Pagaya Technologies Ltd (NASDAQ:PGY) – Investors View The Stock Differently Today

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In today’s recent session, 0.54 million shares of the Pagaya Technologies Ltd (NASDAQ:PGY) have been traded, and its beta is 6.69. Most recently the company’s share price was $9.46, and it changed around -$0.64 or -6.34% from the last close, which brings the market valuation of the company to $666.74M. PGY at last check was trading at a discount to its 52-week high of $33.96, offering almost -258.99% off that amount. The share price’s 52-week low was $9.07, which indicates that the recent value has risen by an impressive 4.12% since then. We note from Pagaya Technologies Ltd’s average daily trading volume that its 10-day average is 1.87 million shares, with the 3-month average coming to 1.23 million.

Pagaya Technologies Ltd (NASDAQ:PGY) trade information

Instantly PGY has been showing red trend so far today with a performance of -6.34% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -42.87% year-to-date, but still down -7.62% over the last five days. On the other hand, Pagaya Technologies Ltd (NASDAQ:PGY) is -46.73% down in the 30-day period. We can see from the shorts that 0.87 million shares have been sold at a short interest cover period of 0.47 day(s).

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The consensus price target as assigned by Wall Street analysts is $1.38, which translates to bulls needing to decrease their stock price by -585.51% from its current value. Analyst projections state that PGY is forecast to be at a low of $1.25 and a high of $1.5.

Pagaya Technologies Ltd (PGY) estimates and forecasts

Pagaya Technologies Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -50.11 percent over the past six months and at a 295.83% annual growth rate that is well above the industry average of 16.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 96.30% in revenue this quarter, and will report an increase of 89.60% in the next quarter. The year-over-year growth rate is expected to be 26.30%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $225.96 million in revenue for the current quarter. 6 analysts expect Pagaya Technologies Ltd to make $236.97 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $186.64 million and $195.61 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.10%. Forecasts for the next quarter put sales growth at 21.10%.

PGY Dividends

Pagaya Technologies Ltd’s next quarterly earnings report is expected to be released in May.

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

Upon looking at major shareholders, it appears that insiders hold 23.32% of Pagaya Technologies Ltd shares, and 37.20% of them are in the hands of institutional investors. The stock currently has a share float of 48.51%. Pagaya Technologies Ltd stock is held by 95 institutions, with Viola Ventures V.c. Management 4 Ltd. being the largest institutional investor. By Jun 29, 2023, it held 18.37% of the shares, which is about 98.11 million shares worth $137.35 million.

Clal Insurance Enterprises Holdings Ltd, with 8.00% or 42.72 million shares worth $59.8 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

ARK ETF Tr-ARK Israel Innovative Technology ETF and Global X Fds-Global X FinTech Thematic ETF were the top two Mutual Funds as of Sep 29, 2023. The former held 0.94 million shares worth $1.48 million, making up 0.18% of all outstanding shares. On the other hand, Global X Fds-Global X FinTech Thematic ETF held roughly 0.6 million shares worth around $0.95 million, which represents about 0.11% of the total shares outstanding.