In today’s recent session, 0.41 million shares of the Pagaya Technologies Ltd (NASDAQ:PGY) have been traded, and its beta is 5.92. Most recently the company’s share price was $12.13, and it changed around $0.76 or 6.68% from the last close, which brings the market valuation of the company to $913.37M. PGY at last check was trading at a discount to its 52-week high of $19.20, offering almost -58.29% off that amount. The share price’s 52-week low was $8.20, which indicates that the recent value has risen by an impressive 32.4% since then. We note from Pagaya Technologies Ltd’s average daily trading volume that its 10-day average is 1.74 million shares, with the 3-month average coming to 2.52 million.
Pagaya Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.22. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended PGY as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Pagaya Technologies Ltd is expected to report earnings per share of 0.45 for the current quarter.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Instantly PGY has been showing a green trend so far today with a performance of 6.68% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.99 on recent trading daydecreased the stock’s daily price by -1.17%. The company’s shares are currently up 30.57% year-to-date, but still up 5.66% over the last five days. On the other hand, Pagaya Technologies Ltd (NASDAQ:PGY) is -16.34% down in the 30-day period. We can see from the shorts that 7.57 million shares have been sold at a short interest cover period of 1.93 day(s).
The consensus price target as assigned by Wall Street analysts is $11.25, which translates to bulls needing to decrease their stock price by -7.82% from its current value. Analyst projections state that PGY is forecast to be at a low of $1.25 and a high of $25.
Pagaya Technologies Ltd (PGY) estimates and forecasts
The year-over-year growth rate is expected to be 15.90%, up from the previous year.
Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 285.11M in revenue for the current quarter. 9 analysts expect Pagaya Technologies Ltd to make 288.14M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 245.28M and 250.34M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.24%. Forecasts for the next quarter put sales growth at 15.10%.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.33% of Pagaya Technologies Ltd shares, and 54.24% of them are in the hands of institutional investors. The stock currently has a share float of 64.06%. Pagaya Technologies Ltd stock is held by 188.0 institutions, with VIOLA VENTURES V.C. MANAGEMENT 4 LTD. being the largest institutional investor. By 2024-06-30, it held 11.3923% of the shares, which is about 8.18 million shares worth $104.32 million.
CLAL INSURANCE ENTERPRISES HOLDINGS LTD, with 2.4515% or 1.76 million shares worth $22.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
ARK ETF Tr-ARK Israel Innovative Technology ETF and iShares Core MSCI EAFE ETF were the top two Mutual Funds as of Dec 31, 2023. The former held 1.49 shares worth $18.2 million, making up 0.28% of all outstanding shares. On the other hand, iShares Core MSCI EAFE ETF held roughly 968.99 shares worth around $11.84 million, which represents about 0.18% of the total shares outstanding.
