Stocks of Pagaya Technologies Ltd. (NASDAQ:PGY) traded higher last session on Wall Street, up 0.40% to $2.53.
According to the data, Pagaya Technologies Ltd. (NASDAQ:PGY) has 6 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $1.10, we find $2.50. Given the previous closing price of $2.52, this indicates a potential downside of -0.79 percent. PGY stock price is now 55.56% away from the 50-day moving average and 113.76% away from the 200-day moving average. The market capitalization of the company currently stands at $1.87B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
A total of 3 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $2.93 as their price target over the next twelve months.
With the price target of $4, B. Riley Securities recently initiated with Buy rating for Pagaya Technologies Ltd. (NASDAQ: PGY).
A total of 25.95% 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 $5,537,000. ETF MANAGERS GROUP, LLC invested $1,677,000 in shares of PGY during the first quarter. In the first quarter, XTX TOPCO LTD acquired a new stake in Pagaya Technologies Ltd. valued at approximately $443,000. RAYMOND JAMES & ASSOCIATES acquired a new stake in PGY for approximately $233,000. NATIONAL BANK OF CANADA /FI/ purchased a new stake in PGY valued at around $80,000 in the second quarter. In total, there are 52 active investors with 42.20% ownership of the company’s stock.
During the past 12 months, Pagaya Technologies Ltd. has had a low of $0.57 and a high of $24.00. 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 $1.6560 and a two-hundred day moving average price translates $1.1898 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 $187.8M 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.
