Pagaya Technologies Ltd (NASDAQ: PGY) is 14.75% higher on its value in year-to-date trading and has touched a low of $8.20 and a high of $19.20 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 $11.56 in the last trading session, with the day’s loss setting it -0.9%.
Currently trading at $10.66, the stock is -3.46% and -6.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -7.79% at the moment leaves the stock -8.57% off its SMA200. PGY registered 1.14% gain for a year compared to 6-month gain of -14.38%. The firm has a 50-day simple moving average (SMA 50) of $11.4227 and a 200-day simple moving average (SMA200) of $11.659225.
The stock witnessed a -15.93% loss in the last 1 month and extending the period to 3 months gives it a 10.93%, and is -6.24% down 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 7.33% over the week and 8.22% over the month.
Pagaya Technologies Ltd (PGY) has around 553 employees, a market worth around $802.68M and $1.00B in sales. Fwd P/E is 10.93. Profit margin for the company is -39.96%. Distance from 52-week low is 30.00% and -44.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-42.33%).
with sales reaching $285.11M over the same period.The EPS is expected to grow by 101.92% this year, but quarterly earnings will post 15.90% year-over-year. Quarterly sales are estimated to grow 16.24% in year-over-year returns.
Pagaya Technologies Ltd (PGY) Top Institutional Holders
188.0 institutions hold shares in Pagaya Technologies Ltd (PGY), with institutional investors hold 64.06% of the company’s shares. The shares outstanding are 61.23M, and float is at 38.96M with Short Float at 21.57%. Institutions hold 54.24% 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 11.3923% of the PGY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.34 million shares valued at $42.58 million to account for 4.6503 of the shares outstanding. The other top investors are CLAL INSURANCE ENTERPRISES HOLDINGS LTD which holds 1.76 million shares representing 2.4515% and valued at over $22.45 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 1.6066 of the shares totaling 1.15 million with a market value of $14.71 million.
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 35,369 shares of the company’s common stock on Feb 13 ’25 at a price of $15.00 per share for a total of $0.53 million. Following the sale, the insider now owns 38181.0 shares.
Still, SEC filings show that on Feb 07 ’25, Rosen Tami (Chief Development Officer) disposed off 9,846 shares at an average price of $12.18 for $0.12 million. The insider now directly holds 73,550 shares of Pagaya Technologies Ltd (PGY).
