The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
- 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%).
- The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
- Upgrade to MarketBeat All Access to add more stocks to your watchlist.
- One share of PGY stock can currently be purchased for approximately $1.87.
- Based on an average trading volume of 7,850,000 shares, the short-interest ratio is currently 0.6 days.
Its product deploys data science, machine learning and AI technology to evaluate the customers? The company was founded by Gal Krubiner, Yahav Yulzari, and Avital Pardo on March 20, 2016 and is headquartered in Tel Aviv, Israel. According to 7 analysts, the average rating for PGY stock is “Buy.” The 12-month stock price forecast is $4.66, which is an increase of 148.53% from the latest price. The average analyst rating for PGY stock from 7 stock analysts is “Buy”. This means that analysts believe this stock is likely to outperform the market over the next twelve months. According to 7 stock analysts, the average 12-month stock price forecast for PGY stock stock is $4.66, which predicts an increase of 148.53%.
News & Analysis
Financial technology firm Pagaya Technologies Ltd said on Wednesday it was laying off nearly 20% of its employees across its offices in the United States and Israel. Compare
PGY’s historical performance
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Sign-up to receive the latest news and ratings for Pagaya Technologies and its competitors with MarketBeat’s FREE daily newsletter. The financial ecosystem AI infrastructure company delivered strong Q2 results. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
The Wall Street Journal
6 Wall Street analysts have issued 1-year 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 84.1% from the stock’s current price. View analysts price targets for PGY or view top-rated stocks among Wall Street analysts.
- The company is using artificial intelligence to make better lending decisions.
- The company’s partners include high-growth financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers.
- Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry.
Pagaya Technologies Ltd. shares rallied in the extended session Thursday after the AI-backed fintech data company’s adjusted results and outlook topped Wall Street expectations. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. Pagaya is using artificial intelligence to disrupt the financial industry. The technique has proven to be very useful for finding positive surprises.
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PGY, -1.47% were surging more than 20% in premarket action Wednesday after the financial-technology company, which uses artificial intelligence in credit, issued an … High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, difference between chairman and ceo opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry.
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 trading volume of 7,850,000 shares, the short-interest ratio is currently 0.6 days. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Latest On Pagaya Technologies Ltd
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Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of PGY stock can currently be purchased for approximately $1.87. 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%).
Data may be intentionally delayed pursuant to supplier requirements. Pagaya Technologies updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company issued revenue guidance of $190.00 million-$200.00 million, compared to the consensus revenue estimate of $207.83 million.
6 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Pagaya Technologies in the last twelve months. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.
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These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and internationally. https://1investing.in/ It primarily develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. The company’s 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 Tel Aviv, Israel.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.