Pagaya Technologies (NASDAQ:PGY) Trading Down 4.1% – What’s Next?
by Renee Jackson · The Cerbat GemPagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report)’s share price traded down 4.1% on Thursday . The company traded as low as $20.83 and last traded at $20.7450. 996,633 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 3,564,401 shares. The stock had previously closed at $21.64.
Trending Headlines about Pagaya Technologies
Here are the key news stories impacting Pagaya Technologies this week:
- Positive Sentiment: Zacks upgraded PGY to Rank #1, Strong Buy, citing improving earnings prospects. The stock was also added to Zacks’ Strong Buy and value-stock lists, potentially increasing visibility among quantitative and growth-focused investors. Pagaya upgraded to Strong Buy
- Positive Sentiment: Pagaya’s $700 million Neuberger forward-flow agreement adds funding capacity as its auto-finance business expands. Auto reportedly generated more than 75% of recent Network Volume growth, making the deal important for scaling originations and diversifying capital sources. Pagaya Neuberger deal
- Positive Sentiment: Recent analyses highlighted strong second-quarter 2026 results: Network Volume increased about 33% year over year, revenue rose roughly 19%–20%, and adjusted EBITDA grew 43%, while operating income climbed 87%. Expanding ABS issuance and forward-flow partnerships could support further growth and reduce funding concentration. Pagaya growth and profitability analysis
- Positive Sentiment: Analysts maintained bullish views, pointing to operating leverage, a 12% net-income margin, increasing partner volumes and valuation discounts versus peers. More than 45% of flow now comes from non-decline products, suggesting improving product diversification. Pagaya earnings analysis
- Neutral Sentiment: Pagaya appointed payments-industry veteran Jason Gardner to its board, adding relevant fintech and payments expertise, though the appointment does not immediately change earnings or guidance. Pagaya appoints Jason Gardner
- Negative Sentiment: Risks include take-rate compression from conservative securitization pricing, continued sensitivity to interest rates and PGY’s historically high volatility. Investors may also want evidence that rapid auto growth converts into durable margins and cash flow.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on PGY shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Pagaya Technologies in a report on Monday. Texas Capital raised Pagaya Technologies to a “strong-buy” rating in a report on Wednesday, June 10th. B. Riley Financial lifted their price target on Pagaya Technologies from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Pagaya Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group boosted their target price on shares of Pagaya Technologies from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $31.25.
Check Out Our Latest Stock Analysis on Pagaya Technologies
Pagaya Technologies Price Performance
The company has a quick ratio of 11.08, a current ratio of 11.08 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $20.23 and its two-hundred day moving average is $16.06. The firm has a market cap of $1.70 billion, a P/E ratio of 15.01 and a beta of 5.35.
Insider Buying and Selling
In related news, CEO Gal Krubiner bought 16,230 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average price of $15.43 per share, with a total value of $250,428.90. Following the completion of the transaction, the chief executive officer directly owned 555,906 shares in the company, valued at approximately $8,577,629.58. This represents a 3.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tami Rosen sold 28,181 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $21.98, for a total value of $619,418.38. Following the sale, the director owned 16,665 shares of the company’s stock, valued at $366,296.70. This trade represents a 62.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,063 shares of company stock worth $2,098,849 in the last ninety days. Corporate insiders own 41.99% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Pagaya Technologies by 141.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,029,081 shares of the company’s stock worth $12,040,000 after purchasing an additional 602,992 shares during the last quarter. Q Global Advisors LLC lifted its position 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 buying an additional 410,996 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Pagaya Technologies by 211.0% during the 1st quarter. Principal Financial Group Inc. now owns 375,212 shares of the company’s stock valued at $4,371,000 after buying an additional 254,550 shares during the last quarter. Edgestream Partners L.P. grew its stake in shares of Pagaya Technologies by 353.2% during the 1st quarter. Edgestream Partners L.P. now owns 373,771 shares of the company’s stock worth $4,354,000 after acquiring an additional 291,291 shares during the period. Finally, Squarepoint Ops LLC grew its stake in shares of Pagaya Technologies by 614.7% during the 2nd quarter. Squarepoint Ops LLC now owns 252,036 shares of the company’s stock worth $4,600,000 after acquiring an additional 216,770 shares during the period. 57.14% of the stock is currently owned by hedge funds and other institutional investors.
About Pagaya Technologies
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.