Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.35.
A number of equities research analysts recently commented on the stock. Wedbush increased their target price on shares of Pagaya Technologies from $1.50 to $3.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. JMP Securities decreased their price target on shares of Pagaya Technologies from $2.75 to $2.25 and set a “market outperform” rating for the company in a report on Monday. Benchmark reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Pagaya Technologies in a report on Friday, September 8th. B. Riley started coverage on shares of Pagaya Technologies in a report on Wednesday, July 26th. They issued a “buy” rating and a $4.00 price target for the company. Finally, Canaccord Genuity Group raised their price target on shares of Pagaya Technologies from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Monday, August 14th.
Get Our Latest Stock Report on PGY
Institutional Trading of Pagaya Technologies
Pagaya Technologies Trading Up 0.8 %
NASDAQ:PGY opened at $1.24 on Tuesday. Pagaya Technologies has a 52 week low of $0.57 and a 52 week high of $2.83. The firm has a 50 day moving average of $1.83 and a 200 day moving average of $1.52. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $879.05 million, a price-to-earnings ratio of -4.28 and a beta of 7.88.
Pagaya Technologies (NASDAQ:PGY – Get Free Report) last posted its earnings results on Thursday, August 10th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). Pagaya Technologies had a negative net margin of 26.78% and a negative return on equity of 11.21%. The company had revenue of $185.69 million during the quarter, compared to analysts’ expectations of $186.45 million. As a group, sell-side analysts anticipate that Pagaya Technologies will post -0.12 earnings per share for the current fiscal year.
About Pagaya Technologies
Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and internationally. It primarily develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. The company's partners include high-growth financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers.
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