Pagaya Technologies (NASDAQ:PGY) Shares Gap Down – Time to Sell?

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) gapped down prior to trading on Thursday. The stock had previously closed at $20.47, but opened at $17.02. Pagaya Technologies shares last traded at $20.2720, with a volume of 616,834 shares.

Key Headlines Impacting Pagaya Technologies

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

• Positive Sentiment: Pagaya exceeded estimates with adjusted EPS of $1.07 and revenue of $390.5 million, up 11.5% year over year. Network volume increased 29% to $3.6 billion, while management raised its 2026 GAAP net-income outlook to $162 million-$182 million. Pagaya Reports Third Quarter 2026 Results
• Positive Sentiment: Management cited $2 billion in newly committed capital, an expanding bank-partner pipeline and additional partnerships as support for continued loan-volume growth and resilience across credit cycles. Pagaya forecasts 2026 GAAP net income while expanding bank partner pipeline
• Positive Sentiment: B. Riley reaffirmed its Buy rating and lifted its price target to $38 from $36, citing substantial potential upside. B. Riley Financial rating
• Neutral Sentiment: Some analysts view PGY as undervalued at roughly five times projected 2027 earnings, though the stock remains exposed to the market’s broader discount for fintech companies. Pagaya Technologies: Stuck In The Fintech Discount Isle
• Negative Sentiment: Management’s fourth-quarter network-volume guidance is lower, and higher funding costs are pressuring margins. Pagaya is prioritizing unit economics over pursuing maximum volume, while raising APRs to improve fee revenue per loan; investors may interpret those measures as signs of near-term growth constraints. Pagaya: I Was Wrong On Profitability, Upgrading To Hold

Analyst Upgrades and Downgrades

A number of research firms have commented on PGY. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pagaya Technologies in a research report on Monday, September 14th. Canaccord Genuity Group lifted their price objective on Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Zacks Research cut Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. TD Cowen increased their target price on Pagaya Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday. Finally, Citizens Jmp raised their target price on Pagaya Technologies from $22.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $31.62.

Pagaya Technologies Stock Down 7.6%

The company has a fifty day simple moving average of $19.75 and a 200-day simple moving average of $16.58. The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 1.12. The firm has a market cap of $1.60 billion, a P/E ratio of 11.65 and a beta of 5.50.

Pagaya Technologies (NASDAQ:PGY) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.47 by $0.60. Pagaya Technologies had a return on equity of 52.60% and a net margin of 10.77%. The firm had revenue of $390.49 million for the quarter, compared to the consensus estimate of $382.10 million. During the same quarter last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Pagaya Technologies Ltd. will post 3.36 earnings per share for the current year.

Insider Buying and Selling at Pagaya Technologies

In other Pagaya Technologies news, President Sanjiv Das sold 21,289 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $22.00, for a total value of $468,358.00. Following the completion of the transaction, the president directly owned 144,186 shares in the company, valued at $3,172,092. This represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tami Rosen sold 28,181 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $21.98, for a total transaction of $619,418.38. Following the completion of the transaction, the director owned 16,665 shares of the company’s stock, valued at approximately $366,296.70. The trade was a 62.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 98,117 shares of company stock valued at $2,019,059 over the last 90 days. 41.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PGY. First Bancorp Inc ME bought a new stake in shares of Pagaya Technologies during the second quarter valued at approximately $36,000. Integrated Wealth Concepts LLC bought a new position in shares of Pagaya Technologies during the second quarter worth $37,000. Allworth Financial LP boosted its position in shares of Pagaya Technologies by 300.4% during the second quarter. Allworth Financial LP now owns 3,592 shares of the company’s stock worth $66,000 after acquiring an additional 2,695 shares during the last quarter. GK Wealth Management LLC purchased a new position in Pagaya Technologies during the third quarter valued at $67,000. Finally, State of Wyoming grew its stake in Pagaya Technologies by 150.3% during the first quarter. State of Wyoming now owns 6,532 shares of the company’s stock valued at $76,000 after acquiring an additional 3,922 shares in the last quarter. Institutional investors own 57.14% of the company’s stock.

Pagaya Technologies Company Profile

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and machine learning to help financial institutions expand access to credit and other financial products. Its technology platform analyzes large volumes of data to evaluate assets, identify investment opportunities and support lending decisions.

The company works with banks, lenders and other financial institutions, as well as institutional investors. Through its network-based platform, Pagaya helps partners originate loans and other assets while connecting those assets with institutional funding and capital markets solutions.