Pagaya Technologies Ltd (NASDAQ:PGY) has a beta value of 5.88 and has seen 0.45 million shares traded in the recent trading session. The company, currently valued at $755.92M, closed the recent trade at $10.04 per share which meant it lost -$0.62 on the day or -5.83% during that session. The PGY stock price is -91.24% off its 52-week high price of $19.20 and 18.33% 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 1.35 million shares traded. The 3-month trading volume is 2.49 million shares.
The consensus among analysts is that Pagaya Technologies Ltd (PGY) is Buy stock at the moment, with a recommendation rating of 1.22. 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 -5.83% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PGY stock price touched $10.04 or saw a rise of 20.94%. Year-to-date, Pagaya Technologies Ltd shares have moved 8.06%, while the 5-day performance has seen it change -19.30%. Over the past 30 days, the shares of Pagaya Technologies Ltd (NASDAQ:PGY) have changed -21.75%. Short interest in the company has seen 8.4 million shares shorted with days to cover at 2.7.
Wall Street analysts have a consensus price target for the stock at $26, which means that the shares’ value could jump 61.38% from the levels at last check today.. The projected low price target is $26.0 while the price target rests at a high of $26.0. In that case, then, we find that the latest price level in today’s session is -158.96% off the targeted high while a plunge would see the stock gain -158.96% from the levels at last check today..
Pagaya Technologies Ltd (PGY) estimates and forecasts
The company’s shares have gained 4.03% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 15.90%.
9 analysts offering their estimates for the company have set an average revenue estimate of 285.11M for the current quarter. 9 have an estimated revenue figure of 288.14M 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 16.24% for the current quarter and 15.90% for the next.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next earnings report on 2025-Feb-12 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 15.33% of the company shares, while shares held by institutions stand at 54.24% with a share float percentage of 64.06%. Investors are also buoyed by the number of investors in a company, with Pagaya Technologies Ltd having a total of 188.0 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 11.3923% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 3.34 million shares as of 2024-06-30. The firm’s total holdings are worth over $42.58 million and represent 4.6503% 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 $15.07 million while later fund manager owns 968.99 shares of worth $9.8 million as of Dec 31, 2023 , which makes it owner of about 0.18% of company’s outstanding stock.
