In the last trading session, 2.76 million shares of the Pagaya Technologies Ltd (NASDAQ:PGY) were traded, and its beta was 5.95. Most recently the company’s share price was $22.41, and it changed around $0.25 or 1.13% from the last close, which brings the market valuation of the company to $1.70B. PGY currently trades at a discount to its 52-week high of $23.45, offering almost -4.64% off that amount. The share price’s 52-week low was $8.20, which indicates that the current value has risen by an impressive 63.41% since then. We note from Pagaya Technologies Ltd’s average daily trading volume that its 10-day average is 3.09 million shares, with the 3-month average coming to 2.24 million.
Pagaya Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.20. 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, 1 recommended PGY as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight.
Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Instantly PGY has showed a green trend with a performance of 1.13% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 23.45 on recent trading dayincreased the stock’s daily price by 4.43%. The company’s shares are currently up 66.00% year-to-date, but still up 4.77% over the last five days. On the other hand, Pagaya Technologies Ltd (NASDAQ:PGY) is 26.18% up in the 30-day period. We can see from the shorts that 9.37 million shares have been sold at a short interest cover period of 4.48 day(s).
The consensus price target as assigned by Wall Street analysts is $24, which translates to bulls needing to increase their stock price by 6.62% from its current value. Analyst projections state that PGY is forecast to be at a low of $22 and a high of $26.
PGY Dividends
Pagaya Technologies Ltd’s next quarterly earnings report is expected to be released on 2025-May-07.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.91% of Pagaya Technologies Ltd shares, and 58.90% of them are in the hands of institutional investors. The stock currently has a share float of 69.22%. Pagaya Technologies Ltd stock is held by 198.0 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.
BLACKROCK INC., with 4.6503% or 3.34 million shares worth $42.58 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
