Pagaya Technologies Ltd. (NASDAQ:PGY – Get Free Report) CFO Evangelos Perros sold 11,293 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $12.15, for a total value of $137,209.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Pagaya Technologies Price Performance
PGY stock opened at $12.76 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.36 and a current ratio of 2.36. Pagaya Technologies Ltd. has a 1 year low of $8.56 and a 1 year high of $33.96. The firm has a market cap of $904.68 million, a P/E ratio of -9.05 and a beta of 6.49. The stock has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $13.18.
Pagaya Technologies (NASDAQ:PGY – Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.19). Pagaya Technologies had a negative return on equity of 4.23% and a negative net margin of 10.53%. The business had revenue of $237.00 million for the quarter, compared to analysts’ expectations of $229.45 million. During the same quarter in the prior year, the firm earned ($0.48) earnings per share. On average, equities analysts predict that Pagaya Technologies Ltd. will post -0.17 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Pagaya Technologies
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods assumed coverage on Pagaya Technologies in a report on Monday, June 17th. They issued an “outperform” rating and a $23.00 price objective on the stock. JMP Securities restated a “market outperform” rating and issued a $25.00 price objective on shares of Pagaya Technologies in a report on Friday, June 7th. Wedbush cut their price objective on Pagaya Technologies from $18.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, March 15th. Benchmark restated a “buy” rating and issued a $22.00 price objective on shares of Pagaya Technologies in a report on Friday, May 10th. Finally, Citigroup began coverage on Pagaya Technologies in a report on Friday, May 24th. They issued a “neutral” rating and a $14.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.94.
View Our Latest Analysis on PGY
Pagaya Technologies Company Profile
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.
See Also
- Five stocks we like better than Pagaya Technologies
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- What Are Dividends? Buy the Best Dividend Stocks
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for Pagaya Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagaya Technologies and related companies with MarketBeat.com's FREE daily email newsletter.