Pagaya Technologies Ltd (NASDAQ:PGY) has a beta value of 6.13 and has seen 6.92 million shares traded in the recent trading session. The company, currently valued at $1.30B, closed the recent trade at $17.61 per share which meant it gained $2.24 on the day or 14.57% during that session. The PGY stock price is -13.57% off its 52-week high price of $20.00 and 53.44% 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 4.85 million shares traded. The 3-month trading volume is 2.12 million shares.
The consensus among analysts is that Pagaya Technologies Ltd (PGY) is Buy stock at the moment, with a recommendation rating of 1.40. 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 0.45.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Sporting 14.57% in the green today, 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 $17.61 or saw a rise of 8.28%. Year-to-date, Pagaya Technologies Ltd shares have moved 89.56%, while the 5-day performance has seen it change 35.36%. Over the past 30 days, the shares of Pagaya Technologies Ltd (NASDAQ:PGY) have changed 98.53%. Short interest in the company has seen 8.42 million shares shorted with days to cover at 5.85.
Wall Street analysts have a consensus price target for the stock at $21, which means that the shares’ value could jump 16.14% from the levels at last check today. The projected low price target is $21.0 while the price target rests at a high of $21.0. In that case, then, we find that the latest price level in today’s session is -19.25% off the targeted high while a plunge would see the stock gain -19.25% from the levels at last check today.
Pagaya Technologies Ltd (PGY) estimates and forecasts
The company’s shares have gained 44.46% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 15.75%.
9 analysts offering their estimates for the company have set an average revenue estimate of 285.99M for the current quarter. 9 have an estimated revenue figure of 287.95M for the next ending quarter. Year-ago sales stood 245.28M and 250.34M respectively for this quarter and the next, and analysts expect sales will grow by 16.60% for the current quarter and 15.75% for the next.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next earnings report in March 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 15.79% of the company shares, while shares held by institutions stand at 55.69% with a share float percentage of 66.14%. Investors are also buoyed by the number of investors in a company, with Pagaya Technologies Ltd having a total of 189.0 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 $26.49 million while later fund manager owns 968.99 shares of worth $17.23 million as of Dec 31, 2023, which makes it owner of about 0.18% of company’s outstanding stock.
