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Pagaya Technologies Ltd ( (PGY) ) has provided an announcement.
Pagaya reported first-quarter 2026 results on May 7, 2026, posting GAAP net income of $25 million, up $17 million year over year, on total revenue and other income of $318 million, a 10% increase. Network volume rose 9% to $2.6 billion, adjusted EBITDA climbed 18% to $94 million, and the company highlighted strong demand for its asset-backed securities, including a $450 million resecuritization and its first AAA Fitch rating on a $368 million deal.
On the same day, Pagaya announced that Chief Financial Officer Evangelos Perros will step down effective June 15, 2026, to be succeeded by Chief Strategy Officer Jonathan Dobres, who joined the firm in 2021, with Perros remaining as a strategic executive adviser through year-end 2026. The company detailed Dobres’s compensation package, including salary, bonus structure, multi-year RSU grants and severance protections, and said the transition was not related to any disagreements over accounting, controls or operations, signaling a planned leadership change rather than a response to financial concerns.
The most recent analyst rating on (PGY) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Pagaya Technologies Ltd stock, see the PGY Stock Forecast page.
Spark’s Take on PGY Stock
According to Spark, TipRanks’ AI Analyst, PGY is a Neutral.
The score is driven primarily by improving financial momentum (especially cash flow) and a broadly positive earnings outlook with conservative risk management. These positives are tempered by elevated leverage and a clearly bearish technical trend (price below key moving averages with negative MACD), which meaningfully increases near-term risk despite oversold signals.
To see Spark’s full report on PGY stock, click here.
More about Pagaya Technologies Ltd
Pagaya Technologies Ltd., listed on Nasdaq as PGY, is a global technology company that delivers artificial intelligence infrastructure for the financial ecosystem. Using machine learning, a large data network and an AI-driven approach, Pagaya provides consumer credit and other financial products for partners, their customers and investors, integrating via proprietary API and capital solutions to broaden access to mainstream financial services.
Average Trading Volume: 3,840,815
Technical Sentiment Signal: Sell
Current Market Cap: $1.22B
See more insights into PGY stock on TipRanks’ Stock Analysis page.