Pagaya Technologies (NASDAQ:PGY) Stock Price Up 12.3% – Here’s Why

Posted by Francis Steltz on Jun 4th, 2026

Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report)’s stock price was up 12.3% during trading on Thursday . The company traded as high as $15.55 and last traded at $15.6730. Approximately 1,742,905 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 3,844,725 shares. The stock had previously closed at $13.96.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PGY shares. Zacks Research raised shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Citigroup reduced their price objective on shares of Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Jefferies Financial Group dropped their target price on shares of Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Weiss Ratings lowered shares of Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Benchmark cut their target price on shares of Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $33.11.

Get Our Latest Stock Report on Pagaya Technologies

Pagaya Technologies Price Performance

The business has a 50 day simple moving average of $13.30 and a 200-day simple moving average of $16.90. The company has a debt-to-equity ratio of 1.25, a quick ratio of 12.09 and a current ratio of 12.09. The stock has a market cap of $1.31 billion, a P/E ratio of 14.79 and a beta of 5.35.

Pagaya Technologies (NASDAQ:PGY – Get Free Report) last posted its quarterly earnings data on Sunday, March 22nd. The company reported ($40.85) earnings per share (EPS) for the quarter. The company had revenue of $91.63 million for the quarter. Pagaya Technologies had a return on equity of 44.75% and a net margin of 7.39%. On average, sell-side analysts forecast that Pagaya Technologies Ltd. will post 2.92 EPS for the current year.

Insider Activity at Pagaya Technologies

In related news, CFO Evangelos Perros sold 13,004 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $11.34, for a total transaction of $147,465.36. Following the sale, the chief financial officer directly owned 122,174 shares in the company, valued at approximately $1,385,453.16. The trade was a 9.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tami Rosen sold 9,720 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $15.14, for a total transaction of $147,160.80. Following the sale, the director directly owned 37,544 shares in the company, valued at $568,416.16. This trade represents a 20.57% decrease in their position. 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 three months, insiders have sold 46,756 shares of company stock worth $558,738. 47.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pagaya Technologies

Several hedge funds have recently bought and sold shares of PGY. Divisadero Street Capital Management LP raised its position in shares of Pagaya Technologies by 79.8% during the 3rd quarter. Divisadero Street Capital Management LP now owns 416,919 shares of the company’s stock valued at $12,378,000 after buying an additional 185,000 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Pagaya Technologies by 3,179.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 426,089 shares of the company’s stock worth $9,493,000 after acquiring an additional 413,096 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Pagaya Technologies during the 3rd quarter worth $5,525,000. Adams Street Partners LLC bought a new stake in shares of Pagaya Technologies during the 3rd quarter worth $10,526,000. Finally, HarbourVest Partners LLC bought a new stake in shares of Pagaya Technologies during the 3rd quarter worth $3,343,000. 57.14% of the stock is currently owned by institutional investors.

About Pagaya Technologies

(Get Free Report)

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.