Pagaya Technologies (NASDAQ:PGY) Rating Lowered to “Hold” at Zacks Research

Posted by Brian Himes on Sep 30th, 2026

Pagaya Technologies (NASDAQ:PGY – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other research analysts have also commented on PGY. TD Cowen assumed coverage on Pagaya Technologies in a research report on Thursday, September 3rd. They set a “buy” rating and a $26.00 price target on the stock. B. Riley Financial increased their price target on shares of Pagaya Technologies from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group lifted their price objective on shares of Pagaya Technologies from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Texas Capital upgraded shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Citizens Jmp upped their price objective on Pagaya Technologies from $22.00 to $25.00 and gave the company a “market outperform” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $31.25.

Get Our Latest Report on PGY

Pagaya Technologies Stock Up 2.2%

PGY opened at $17.37 on Monday. Pagaya Technologies has a one year low of $10.40 and a one year high of $33.12. The company has a debt-to-equity ratio of 1.12, a quick ratio of 11.08 and a current ratio of 11.08. The stock has a market capitalization of $1.45 billion, a P/E ratio of 12.77 and a beta of 5.35. The business’s 50-day simple moving average is $20.39 and its 200-day simple moving average is $16.44.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, CAO Cory Vieira sold 2,170 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $17.04, for a total transaction of $36,976.80. Following the transaction, the chief accounting officer owned 25,160 shares in the company, valued at approximately $428,726.40. The trade was a 7.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Sanjiv Das sold 14,300 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $17.04, for a total value of $243,672.00. Following the transaction, the president directly owned 173,864 shares of the company’s stock, valued at approximately $2,962,642.56. This trade represents a 7.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 96,131 shares of company stock worth $1,983,649 over the last 90 days. Company insiders own 41.99% of the company’s stock.

Institutional Trading of Pagaya Technologies

Institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP lifted its holdings in Pagaya Technologies by 158.5% in the second quarter. Engineers Gate Manager LP now owns 130,172 shares of the company’s stock valued at $2,376,000 after acquiring an additional 79,810 shares during the period. Empowered Funds LLC boosted its position in shares of Pagaya Technologies by 4,562.7% during the 1st quarter. Empowered Funds LLC now owns 116,661 shares of the company’s stock worth $1,359,000 after purchasing an additional 114,159 shares in the last quarter. SPX Gestao de Recursos Ltda boosted its position in shares of Pagaya Technologies by 49.7% during the 1st quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company’s stock worth $2,098,000 after purchasing an additional 59,800 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Pagaya Technologies during the 1st quarter worth $1,426,000. Finally, Q Global Advisors LLC grew its stake in shares of Pagaya Technologies by 324.8% during the 1st quarter. Q Global Advisors LLC now owns 537,551 shares of the company’s stock worth $6,262,000 after purchasing an additional 410,996 shares during the period. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Pagaya Technologies

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

Positive Sentiment: Pagaya secured its first variable funding note facility with ATLAS SP Partners, supporting the company’s strategy of obtaining longer-term committed capital. The agreement may improve funding flexibility and help Pagaya expand its AI-driven lending and asset-financing platform. Pagaya secures variable funding note facility
Positive Sentiment: KBRA assigned preliminary ratings to 16 classes of notes tied to Pagaya’s Research-Driven Pagaya Motor Asset Trust 2026-5 and Research-Driven Pagaya Motor Trust 2026-5 auto-loan asset-backed securities transaction. The ratings and substantial initial credit enhancement could support investor demand for Pagaya-sponsored securitizations. KBRA assigns preliminary ratings
Positive Sentiment: A recent analysis described PGY as attractively valued at roughly 11.6 times projected 2026 earnings and cited year-over-year growth in platform volume and revenue, along with lower core operating expenses. The article placed a $28 price target on the shares, while the broader analyst consensus remains favorable. Pagaya valuation and outlook analysis
Neutral Sentiment: President Sanjiv Das sold 14,300 shares, while Chief Accounting Officer Cory Vieira sold 2,170 shares, both at approximately $17.04. The filings state that the transactions covered tax-withholding obligations from vested equity awards, reducing their signaling value, though they still represent modest decreases in personal holdings. Pagaya insider transaction filing
Negative Sentiment: The valuation analysis cautioned that adjusted earnings may overstate underlying profitability because recurring fair-value losses on retained securitization interests represent a meaningful cost. This could temper enthusiasm over PGY’s low headline P/E ratio.

Pagaya Technologies Company Profile

(Get Free Report)

Pagaya Technologies Ltd. is a financial technology company that uses artificial intelligence and data analytics to facilitate access to credit and investment opportunities. Its technology platform evaluates loan and other credit-related assets, helping financial institutions make lending decisions and connect assets with institutional funding sources.

The company’s Pagaya Network is designed to integrate with banks, fintech companies and other originators. Through the network, Pagaya analyzes consumer credit, personal loan, auto loan and real estate-related assets, among other products, and helps distribute qualifying assets to institutional investors through structured financial vehicles.

Pagaya was founded in 2016 and is headquartered in New York, with roots in Israel.