In yesterday’s Wall Street session, Pagaya Technologies Ltd. (NASDAQ:PGY) shares traded at $1.05, down -3.67% from the previous session.
As of this writing, 5 analysts cover Pagaya Technologies Ltd. (NASDAQ:PGY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.00, we find $2.00. Given the previous closing price of $1.09, this indicates a potential upside of 83.49 percent. PGY stock price is now 11.16% away from the 50-day moving average and -65.68% away from the 200-day moving average. The market capitalization of the company currently stands at $751.45M.
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There are 3 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $1.82 as their price target over the next twelve months.
A total of 26.02% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PGY stock. A new stake in Pagaya Technologies Ltd. shares was purchased by CANTOR FITZGERALD, L. P. during the first quarter worth $2,298,000. JTC EMPLOYER SOLUTIONS TRUSTEE LTD invested $940,000 in shares of PGY during the first quarter. In the first quarter, ETF MANAGERS GROUP, LLC acquired a new stake in Pagaya Technologies Ltd. valued at approximately $696,000. XTX TOPCO LTD acquired a new stake in PGY for approximately $184,000. VIRTU FINANCIAL LLC purchased a new stake in PGY valued at around $53,000 in the second quarter. In total, there are 50 active investors with 42.20% ownership of the company’s stock.
Thursday morning saw Pagaya Technologies Ltd. (NASDAQ: PGY) opened at $1.1800. During the past 12 months, Pagaya Technologies Ltd. has had a low of $0.57 and a high of $34.50. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 4.20, and a quick ratio of 4.20. The fifty day moving average price for PGY is $0.9444 and a two-hundred day moving average price translates $2.9553 for the stock.
The latest earnings results from Pagaya Technologies Ltd. (NASDAQ: PGY) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.03 by -0.06. This compares to -$0.05 EPS in the same period last year. The company reported revenue of $186.64 million for the quarter, compared to $170.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.44 percent. For the current quarter, analysts expect PGY to generate $188.02M in revenue.
Pagaya Technologies Ltd.(PGY) Company Profile
Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and internationally. It primarily develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. The company’s partners include high-growth financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. Pagaya Technologies Ltd. was incorporated in 2016 and is headquartered in Tel Aviv, Israel.
