In the last trading session, 2.4 million Pagaya Technologies Ltd (NASDAQ:PGY) shares changed hands as the company’s beta touched 5.94. With the company’s per share price at $11.48 changed hands at $0.92 or 8.71% during last session, the market valuation stood at $864.42M. PGY’s last price was a discount, traded about -67.25% off its 52-week high of $19.20. The share price had its 52-week low at $8.20, which suggests the last value was 28.57% up since then. When we look at Pagaya Technologies Ltd’s average trading volume, we note the 10-day average is 2.14 million shares, with the 3-month average coming to 2.56 million.
Analysts gave the Pagaya Technologies Ltd (PGY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. 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 (NASDAQ:PGY) trade information
Instantly PGY was in green as seen at the end of in last trading. With action 19.96%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 23.57%, with the 5-day performance at 19.96% in the green. However, in the 30-day time frame, Pagaya Technologies Ltd (NASDAQ:PGY) is -21.58% down. Looking at the short shares, we see there were 7.57 million shares sold at short interest cover period of 1.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11.25, meaning bulls need a downside of -2.04% from its current market value. According to analyst projections, PGY’s forecast low is 1.25 with 25 as the target high. To hit the forecast high, the stock’s price needs a -117.77% plunge from its current level, while the stock would need to tank 89.11% for it to hit the projected low.
The 2025 estimates are for Pagaya Technologies Ltd earnings to increase by 101.92%.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next quarterly earnings report on 2025-Feb-12.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.33% of Pagaya Technologies Ltd shares while 54.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 63.95%. There are 54.15% institutions holding the Pagaya Technologies Ltd stock share, with VIOLA VENTURES V.C. MANAGEMENT 4 LTD. the top institutional holder. As of 2024-06-30, the company held 11.3923% of the shares, roughly 8.18 million PGY shares worth $104.32 million.
CLAL INSURANCE ENTERPRISES HOLDINGS LTD holds the second largest percentage of outstanding shares, with 2.4515% or 1.76 million shares worth $22.45 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 $17.1 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 $11.12 million.
