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Following A 0.95% Weekly Incline, Is It Still A Buy For Pagaya Technologies Ltd. (NASDAQ: PGY)?

Pagaya Technologies Ltd. (NASDAQ:PGY)’s traded shares stood at 5.8 million during the last session. At the close of trading, the stock’s price was $1.06, to imply a decrease of -6.19% or -$0.07 in intraday trading. The PGY share’s 52-week high remains $34.50, putting it -3154.72% down since that peak but still an impressive 46.23% since price per share fell to its 52-week low of $0.57. The company has a valuation of $751.86M, with an average of 2.16 million shares in intraday trading volume over the past 10 days and average of 3.46 million shares over the past 3 months.

Pagaya Technologies Ltd. (NASDAQ:PGY) trade information

After registering a -6.19% downside in the last session, Pagaya Technologies Ltd. (PGY) has traded red over the past five days. The stock hit a weekly high of 1.2400 this Wednesday, 03/15/23, dropping -6.19% in its intraday price action. The 5-day price performance for the stock is 0.95%, and -22.06% over 30 days. With these gigs, the year-to-date price performance is -14.52%. Short interest in Pagaya Technologies Ltd. (NASDAQ:PGY) saw shorts transact 2.89 million shares and set a 0.63 days time to cover.

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Pagaya Technologies Ltd. (PGY) estimates and forecasts

Looking at statistics comparing Pagaya Technologies Ltd. share performance against respective industry, we note that the company has outperformed competitors. Pagaya Technologies Ltd. (PGY) shares are -90.97% down over the last 6 months, with its year-to-date growth rate higher than industry average at 142.86% against 18.30%.

Revenue forecast for the current quarter as set by 3 analysts is $163.48 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $181.87 million.

PGY Dividends

Pagaya Technologies Ltd. has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Pagaya Technologies Ltd. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Pagaya Technologies Ltd. (NASDAQ:PGY)’s Major holders

Pagaya Technologies Ltd. insiders hold 17.01% of total outstanding shares, with institutional holders owning 30.36% of the shares at 36.58% float percentage. In total, 30.36% institutions holds shares in the company, led by Tiger Global Management, LLC. As of Sep 29, 2022, the company held over 74.38 million shares (or 14.70% of shares), all amounting to roughly $134.64 million.

The next major institution holding the largest number of shares is Clal Insurance Enterprises Holdings Ltd with 40.09 million shares, or about 7.92% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $72.56 million.

We also have Global X Fds-Global X FinTech Thematic ETF and Fidelity NASDAQ Composite Index Fund as the top two Mutual Funds with the largest holdings of the Pagaya Technologies Ltd. (PGY) shares. Going by data provided on Dec 30, 2022, Global X Fds-Global X FinTech Thematic ETF holds roughly 0.61 million shares. This is just over 0.12% of the total shares, with a market valuation of $0.76 million. Data from the same date shows that the other fund manager holds a little less at 0.22 million, or 0.04% of the shares, all valued at about 0.22 million.

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