near-term headwinds. TickerReport: Canaccord PT Cut
• Negative Sentiment: Revenue miss and weaker forward guidance pressured the stock — Q4 revenue came in at $334.8M vs. ~$348.8M expected, and management guided Q1 revenue below Street expectations (guidance $315M–$335M vs. ~$345.6M consensus) and issued FY‑2026 revenue guidance of $1.4B–$1.6B (around or slightly below consensus midpoint). Those softer top-line signals triggered the sharp selloff. MSN: PGY Stock Drops After Revenue Miss

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.