Citigroup Issues Pessimistic Forecast for Pagaya Technologies (NASDAQ:PGY) Stock Price

Pagaya Technologies (NASDAQ:PGY) had its target price reduced by investment analysts at Citigroup from $40.00 to $32.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 157.44% from the stock’s current price.

PGY has been the topic of a number of other research reports. Wall Street Zen cut shares of Pagaya Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Freedom Capital upgraded Pagaya Technologies to a “strong-buy” rating in a research report on Tuesday, February 3rd. Benchmark lowered their price objective on Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday. Canaccord Genuity Group reduced their price objective on shares of Pagaya Technologies from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group cut their price target on Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Pagaya Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $33.11.

Pagaya Technologies Trading Up 0.2%

Shares of PGY stock opened at $12.43 on Thursday. Pagaya Technologies has a 12-month low of $8.50 and a 12-month high of $44.99. The firm has a 50 day moving average price of $21.25 and a two-hundred day moving average price of $27.29. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $999.37 million, a PE ratio of 13.97 and a beta of 5.85.

Pagaya Technologies (NASDAQ:PGY) last released its quarterly earnings results on Monday, February 9th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.05. Pagaya Technologies had a return on equity of 45.94% and a net margin of 6.25%.The business had revenue of $334.81 million during the quarter, compared to analysts’ expectations of $348.75 million. During the same period last year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, analysts predict that Pagaya Technologies will post 0.88 earnings per share for the current year.

Insider Transactions at Pagaya Technologies

In related news, insider Tami Rosen sold 7,561 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $30.73, for a total transaction of $232,349.53. Following the sale, the insider directly owned 37,544 shares in the company, valued at approximately $1,153,727.12. This represents a 16.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Sanjiv Das sold 3,945 shares of the firm’s stock in a transaction 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 directly owned 129,986 shares of the company’s stock, valued at $2,988,378.14. The trade was a 2.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,256 shares of company stock worth $547,198 over the last quarter. Corporate insiders own 47.59% of the company’s stock.

Hedge Funds Weigh In On Pagaya Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Pagaya Technologies by 35.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,973 shares of the company’s stock worth $42,000 after acquiring an additional 520 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Pagaya Technologies by 8.6% during the second quarter. Nisa Investment Advisors LLC now owns 6,676 shares of the company’s stock valued at $142,000 after acquiring an additional 526 shares during the last quarter. Moody National Bank Trust Division grew its position in shares of Pagaya Technologies by 2.4% in the 4th quarter. Moody National Bank Trust Division now owns 28,978 shares of the company’s stock worth $606,000 after buying an additional 666 shares during the last quarter. Main Management ETF Advisors LLC raised its holdings in Pagaya Technologies by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 72,036 shares of the company’s stock worth $1,506,000 after purchasing an additional 736 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Pagaya Technologies by 5.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 16,493 shares of the company’s stock valued at $345,000 after acquiring an additional 790 shares in the last quarter. 57.14% of the stock is currently owned by hedge funds and other institutional investors.

More Pagaya Technologies News

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

• Positive Sentiment: Analysts’ consensus remains constructive — the firm was given an average recommendation of “Moderate Buy,” which supports upside if guidance or execution stabilizes. Pagaya Given Average Recommendation of Moderate Buy
• Neutral Sentiment: Benzinga rounded up five analysts discussing PGY, providing context on valuation, growth prospects and risk — useful for investors weighing recovery vs. execution risk. Beyond The Numbers: 5 Analysts Discuss Pagaya Techs Stock
• Neutral Sentiment: Yahoo Finance published a valuation review after the share-price weakness — helpful background on multiples and what improved guidance or margin expansion would need to look like to justify higher levels. A Look At Pagaya Technologies Valuation After Recent Share Price Weakness
• Negative Sentiment: Zacks highlights a 47.7% one‑month plunge tied to the company’s soft 2026 guidance and tighter underwriting, which investors view as a near‑term earnings headwind despite positive GAAP income. That narrative is the clearest driver of selling pressure. PGY Shares Plunge 47.7% in a Month
• Negative Sentiment: Benchmark cut its price target to $33.00, signaling reduced near‑term confidence in upside from current levels and contributing to downward pressure on the stock. Benchmark Cuts Pagaya Price Target to $33
• Negative Sentiment: Citigroup lowered its target from $40 to $32 while keeping a buy rating — a meaningful cut that signals analysts are repricing growth and underwriting risk. Citigroup Lowers PT to $32
• Negative Sentiment: Canaccord and Jefferies issued pessimistic forecasts for PGY, adding to the chorus of cautious outlooks that weigh on investor sentiment and could limit near‑term upside. Canaccord Forecast for Pagaya Jefferies Forecast for Pagaya

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.