Pagaya Technologies Ltd (NASDAQ: PGY) is 34.55% higher on its value in year-to-date trading and has touched a low of $8.20 and a high of $20.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PGY stock was last observed hovering at around $11.07 in the last trading session, with the day’s gains setting it 1.43%.
Currently trading at $12.50, the stock is 31.88% and 28.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.04 million and changing 12.92% at the moment leaves the stock 8.77% off its SMA200. PGY registered -6.16% loss for a year compared to 6-month loss of -9.35%. The firm has a 50-day simple moving average (SMA 50) of $9.7043 and a 200-day simple moving average (SMA200) of $11.49215.
The stock witnessed a 27.94% gain in the last 1 month and extending the period to 3 months gives it a 13.22%, and is 34.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.39% over the week and 6.73% over the month.
Pagaya Technologies Ltd (PGY) has around 712 employees, a market worth around $920.70M and $939.31M in sales. Fwd P/E is 30.14. Profit margin for the company is -18.94%. Distance from 52-week low is 52.44% and -37.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.62%).
with sales reaching $265.14M over the same period.The EPS is expected to shrink by -23.38% this year, but quarterly earnings will post 25.37% year-over-year. Quarterly sales are estimated to grow 21.60% in year-over-year returns.
Pagaya Technologies Ltd (PGY) Top Institutional Holders
185.0 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 60.54% of the company’s shares. The shares outstanding are 60.16M, and float is at 37.94M with Short Float at 23.74%. Institutions hold 50.98% of the Float.
The top institutional shareholder in the company is VIOLA VENTURES V.C. MANAGEMENT 4 LTD. with over 8.18 million shares valued at $104.32 million. The investor’s holdings represent 12.6747% of the PGY Shares outstanding. As of 2024-06-30, the second largest holder is X-SQUARE CAPITAL, LLC with 11879.0 shares valued at $0.15 million to account for 0.0184 of the shares outstanding.
Pagaya Technologies Ltd (PGY) Insider Activity
The most recent transaction is an insider sale by Rosen Tami, the company’s Chief Development Officer. SEC filings show that Rosen Tami sold 9,846 shares of the company’s common stock on Feb 07 ’25 at a price of $12.18 per share for a total of $0.12 million. Following the sale, the insider now owns 73550.0 shares.
Still, SEC filings show that on Feb 03 ’25, Rosen Tami (Chief Development Officer) disposed off 5,779 shares at an average price of $9.28 for $53629.0. The insider now directly holds 83,396 shares of Pagaya Technologies Ltd (PGY).
