Pagaya Technologies (NASDAQ:PGY) Given New $36.00 Price Target at Canaccord Genuity Group

Pagaya Technologies (NASDAQ:PGY) had its target price lifted by Canaccord Genuity Group from $32.00 to $36.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on PGY. Zacks Research lowered Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Texas Capital raised shares of Pagaya Technologies to a “strong-buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Pagaya Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Two 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. Based on data from MarketBeat, Pagaya Technologies currently has a consensus rating of “Buy” and a consensus target price of $32.43.

Pagaya Technologies Price Performance

Shares of NASDAQ:PGY opened at $19.27 on Friday. The business’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $15.02. The stock has a market cap of $1.60 billion, a PE ratio of 14.17 and a beta of 5.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 12.09 and a current ratio of 12.09. Pagaya Technologies has a one year low of $10.40 and a one year high of $44.99.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results 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. Pagaya Technologies had a return on equity of 53.51% and a net margin of 9.12%.The company had revenue of $317.94 million during the quarter, compared to the consensus estimate of $323.85 million. During the same quarter last year, the business posted $0.10 earnings per share. Pagaya Technologies’s revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that Pagaya Technologies will post 2.92 EPS for the current fiscal year.

Insider Buying and Selling

In other Pagaya Technologies news, insider Evangelos Perros sold 11,558 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $16.23, for a total value of $187,586.34. Following the completion of the transaction, the insider directly owned 131,241 shares in the company, valued at approximately $2,130,041.43. The trade was a 8.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Sanjiv Das sold 14,000 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $15.83, for a total value of $221,620.00. Following the transaction, the president directly owned 165,475 shares in the company, valued at approximately $2,619,469.25. This represents a 7.80% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 58,090 shares of company stock worth $923,764 in the last three months. 41.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Pagaya Technologies

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in Pagaya Technologies by 3,179.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 426,089 shares of the company’s stock worth $9,493,000 after buying an additional 413,096 shares during the period. SPX Gestao de Recursos Ltda grew its holdings in Pagaya Technologies by 49.7% in the 1st quarter. SPX Gestao de Recursos Ltda now owns 180,100 shares of the company’s stock valued at $2,098,000 after buying an additional 59,800 shares during the period. SG Americas Securities LLC purchased a new stake in Pagaya Technologies in the 1st quarter valued at about $1,426,000. Watershed Asset Management L.L.C. acquired a new position in shares of Pagaya Technologies during the 1st quarter valued at about $463,000. Finally, Q Global Advisors LLC increased 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 valued at $6,262,000 after acquiring an additional 410,996 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Key Pagaya Technologies News

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

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.