Pagaya Technologies (PGY) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pagaya Technologies in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PGY shares.
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6 brokers have issued 12 month target prices for Pagaya Technologies' stock. Their PGY share price forecasts range from $1.35 to $6.00. On average, they predict the company's stock price to reach $3.43 in the next year. This suggests a possible upside of 109.3% from the stock's current price.
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Pagaya Technologies' stock was trading at $1.24 at the beginning of the year. Since then, PGY stock has increased by 32.3% and is now trading at $1.64.
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Pagaya Technologies saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,400,000 shares, an increase of 22.2% from the August 15th total of 3,600,000 shares. Based on an average daily volume of 7,850,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Pagaya Technologies Ltd. (NASDAQ:PGY) announced its quarterly earnings data on Thursday, August, 10th. The company reported ($0.02) EPS for the quarter, meeting analysts' consensus estimates of ($0.02). The business had revenue of $185.69 million for the quarter, compared to the consensus estimate of $186.45 million. Pagaya Technologies had a negative trailing twelve-month return on equity of 11.21% and a negative net margin of 26.78%.

ETFs with the largest weight of Pagaya Technologies (NASDAQ:PGY) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL) and BlueStar Israel Technology ETF (ITEQ).Global X FinTech Thematic ETF (FINX).

Pagaya Technologies updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $190.00 million-$200.00 million, compared to the consensus revenue estimate of $207.83 million.

Pagaya Technologies trades on the NASDAQ under the ticker symbol "PGY."

Pagaya Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include JTC Employer Solutions Trustee Ltd (0.16%), Mirae Asset Global Investments Co. Ltd. (0.09%), Geode Capital Management LLC (0.07%), JPMorgan Chase & Co. (0.04%), Renaissance Technologies LLC (0.04%) and Simplex Trading LLC (0.00%).

Shares of PGY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PGY stock can currently be purchased for approximately $1.64.

Pagaya Technologies (NASDAQ:PGY) has a market capitalization of $1.16 billion and generates $748.93 million in revenue each year. The company earns $-302,320,000.00 in net income (profit) each year or ($0.29) on an earnings per share basis.

The company employs 809 workers across the globe.

Pagaya Technologies' mailing address is 2107 WILSON BOULEVARD SUITE 410, ARLINGTON VA, 22201. The official website for the company is pagaya.com. The company can be reached via phone at 972-3715-0920 or via email at ir@pagaya.com.