Pagaya Technologies Ltd (NASDAQ:PGY)’s traded shares stood at 1.0 million during the last session, with the company’s beta value hitting 6.39. At the close of trading, the stock’s price was $12.00, to imply an increase of 3.63% or $0.42 in intraday trading. The PGY share’s 52-week high remains $20.50, putting it -70.83% down since that peak but still an impressive 28.67% since price per share fell to its 52-week low of $8.56. The company has a valuation of $873.84M, with an average of 1.32 million shares in intraday trading volume over the past 10 days and average of 1.53 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Pagaya Technologies Ltd (PGY), translating to a mean rating of 1.25. Of 13 analyst(s) looking at the stock, 0 analyst(s) give PGY a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.19.
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Pagaya Technologies Ltd (NASDAQ:PGY) trade information
After registering a 3.63% upside in the last session, Pagaya Technologies Ltd (PGY) has traded red over the past five days. The 5-day price performance for the stock is 3.27%, and 24.35% over 30 days. With these gigs, the year-to-date price performance is -27.54%. Short interest in Pagaya Technologies Ltd (NASDAQ:PGY) saw shorts transact 5.49 million shares and set a 2.48 days time to cover.
The extremes give us $1.25 and $25 for target low and target high price respectively. As such, PGY has been trading -108.33% off suggested target high and 89.58% from its likely low.
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 15.38% up over the last 6 months, with its year-to-date growth rate higher than industry average at 250.00% against 9.90%. Revenue is forecast to grow 47.20% this quarter before jumping 66.70% for the next one. The rating firms project that company’s revenue will grow 31.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is 253.2M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 265.9M.Earnings reports from the last fiscal year show that sales brought in 198.3M and 210.43M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.70% before jumping 26.40% in the following quarter.
PGY Dividends
Pagaya Technologies Ltd has its next earnings report out on 2024-Nov-12. 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 (NASDAQ:PGY)’s Major holders
Pagaya Technologies Ltd insiders hold 19.30% of total outstanding shares, with institutional holders owning 46.20% of the shares at 57.24% float percentage. In total, 46.20% institutions holds shares in the company, led by VIOLA VENTURES V.C. MANAGEMENT 4 LTD.. As of 2024-06-30, the company held over 8.18 million shares (or 12.6747% of shares), all amounting to roughly $104.32 million.
The next major institution holding the largest number of shares is X-SQUARE CAPITAL, LLC with 11879.0 shares, or about 0.0184% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.15 million.
We also have ARK ETF Tr-ARK Israel Innovative Technology ETF and iShares Core MSCI EAFE ETF as the top two Mutual Funds with the largest holdings of the Pagaya Technologies Ltd (PGY) shares. Going by data provided on Dec 31, 2023 , ARK ETF Tr-ARK Israel Innovative Technology ETF holds roughly 1.49 shares. This is just over 0.28% of the total shares, with a market valuation of $17.88 million. Data from the same date shows that the other fund manager holds a little less at 968.99, or 0.18% of the shares, all valued at about 11.63 million.
