JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
In a recent SEC filing, Pagaya Technologies Ltd. (NASDAQ:PGY) reported that its President, Sanjiv Das, sold 4,011 shares of the company’s Class A Ordinary Shares on April 2, 2025. The shares were sold at a price of $10.53 each, amounting to a total of $42,235.
The sale was made to cover tax withholding obligations related to the quarterly vesting of a compensatory award. Following this transaction, Das holds 95,690 shares directly. InvestingPro analysis suggests the stock is currently undervalued, with analysts maintaining a strong buy consensus and several additional insights available to subscribers.
Additionally, on April 1, 2025, Das acquired 8,538 Class A Ordinary Shares at no cost through the vesting of Restricted Stock Units (RSUs). This acquisition increased his direct ownership to 25,614 shares at that time. The company maintains a healthy financial position with a "GOOD" overall financial health score and strong liquidity, as indicated by its current ratio of 1.8.
In other recent news, Pagaya Technologies has been the focus of several analyst reports and updates. Oppenheimer increased its price target for Pagaya to $16, following the company’s strong fourth-quarter earnings that surpassed expectations. The firm reported a 4.5% margin for fee revenue less production costs, aligning with the higher end of its projections for 2024. Meanwhile, Citizens JMP reaffirmed a $26 price target and a Market Outperform rating, noting the company’s gains from a partnership with Klarna, which will now provide point-of-sale installment loans for Walmart (NYSE:WMT)’s OnePay digital wallet.
Additionally, Benchmark maintained its Buy rating with a $25 price target, highlighting Pagaya’s resilience and self-funding growth capabilities, which were achieved in the fourth quarter of 2024. The firm’s new pre-screen lending product was also noted as a potential growth driver. JMP Securities also lifted its price target to $26, citing strong unit economics and a projected 40% growth in Adjusted EBITDA by 2025.
Pagaya’s strategic initiatives, including expanding partnerships while maintaining rigorous credit standards, have been positively received by analysts. The company also updated its investor FAQs, reflecting its commitment to transparent communication. These recent developments underscore Pagaya’s evolving role in the financial technology sector and its potential for future growth.
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