Pagaya Technologies (NASDAQ:PGY) Shares Gap Up – What’s Next?

Pagaya Technologies Ltd. (NASDAQ:PGY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $16.19, but opened at $18.00. Pagaya Technologies shares last traded at $16.2910, with a volume of 1,721,856 shares changing hands.

Key Stories Impacting Pagaya Technologies

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

• Positive Sentiment: Major earnings and revenue beats: Pagaya reported adjusted earnings of $1.07 per share, well above analyst estimates ranging from $0.32 to $0.71. Revenue reached $387.0 million, exceeding the $356.5 million consensus estimate and increasing 15.1% year over year. Pagaya Technologies Ltd. Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Record business momentum: Management cited record net income and network volume, indicating stronger partner activity and increased adoption of Pagaya’s AI-driven financial products. The company said its growth “flywheel” is accelerating as partners send more volume and use more products. Pagaya Stock Rises After Q2 Double Beat
• Positive Sentiment: Higher full-year profit outlook: Pagaya raised its full-year 2026 net income guidance, reinforcing investor confidence that operating momentum and scale are translating into improved profitability. Pagaya Reports Second Quarter 2026 Results
• Neutral Sentiment: Pagaya’s valuation had appeared discounted on price-to-sales and price-to-tangible-book measures before the report, potentially offering additional support if the company sustains its growth and profitability. Does Pagaya’s Discounted Valuation Make the Stock a Buy Now?
• Negative Sentiment: Forward revenue guidance was conservative: Third-quarter revenue guidance of $370 million-$390 million is below the $396.4 million analyst consensus. Full-year revenue guidance of $1.4 billion-$1.5 billion also only reaches the current $1.5 billion consensus at its upper end, creating a potential near-term overhang despite the strong quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $32.00 target price on shares of Pagaya Technologies in a research report on Monday, May 18th. Weiss Ratings upgraded Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Zacks Research lowered Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $35.86.

Pagaya Technologies Stock Up 3.0%

The stock’s 50 day simple moving average is $16.01 and its two-hundred day simple moving average is $15.05. The firm has a market cap of $1.38 billion, a P/E ratio of 15.57 and a beta of 5.32. The company has a debt-to-equity ratio of 1.25, a current ratio of 12.09 and a quick ratio of 12.09.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Sunday, March 22nd. The company reported ($40.85) EPS for the quarter. The company had revenue of $91.63 million during the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%. As a group, research analysts forecast that Pagaya Technologies Ltd. will post 2.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Gal Krubiner bought 16,230 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were acquired at an average cost of $15.43 per share, with a total value of $250,428.90. Following the completion of the acquisition, the chief executive officer owned 555,906 shares of the company’s stock, valued at $8,577,629.58. The trade was a 3.01% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tami Rosen sold 9,944 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $15.20, for a total value of $151,148.80. Following the completion of the sale, the director directly owned 37,544 shares in the company, valued at approximately $570,668.80. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 58,090 shares of company stock valued at $923,764. Company insiders own 41.99% of the company’s stock.

Institutional Trading of Pagaya Technologies

Several institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Pagaya Technologies during the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Pagaya Technologies by 351.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock worth $29,000 after buying an additional 1,084 shares in the last quarter. Transamerica Financial Advisors LLC bought a new position in shares of Pagaya Technologies in the fourth quarter worth approximately $30,000. Quarry LP lifted its stake in shares of Pagaya Technologies by 330.8% in the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock worth $35,000 after buying an additional 1,277 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Pagaya Technologies during the fourth quarter valued at approximately $52,000. 57.14% of the stock is owned by hedge funds and other institutional investors.

About Pagaya Technologies

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.