In the latest trading session, 1.1 million Pagaya Technologies Ltd (NASDAQ:PGY) shares changed hands as the company’s beta touched 6.04. With the company’s most recent per share price at $13.79 changed hands at -$0.71 or -4.90% at last look, the market valuation stands at $1.02B. PGY’s current price is a discount, trading about -45.03% off its 52-week high of $20.00. The share price had its 52-week low at $8.20, which suggests the last value was 40.54% up since then.
Analysts gave the Pagaya Technologies Ltd (PGY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended PGY as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Pagaya Technologies Ltd’s EPS for the current quarter is expected to be 0.45.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Instantly PGY was in red as seen in intraday trades today. With action -10.28%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 48.44%, with the 5-day performance at -10.28% in the red. However, in the 30-day time frame, Pagaya Technologies Ltd (NASDAQ:PGY) is 50.55% up.
The consensus price target for the stock as assigned by Wall Street analysts is 21, meaning bulls need an upside of 34.33% from its recent market value. According to analyst projections, PGY’s forecast low is 21 with 21 as the target high. To hit the forecast high, the stock’s price needs a -52.28% plunge from its current level, while the stock would need to soar -52.28% for it to hit the projected low.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Year-over-year growth is forecast to reach 15.75% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 285.99M. 9 analysts are of the opinion that Pagaya Technologies Ltd’s revenue for the current quarter will be 287.95M. The company’s revenue for the corresponding quarters a year ago was 245.28M and 250.34M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.60%. The estimates for the next quarter sales put growth at 15.02%.
The 2025 estimates are for Pagaya Technologies Ltd earnings to increase by 100.72%.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
X-SQUARE CAPITAL, LLC holds the second largest percentage of outstanding shares, with 0.0184% or 11879.0 shares worth $0.15 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2023 were ARK ETF Tr-ARK Israel Innovative Technology ETF and iShares Core MSCI EAFE ETF. With 1.49 shares estimated at $20.45 million under it, the former controlled 0.28% of total outstanding shares. On the other hand, iShares Core MSCI EAFE ETF held about 0.18% of the shares, roughly 968.99 shares worth around $13.3 million.
