Pagaya Technologies Ltd. (NASDAQ:PGY – Get Rating) – Stock analysts at Wedbush raised their Q1 2023 earnings per share (EPS) estimates for Pagaya Technologies in a research report issued to clients and investors on Wednesday, January 18th. Wedbush analyst D. Chiaverini now expects that the company will post earnings per share of ($0.03) for the quarter, up from their previous forecast of ($0.05). Wedbush currently has a "Neutral" rating and a $2.00 target price on the stock. The consensus estimate for Pagaya Technologies' current full-year earnings is ($0.30) per share. Wedbush also issued estimates for Pagaya Technologies' Q2 2023 earnings at ($0.03) EPS, Q3 2023 earnings at ($0.02) EPS, Q4 2023 earnings at ($0.01) EPS, FY2023 earnings at ($0.10) EPS and FY2024 earnings at $0.03 EPS.

Pagaya Technologies (NASDAQ:PGY – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $185.61 million for the quarter, compared to analysts' expectations of $178.00 million.

Pagaya Technologies Stock Up 6.5 %

Shares of PGY stock opened at $0.98 on Monday. The stock has a 50 day moving average of $0.97 and a 200 day moving average of $5.84. The company has a current ratio of 4.93, a quick ratio of 4.94 and a debt-to-equity ratio of 0.11. Pagaya Technologies has a twelve month low of $0.57 and a twelve month high of $34.50.

Institutional Trading of Pagaya Technologies

Institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC acquired a new stake in Pagaya Technologies in the third quarter valued at approximately $33,000. Virtu Financial LLC acquired a new stake in shares of Pagaya Technologies in the third quarter worth approximately $37,000. Jane Street Group LLC acquired a new stake in shares of Pagaya Technologies in the second quarter worth approximately $103,000. ExodusPoint Capital Management LP acquired a new stake in shares of Pagaya Technologies in the second quarter worth approximately $113,000. Finally, Barclays PLC acquired a new stake in shares of Pagaya Technologies in the third quarter worth approximately $121,000. 22.60% of the stock is owned by institutional investors and hedge funds.

About Pagaya Technologies

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Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and the Cayman Islands. It develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its partners include high-growth financial technology companies, incumbent financial institutions, auto finance providers, and brokers.

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