News

Fintel reports that on May 24, 2024, Citigroup initiated coverage of Pagaya Technologies (NasdaqCM:PGY) with a Neutral recommendation.

Analyst Price Forecast Suggests 171.56% Upside

As of May 22, 2024, the average one-year price target for Pagaya Technologies is 31.47. The forecasts range from a low of 13.13 to a high of $50.40. The average price target represents an increase of 171.56% from its latest reported closing price of 11.59.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Pagaya Technologies is 847MM, a decrease of 2.76%. The projected annual non-GAAP EPS is -0.10.

What is the Fund Sentiment?

There are 97 funds or institutions reporting positions in Pagaya Technologies. This is an increase of 4 owner(s) or 4.30% in the last quarter. Average portfolio weight of all funds dedicated to PGY is 0.16%, an increase of 74.16%. Total shares owned by institutions decreased in the last three months by 88.21% to 21,149K shares.

The put/call ratio of PGY is 0.19, indicating a bullish outlook.

What are Other Shareholders Doing?

TAISX - TIAA-CREF Quant International Small-Cap Equity Fund Advisor Class holds 3,345K shares representing 4.72% ownership of the company.

QCSTRX - Stock Account Class R1 holds 2,953K shares representing 4.17% ownership of the company.

IZRL - ARK Israel Innovative Technology ETF holds 2,049K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 1,333K shares , representing an increase of 34.94%. The firm decreased its portfolio allocation in PGY by 1.70% over the last quarter.

FMCDX - Fidelity Advisor Stock Selector Mid Cap Fund holds 1,859K shares representing 2.62% ownership of the company.

Clal Insurance Enterprises Holdings holds 1,789K shares representing 2.52% ownership of the company.

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This story originally appeared on Fintel.

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