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NASDAQ:PGY

Pagaya Technologies (PGY) Stock Price, News & Analysis

Pagaya Technologies logo
$9.32 +0.55 (+6.27%)
(As of 12:50 PM ET)

About Pagaya Technologies Stock (NASDAQ:PGY)

Key Stats

Today's Range
$8.68
$9.32
50-Day Range
$8.57
$16.89
52-Week Range
$8.20
$20.50
Volume
741,110 shs
Average Volume
1.40 million shs
Market Capitalization
$669.36 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.11
Consensus Rating
Moderate Buy

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.

Pagaya Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
78th Percentile Overall Score

PGY MarketRank™: 

Pagaya Technologies scored higher than 78% of companies evaluated by MarketBeat, and ranked 291st out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Pagaya Technologies' stock forecast and price target.
  • 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 -3.67, 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 -3.67, 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 1.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Pagaya Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    16.58% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Pagaya Technologies has recently decreased by 2.84%, indicating that investor sentiment is improving.
  • Dividend Yield

    Pagaya Technologies does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    16.58% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Pagaya Technologies has recently decreased by 2.84%, indicating that investor sentiment is improving.
  • News Sentiment

    Pagaya Technologies has a news sentiment score of 0.54. 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 0.77 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 4 news articles for Pagaya Technologies this week, compared to 5 articles on an average week.
  • Search Interest

    Only 17 people have searched for PGY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Pagaya Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Pagaya Technologies insiders have sold 1,010.07% more of their company's stock than they have bought. Specifically, they have bought $248,272.00 in company stock and sold $2,755,982.00 in company stock.

  • Percentage Held by Insiders

    49.56% 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.

  • Read more about Pagaya Technologies' insider trading history.
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PGY Stock News Headlines

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Pagaya management to meet with B. Riley
Pagaya Technologies: I'm Still Bearish, Sell
See More Headlines

PGY Stock Analysis - Frequently Asked Questions

Pagaya Technologies' stock was trading at $16.56 at the beginning of the year. Since then, PGY stock has decreased by 43.7% and is now trading at $9.32.
View the best growth stocks for 2024 here
.

Pagaya Technologies Ltd. (NASDAQ:PGY) announced its quarterly earnings data on Thursday, May, 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.19. The business earned $237 million during the quarter, compared to analysts' expectations of $229.45 million. Pagaya Technologies had a negative net margin of 18.48% and a positive trailing twelve-month return on equity of 1.01%.

Pagaya Technologies's stock reverse split on the morning of 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.

Top institutional shareholders of Pagaya Technologies include Clal Insurance Enterprises Holdings Ltd (1.97%), State Street Corp (1.06%), Allspring Global Investments Holdings LLC (1.05%) and Geode Capital Management LLC (0.83%). Insiders that own company stock include Gal Krubiner, Avital Pardo, Yahav Yulzari, Tami Rosen, Sanjiv Das, Evangelos Perros, Nam Woo Kim and Nicole Torraco.
View institutional ownership trends
.

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.

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
5/09/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/19/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:PGY
Fax
N/A
Employees
800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$22.11
High Stock Price Target
$36.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+143.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$-128,440,000.00
Pretax Margin
-20.32%

Debt

Sales & Book Value

Annual Sales
$812.05 million
Book Value
$7.56 per share

Miscellaneous

Free Float
36,223,000
Market Cap
$652.84 million
Optionable
Not Optionable
Beta
6.33
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This page (NASDAQ:PGY) was last updated on 11/21/2024 by MarketBeat.com Staff
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