Pagaya Technologies (PGY) to Release Earnings on Friday

Pagaya Technologies (NASDAQ:PGY) is scheduled to be posting its quarterly earnings results before the market opens on Friday, August 9th. Analysts expect Pagaya Technologies to post earnings of $0.20 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.19). Pagaya Technologies had a negative net margin of 10.53% and a negative return on equity of 4.23%. The company had revenue of $237.00 million for the quarter, compared to the consensus estimate of $229.45 million. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. On average, analysts expect Pagaya Technologies to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pagaya Technologies Price Performance

Shares of NASDAQ PGY opened at $13.79 on Thursday. Pagaya Technologies has a fifty-two week low of $8.56 and a fifty-two week high of $33.84. The firm’s 50-day simple moving average is $13.08 and its 200 day simple moving average is $12.75. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.61. The stock has a market cap of $977.71 million, a P/E ratio of -10.24 and a beta of 6.44.

Insider Buying and Selling

In related news, Director Nicole Torraco sold 4,743 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $12.04, for a total value of $57,105.72. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Pagaya Technologies news, CFO Evangelos Perros sold 11,293 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $12.15, for a total transaction of $137,209.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nicole Torraco sold 4,743 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $12.04, for a total value of $57,105.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,236 shares of company stock worth $197,438. Insiders own 19.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PGY. JMP Securities reiterated a “market outperform” rating and issued a $25.00 price target on shares of Pagaya Technologies in a research report on Friday, June 7th. Canaccord Genuity Group reiterated a “buy” rating and issued a $42.00 price target on shares of Pagaya Technologies in a research report on Thursday, May 9th. Benchmark reiterated a “buy” rating and issued a $22.00 price target on shares of Pagaya Technologies in a research report on Friday, May 10th. Keefe, Bruyette & Woods began coverage on shares of Pagaya Technologies in a research report on Monday, June 17th. They issued an “outperform” rating and a $23.00 price target on the stock. Finally, Citigroup began coverage on shares of Pagaya Technologies in a research report on Friday, May 24th. They issued a “neutral” rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Pagaya Technologies has an average rating of “Moderate Buy” and a consensus target price of $23.93.

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.