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

15 Apr 2026, 11:30 by Doug Wharley · The Cerbat Gem

Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $13.01, but opened at $13.66. Pagaya Technologies shares last traded at $13.8120, with a volume of 774,291 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PGY. Citigroup dropped their price target on Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Benchmark dropped their price target on Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Weiss Ratings upgraded Pagaya Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Freedom Capital upgraded Pagaya Technologies to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group dropped their price target on Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Pagaya Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $33.11.

View Our Latest Analysis on PGY

Pagaya Technologies Stock Up 6.3%

The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average price of $12.15 and a 200-day moving average price of $20.28. The firm has a market capitalization of $1.14 billion, a PE ratio of 15.59 and a beta of 5.74.

Pagaya Technologies (NASDAQ:PGY – Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Pagaya Technologies had a net margin of 6.25% and a return on equity of 44.24%. The company had revenue of $326.40 million during the quarter, compared to analysts’ expectations of $323.83 million. During the same quarter last year, the company earned $0.10 earnings per share. Equities research analysts forecast that Pagaya Technologies Ltd. will post 0.88 earnings per share for the current fiscal year.

Insider Activity at Pagaya Technologies

In related news, insider Tami Rosen sold 5,905 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.99, for a total value of $64,895.95. Following the transaction, the insider directly owned 47,264 shares in the company, valued at approximately $519,431.36. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Evangelos Perros sold 13,004 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $11.34, for a total value of $147,465.36. Following the completion of the transaction, the chief financial officer owned 122,174 shares in the company, valued at $1,385,453.16. This represents a 9.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 37,036 shares of company stock worth $411,577. Insiders own 47.59% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc acquired a new position in Pagaya Technologies in the third quarter valued at approximately $25,000. Root Financial Partners LLC acquired a new position in Pagaya Technologies in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd lifted its holdings in Pagaya Technologies by 351.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after acquiring an additional 1,084 shares during the last quarter. Transamerica Financial Advisors LLC acquired a new position in Pagaya Technologies in the fourth quarter valued at approximately $30,000. Finally, Quarry LP lifted its holdings in Pagaya Technologies by 330.8% in the fourth quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after acquiring an additional 1,277 shares during the last quarter. 57.14% of the stock is currently owned by institutional investors and hedge funds.

Pagaya Technologies Company Profile

(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.