Pagaya Technologies Ltd (NASDAQ:PGY) has a beta value of 6.18 and has seen 1.72 million shares traded in the last trading session. The company, currently valued at $763.07M, closed the last trade at $10.36 per share which meant it lost -$0.14 on the day or -1.33% during that session. The PGY stock price is -97.88% off its 52-week high price of $20.50 and 20.85% above the 52-week low of $8.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.84 million shares traded. The 3-month trading volume is 2.09 million shares.
The consensus among analysts is that Pagaya Technologies Ltd (PGY) is Buy stock at the moment, with a recommendation rating of 1.44. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 13 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.26.
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Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Sporting -1.33% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PGY stock price touched $10.36 or saw a rise of 2.54%. Year-to-date, Pagaya Technologies Ltd shares have moved -37.44%, while the 5-day performance has seen it change 20.19%. Over the past 30 days, the shares of Pagaya Technologies Ltd (NASDAQ:PGY) have changed -18.04%. Short interest in the company has seen 6.88 million shares shorted with days to cover at 2.73.
Wall Street analysts have a consensus price target for the stock at $11.25, which means that the shares’ value could jump 7.91% from current levels. The projected low price target is $1.25 while the price target rests at a high of $25.0. In that case, then, we find that the current price level is -141.31% off the targeted high while a plunge would see the stock lose 87.93% from current levels.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Figures show that Pagaya Technologies Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -12.50% over the past 6 months, with this year growth rate of 283.33%, compared to 8.50% for the industry. Revenue growth from the last financial year stood is estimated to be 25.36%.
8 analysts offering their estimates for the company have set an average revenue estimate of 265.44M for the current quarter. 6 have an estimated revenue figure of 276.22M for the next ending quarter. Year-ago sales stood 218.04M and 245.28M respectively for this quarter and the next, and analysts expect sales will grow by 21.74% for the current quarter and 25.36% for the next.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
Insiders own 15.58% of the company shares, while shares held by institutions stand at 52.55% with a share float percentage of 62.26%. Investors are also buoyed by the number of investors in a company, with Pagaya Technologies Ltd having a total of 177.0 institutions that hold shares in the company. The top two institutional holders are VIOLA VENTURES V.C. MANAGEMENT 4 LTD. with over 8.18 million shares worth more than $104.32 million. As of 2024-06-30, VIOLA VENTURES V.C. MANAGEMENT 4 LTD. held 12.6747% of shares outstanding.
The other major institutional holder is X-SQUARE CAPITAL, LLC, with the holding of over 11879.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.15 million and represent 0.0184% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Israel Innovative Technology ETF and iShares Core MSCI EAFE ETF . As of Dec 31, 2023 , the former fund manager holds about 0.28% shares in the company for having 1.49 shares of worth $15.43 million while later fund manager owns 968.99 shares of worth $10.04 million as of Dec 31, 2023 , which makes it owner of about 0.18% of company’s outstanding stock.
