Pagaya Technologies Ltd. (PGY)

NASDAQ: PGY · IEX Real-Time Price · USD
9.45
-0.34 (-3.47%)
At close: Apr 19, 2024, 4:00 PM
9.47
+0.02 (0.21%)
After-hours: Apr 19, 2024, 7:42 PM EDT
-3.47%
Market Cap 666.04M
Revenue (ttm) 812.05M
Net Income (ttm) -128.44M
Shares Out 70.48M
EPS (ttm) -2.14
PE Ratio n/a
Forward PE 29.76
Dividend n/a
Ex-Dividend Date n/a
Volume 924,094
Open 9.69
Previous Close 9.79
Day's Range 9.39 - 9.80
52-Week Range 8.90 - 33.96
Beta 6.69
Analysts Strong Buy
Price Target 38.08 (+302.96%)
Earnings Date May 14, 2024

About 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 pr... [Read more]

Sector Technology
Founded 2016
Employees 712
Stock Exchange NASDAQ
Ticker Symbol PGY
Full Company Profile

Financial Performance

In 2023, PGY's revenue was $812.05 million, an increase of 8.43% compared to the previous year's $748.93 million. Losses were -$128.44 million, -59.16% less than in 2022.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for PGY stock is "Strong Buy." The 12-month stock price forecast is $38.08, which is an increase of 302.96% from the latest price.

Price Target
$38.08
(302.96% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Pagaya Announces Timing of First Quarter 2024 Earnings Release

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its first quarter 2024 earnings on May 9, 2024. A conference call to discuss those earnings will be held on the same da...

21 hours ago - Business Wire

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

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the creati...

3 days ago - Business Wire

Pagaya to Webcast Fireside Chat with CEO Gal Krubiner, CFO Evangelos Perros and President Sanjiv Das on March 26, 2024

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial eco...

4 weeks ago - Business Wire

Pagaya Announces Pricing of 7,500,000 Class A Ordinary Shares

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial eco...

5 weeks ago - Business Wire

Pagaya Announces Public Offering of Class A Ordinary Shares

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial eco...

5 weeks ago - Business Wire

Pagaya Continues Strong Momentum, Raising More Than $1 Billion Across Two New ABS Deals

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today ann...

5 weeks ago - Business Wire

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-3

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-3 (“PAID 2024-3”), a consumer loan ABS transaction. PAID...

6 weeks ago - Business Wire

Pagaya Announces Effective Date for Reverse Stock Split

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial eco...

6 weeks ago - Business Wire

Pagaya to Participate in Upcoming Investor Conferences

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecos...

7 weeks ago - Business Wire

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Trust 2024-1

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Tr...

2 months ago - Business Wire

Pagaya Reports Fourth Quarter and Full Year 2023 Results

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--4Q23 Earnings Release.

2 months ago - Business Wire

Pagaya Closes Another $400 Million Consumer Loan Asset-Backed Securitization

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today ann...

2 months ago - Business Wire

Pagaya Names Evangelos Perros as Chief Financial Officer

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial eco...

2 months ago - Business Wire

US Bank Taps Pagaya's Credit Intelligence Network for Personal Loans

U.S. Bank said Thursday (Feb. 15) that more than 2,000 of its clients have been approved for personal loans over the past few months thanks to the technology and credit intelligence network enabled by...

2 months ago - PYMNTS

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-2

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-2 (“PAID 2024-2”), a consumer loan ABS transaction. PAID...

2 months ago - Business Wire

Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance Products

Pagaya Technologies has secured a credit facility worth $280 million from top global asset managers and financial institutions.

2 months ago - PYMNTS

Pagaya Closes Five-Year $280M Credit Facility with BlackRock, UBS, JPMorgan Chase and Other Lenders

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced...

2 months ago - Business Wire

Pagaya Closes New $400 Million Consumer Loan Deal, Reflecting Continued Strong Investor Demand

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today ann...

3 months ago - Business Wire

Pagaya Announces Timing of Fourth Quarter 2023 Earnings Release

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its fourth quarter 2023 earnings on February 21, 2024. A conference call to discuss those earnings w...

3 months ago - Business Wire

Pagaya to Participate in 26th Annual Needham Growth Conference

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecos...

3 months ago - Business Wire

Pagaya Announces Strategic Actions to Enhance Marketability of its Stock, Strong Financial Outperformance in 4Q23 and FY23

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial eco...

3 months ago - Business Wire

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-1

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-1 (“PAID 2024-1”), a consumer loan ABS transaction. PAID 2024-1 has initial credit...

3 months ago - Business Wire

Pagaya Announces Partnership with Exeter Finance, Further Scaling its Auto Lending Product

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, has annou...

4 months ago - Business Wire

Pagaya Technologies Names Former Xerox Executive Nicole Torraco to its Board of Directors

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announc...

5 months ago - Business Wire

Pagaya's Strong Momentum Continues with Closing of Fourth Auto Asset-Backed Securitization Deal of 2023

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today ann...

5 months ago - Business Wire