Pagaya Technologies (NASDAQ:PGY) Shares Gap Down – Here’s What Happened

Shares of Pagaya Technologies Ltd. (NASDAQ:PGY) gapped down prior to trading on Monday . The stock had previously closed at $18.64, but opened at $13.66. Pagaya Technologies shares last traded at $14.6150, with a volume of 9,411,035 shares.

Key Headlines Impacting Pagaya Technologies

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

• Positive Sentiment: Q4 EPS beat: GAAP/adjusted EPS of $0.80 topped consensus (~$0.75); revenue grew ~19.8% year-over-year, showing continued top-line expansion. Pagaya Reports Fourth Quarter and Full Year Ended 2025 Results
• Positive Sentiment: Securitization and partner growth highlighted as strategic strengths that support Pagaya’s AI-powered lending platform and recurring liquidity channels. Pagaya Securitization Milestone Highlights Partner Growth And Valuation Gap
• Positive Sentiment: Some analysts and investors remain constructive on Pagaya’s AI-driven model heading into results, which supported pre-earnings optimism. What Analysts Think Is Changing The Story For Pagaya Technologies (PGY)
• Neutral Sentiment: Company published the full Q4 slide deck and earnings-call transcript (useful for digging into loss reserves, partner metrics, and securitization economics). Pagaya Technologies Ltd. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Full earnings-call transcript is available for detail on management’s commentary about margins, capital deployment and partner pipelines. Pagaya Technologies Ltd. (PGY) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue missed expectations: reported ~$334.8M vs. consensus ~\$348.7M — the top-line shortfall was the primary driver of the selloff. PGY stock tanks 26% today – Q4 revenue misses Wall Street expectations
• Negative Sentiment: Forward guidance was soft vs. consensus: FY‑2026 revenue guided to $1.4B–$1.6B (consensus ~$1.5B) and Q1‑2026 revenue guided to $315M–$335M vs. consensus ~$345.6M — investors punished the miss to near-term growth expectations. Pagaya Reports Fourth Quarter and Full Year Ended 2025 Results
• Negative Sentiment: High trading volume and a high beta raise the risk of amplified downside when sentiment turns negative; the quarter’s revenue miss plus softer guide created that negative inflection. PGY stock tanks 26% today – Q4 revenue misses Wall Street expectations

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PGY. Canaccord Genuity Group raised their price objective on shares of Pagaya Technologies from $36.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Freedom Capital raised Pagaya Technologies to a “strong-buy” rating in a report on Tuesday, February 3rd. Zacks Research lowered shares of Pagaya Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen lowered Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Pagaya Technologies in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Pagaya Technologies Trading Down 24.0%

The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.16. The business’s 50-day simple moving average is $22.36 and its two-hundred day simple moving average is $27.88. The company has a market capitalization of $1.14 billion, a PE ratio of -5.31 and a beta of 5.85.

Pagaya Technologies (NASDAQ:PGY) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.46. Pagaya Technologies had a positive return on equity of 31.59% and a negative net margin of 15.32%.The business had revenue of $350.17 million during the quarter, compared to the consensus estimate of $338.86 million. During the same period in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was up 36.3% on a year-over-year basis. On average, analysts predict that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current year.

Insider Activity at Pagaya Technologies

In other Pagaya Technologies news, CFO Evangelos Perros sold 9,750 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $22.99, for a total transaction of $224,152.50. Following the sale, the chief financial officer directly owned 100,212 shares of the company’s stock, valued at $2,303,873.88. The trade was a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Sanjiv Das sold 3,945 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $22.99, for a total value of $90,695.55. Following the completion of the transaction, the president owned 129,986 shares in the company, valued at $2,988,378.14. This represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,256 shares of company stock valued at $547,198 over the last 90 days. 47.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc bought a new position in Pagaya Technologies in the third quarter worth $25,000. LSV Asset Management bought a new stake in shares of Pagaya Technologies in the 3rd quarter valued at about $36,000. Caitong International Asset Management Co. Ltd raised its holdings in Pagaya Technologies by 35.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock worth $42,000 after buying an additional 520 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Pagaya Technologies by 1,386.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,983 shares of the company’s stock worth $83,000 after buying an additional 3,715 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Pagaya Technologies during the 3rd quarter worth about $84,000. 57.14% of the stock is owned by 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.