In the latest trading session,, 0.72 million Pagaya Technologies Ltd (NASDAQ:PGY) shares changed hands as the company’s beta touched 5.97. With the company’s most recent per share price at $21.93 changing hands around $0.54 or 2.55% at last look, the market valuation stands at $1.66B. PGY’s last price was a premium, traded about 2.19% off its 52-week high of $21.45. The share price had its 52-week low at $8.20, which suggests the last value was 62.61% up since then. When we look at Pagaya Technologies Ltd’s average trading volume, we note the 10-day average is 2.18 million shares, with the 3-month average coming to 2.12 million.
Analysts gave the Pagaya Technologies Ltd (PGY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. 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 0.57.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Instantly PGY is in green as seen in intraday trades today. With action 17.05%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 79.06%, with the 5-day performance at 17.05% in the green. However, in the 30-day time frame, Pagaya Technologies Ltd (NASDAQ:PGY) is 28.05% up. Looking at the short shares, we see there were 9.37 million shares sold at short interest cover period of 4.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need an upside of 8.62% from its recent market value. According to analyst projections, PGY’s forecast low is 22 with 26 as the target high. To hit the forecast high, the stock’s price needs a -18.56% plunge from its current level, while the stock would need to soar -0.32% for it to hit the projected low.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Year-over-year growth is forecast to reach 19.69% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 299.26M. 10 analysts are of the opinion that Pagaya Technologies Ltd’s revenue for the current quarter will be 309.24M. The company’s revenue for the corresponding quarters a year ago was 250.34M and 257.23M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.54%. The estimates for the next quarter sales put growth at 20.22%.
The 2025 estimates are for Pagaya Technologies Ltd earnings to increase by 108.32%.
PGY Dividends
Pagaya Technologies Ltd is expected to release its next quarterly earnings report on 2025-May-07.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.91% of Pagaya Technologies Ltd shares while 58.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.21%. There are 58.89% 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.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 4.6503% or 3.34 million shares worth $42.58 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 $32.43 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 $21.09 million.
