Renaissance Technologies LLC Decreases Holdings in Pagaya Technologies Ltd. $PGY

Renaissance Technologies LLC trimmed its holdings in Pagaya Technologies Ltd. (NASDAQ:PGY) by 27.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 983,585 shares of the company’s stock after selling 370,479 shares during the quarter. Renaissance Technologies LLC’s holdings in Pagaya Technologies were worth $11,459,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in shares of Pagaya Technologies during the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd lifted its stake in 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 purchasing an additional 1,084 shares during the last quarter. Transamerica Financial Advisors LLC bought a new stake in Pagaya Technologies in the fourth quarter worth $30,000. Quarry LP boosted its position in Pagaya Technologies by 330.8% during the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after buying an additional 1,277 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Pagaya Technologies during the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 57.14% of the company’s stock.

Key Headlines Impacting Pagaya Technologies

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

• Positive Sentiment: Strong Q2 earnings beat: Pagaya reported adjusted earnings of $1.07 per share, well above the $0.32 consensus estimate, while revenue rose 15.1% year over year to $387.0 million, exceeding expectations of $356.5 million. Pagaya Technologies Q2 2026 earnings report
• Positive Sentiment: Profitability and volume momentum: Management highlighted record net income and record network volume. Pagaya is processing more loans and products through its AI-powered lending network; although revenue earned per dollar declined, the greater scale produced sharply higher profits. Pagaya Is Processing More Loans, Earning Less per Dollar, and Making More Money
• Positive Sentiment: Higher full-year net-income outlook: Pagaya raised its full-year 2026 net-income guidance, signaling confidence that operating leverage and increased platform activity can continue improving results. The company’s earnings call also emphasized stronger partner adoption and broader product usage. Pagaya Reports Second Quarter 2026 Results and Raises Full-Year Net Income Guidance
• Positive Sentiment: Analyst price-target increases: B. Riley and Canaccord Genuity raised their targets to $36 and maintained “buy” ratings. Citizens JMP lifted its target to $25 and retained a “market outperform” rating, reinforcing bullish sentiment following the results. Pagaya Technologies analyst price-target updates
• Neutral Sentiment: Growth remains dependent on scale: Management’s results suggest Pagaya can expand profits despite lower take rates, but investors will monitor whether rising loan volume and product adoption translate into sustainable revenue growth and cash generation. Pagaya Technologies Q2 2026 earnings call transcript
• Negative Sentiment: Revenue guidance was below expectations: Pagaya forecast third-quarter revenue of $370 million to $390 million, below the $396.4 million consensus estimate, and narrowed full-year 2026 revenue guidance to $1.4 billion-$1.5 billion versus expectations near $1.5 billion. This could limit upside if profitability improvements do not offset slower revenue growth. Pagaya Technologies Q2 adjusted earnings and revenue

Analyst Ratings Changes

PGY has been the topic of a number of recent research reports. Zacks Research cut Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Citizens Jmp increased their target price on Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a report on Friday. Texas Capital upgraded Pagaya Technologies to a “strong-buy” rating in a research report on Wednesday, June 10th. B. Riley Financial lifted their price target on Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings upgraded Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pagaya Technologies currently has an average rating of “Buy” and a consensus price target of $32.43.

Pagaya Technologies Stock Performance

Shares of NASDAQ:PGY opened at $19.27 on Friday. The company has a 50-day moving average price of $16.23 and a 200-day moving average price of $15.02. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 14.17 and a beta of 5.32. The company has a current ratio of 12.09, a quick ratio of 12.09 and a debt-to-equity ratio of 1.25. Pagaya Technologies Ltd. has a 12 month low of $10.40 and a 12 month high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.53. The business had revenue of $317.94 million during the quarter, compared to analysts’ expectations of $323.85 million. Pagaya Technologies had a return on equity of 53.51% and a net margin of 9.12%.The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, equities analysts anticipate that Pagaya Technologies Ltd. will post 2.92 EPS for the current year.

Insider Activity at Pagaya Technologies

In related news, Director Tami Rosen sold 9,944 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $15.20, for a total transaction of $151,148.80. Following the completion of the transaction, the director owned 37,544 shares in the company, valued at $570,668.80. This represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Cory Vieira sold 2,140 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $15.01, for a total value of $32,121.40. Following the completion of the sale, the chief accounting officer directly owned 18,179 shares of the company’s stock, valued at $272,866.79. The trade was a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 58,090 shares of company stock valued at $923,764 over the last 90 days. Company insiders own 41.99% of the company’s stock.

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.