Should I buy or sell Pagaya Technologies stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pagaya Technologies in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PGY shares. View PGY analyst ratings or view top-rated stocks .

What is Pagaya Technologies' stock price target for 2024?

6 brokers have issued 12 month target prices for Pagaya Technologies' stock. Their PGY share price targets range from $11.50 to $72.00. On average, they predict the company's share price to reach $38.08 in the next year. This suggests a possible upside of 289.0% from the stock's current price. View analysts price targets for PGY or view top-rated stocks among Wall Street analysts .

How have PGY shares performed in 2024?

Pagaya Technologies' stock was trading at $16.56 at the start of the year. Since then, PGY shares have decreased by 40.9% and is now trading at $9.79. View the best growth stocks for 2024 here .

Are investors shorting Pagaya Technologies?

Pagaya Technologies saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,810,000 shares, an increase of 109.0% from the March 15th total of 866,100 shares. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is presently 1.4 days. Approximately 6.5% of the company's shares are short sold. View Pagaya Technologies' Short Interest .

When is Pagaya Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024. View our PGY earnings forecast .

What ETFs hold Pagaya Technologies' stock?

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

When did Pagaya Technologies' stock split?

Pagaya Technologies shares 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 market closes 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.

What guidance has Pagaya Technologies issued on next quarter's earnings?

Pagaya Technologies issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $225.0 million-$240.0 million, compared to the consensus revenue estimate of $230.7 million.

Who are Pagaya Technologies' major shareholders?

Pagaya Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.13%) and Counterpoint Mutual Funds LLC (0.05%). Insiders that own company stock include Avi Zeevi, Avital Pardo, Gal Krubiner, Sanjiv Das, Tami Rosen and Yahav Yulzari. 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 .

NASDAQ:PGY

Pagaya Technologies (PGY) Stock Price, News & Analysis

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Free PGY Stock Alerts

$9.79

-0.55 (-5.32%)

(As of 04/18/2024 ET)

Compare

Today's Range: $9.61
▼
$10.24
50-Day Range: $1.50
▼
$18.36
52-Week Range: $8.90
▼
$33.96

Volume: 1.20 million shs
Average Volume: 1.24 million shs
Market Capitalization: $578.10 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $38.08

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Pagaya Technologies MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.83 Rating Score
Upside/Downside: 289.0% Upside
$38.08 Price Target
Short Interest: Bearish
6.53% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.64
Based on 11 Articles This Week
Insider Trading: Acquiring Shares
$2.01 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.17) to $0.94 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.01 out of 5 stars

Business Services Sector

141st out of 293 stocks

Nondepository Credit Institutions Industry

16th out of 43 stocks

3.4

Analyst's Opinion

Consensus Rating
Pagaya Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Pagaya Technologies has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.53% 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 1.4, 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 108.98%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Pagaya Technologies does not currently pay a dividend.
Dividend Growth
Pagaya Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PGY.

3.1

News and Social Media Coverage

News Sentiment
Pagaya Technologies has a news sentiment score of 0.64. 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 higher news sentiment than the 0.53 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Pagaya Technologies this week, compared to 4 articles on an average week.
Search Interest
Only 37 people have searched for PGY on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.
MarketBeat Follows
39 people have added Pagaya Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pagaya Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,012,373.00 in company stock and sold $0.00 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Pagaya Technologies are expected to grow in the coming year, from ($0.17) to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pagaya Technologies is -4.53, 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 -4.53, 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 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Pagaya Technologies Stock (NASDAQ:PGY)

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.

PGY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PGY Stock News Headlines

April 10, 2024 | insidertrades.com

Insider Buying: Pagaya Technologies Ltd. (NASDAQ:PGY) Insider Buys 10,000 Shares of Stock

April 18, 2024 | uk.investing.com

Pagaya appoints Tami Rosen as Chief Development Officer

April 19, 2024 | InvestorPlace (Ad)

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April 16, 2024 | msn.com

Pagaya Technologies Ltd. (PGY) Stock Falls Amid Market Uptick: What Investors Need to Know

April 16, 2024 | businesswire.com

Pagaya to Form Strategic Advisory Board, Chaired by New Board Member and Former Apple and Goldman Sachs Executive, Tami Rosen

April 14, 2024 | americanbankingnews.com

Pagaya Technologies (NASDAQ:PGY) Trading Down 4.2%

April 13, 2024 | americanbankingnews.com

Q1 2024 EPS Estimates for Pagaya Technologies Ltd. (NASDAQ:PGY) Raised by Analyst

April 12, 2024 | finance.yahoo.com

Insider Spends US$610k Buying More Shares In Pagaya Technologies

April 19, 2024 | InvestorPlace (Ad)

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April 12, 2024 | finance.yahoo.com

A US$80m Market Cap Boost Pleasing ToPagaya Technologies Insiders

April 11, 2024 | americanbankingnews.com

Pagaya Technologies (NASDAQ:PGY) Shares Gap Up Following Insider Buying Activity

April 11, 2024 | uk.investing.com

Pagaya Technologies CEO acquires $348k in company shares