Pagaya Technologies (PGY) Stock Price, News & Analysis

Company Overview

Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its 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 New York, New York.

Key Stats

• Today's Range: $11.50 to $12.35
• 50-Day Range: $9.65 to $15.06
• 52-Week Range: $8.56 to $20.50
• Volume: 1.02 million shs
• Average Volume: 1.26 million shs
• Market Capitalization: $827.31 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $22.89
• Consensus Rating: Moderate Buy

Pagaya Technologies Stock Analysis - MarketRank™

Pagaya Technologies scored higher than 74% of companies evaluated by MarketBeat, and ranked 331st out of 942 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Pagaya Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Pagaya Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Pagaya Technologies are expected to grow in the coming year, from ($0.09) to $0.94 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Pagaya Technologies is -5.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pagaya Technologies is -5.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Pagaya Technologies has a P/B Ratio of 0.09. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

17.08% of the float of Pagaya Technologies has been sold short.

Short Interest Ratio / Days to Cover

Pagaya Technologies has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Pagaya Technologies has recently increased by 8.93%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Pagaya Technologies does not currently pay a dividend.

Dividend Growth

Pagaya Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

17.08% of the float of Pagaya Technologies has been sold short.

Short Interest Ratio / Days to Cover

Pagaya Technologies has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Pagaya Technologies has recently increased by 8.93%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: 0.49

News Sentiment

Pagaya Technologies has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Pagaya Technologies this week, compared to 5 articles on an average week.

Search Interest

Only 9 people have searched for PGY on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Pagaya Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Pagaya Technologies insiders have sold 278.75% more of their company's stock than they have bought. Specifically, they have bought $248,272.00 in company stock and sold $940,334.00 in company stock.

Percentage Held by Insiders

19.70% of the stock of Pagaya Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

57.14% of the stock of Pagaya Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PGY Stock Analysis - Frequently Asked Questions

How have PGY shares performed this year?

Pagaya Technologies' stock was trading at $16.56 on January 1st, 2024. Since then, PGY stock has decreased by 30.4% and is now trading at $11.52.
View the best growth stocks for 2024 here.

How were Pagaya Technologies' earnings last quarter?

Pagaya Technologies Ltd. (NASDAQ:PGY) announced its earnings results on Friday, August, 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by $0.11. The firm had revenue of $250.34 million for the quarter, compared to analysts' expectations of $239.16 million. Pagaya Technologies had a negative net margin of 14.58% and a negative trailing twelve-month return on equity of 3.10%.

When did Pagaya Technologies' stock split?

Shares of Pagaya Technologies reverse split before market open on Friday, March 8th 2024. The 1-12 reverse split was announced on Monday, March 4th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, March 7th 2024. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Who are Pagaya Technologies' major shareholders?

Pagaya Technologies' top institutional investors include Allspring Global Investments Holdings LLC (1.05%) and ARK Investment Management LLC (0.19%). Insiders that own company stock include Gal Krubiner, Avital Pardo, Yahav Yulzari, Sanjiv Das, Tami Rosen, Evangelos Perros, Nam Woo Kim and Nicole Torraco.
View institutional ownership trends.

How do I buy shares of Pagaya Technologies?

Shares of PGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Pagaya Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Pagaya Technologies investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Vertiv (VRT), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 8/09/2024
• Today: 10/31/2024
• Next Earnings (Confirmed): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:PGY
• CUSIP: N/A
• CIK: 1883085
• Web: pagaya.com
• Phone: 972-3715-0920
• Fax: N/A
• Employees: 800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $22.89
• High Stock Price Target: $36.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +98.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.78
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.97)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-128,440,000.00
• Net Margins: -14.58%
• Pretax Margin: -17.30%
• Return on Equity: -3.10%
• Return on Assets: -1.55%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 1.50
• Quick Ratio: 1.50

Sales & Book Value

• Annual Sales: $891.47 million
• Price / Sales: 0.93
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $128.82 per share
• Price / Book: 0.09

Miscellaneous

• Outstanding Shares: 71,815,000
• Free Float: 57,667,000
• Market Cap: $827.31 million
• Optionable: Not Optionable
• Beta: 6.36