Pagaya Technologies Ltd. (PGY)
Market Cap | 645.96M |
Revenue (ttm) | 970.90M |
Net Income (ttm) | -177.90M |
Shares Out | 73.66M |
EPS (ttm) | -2.63 |
PE Ratio | n/a |
Forward PE | 5.72 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 1,791,985 |
Open | 8.61 |
Previous Close | 8.62 |
Day's Range | 8.46 - 8.85 |
52-Week Range | 8.46 - 20.51 |
Beta | 6.36 |
Analysts | Strong Buy |
Price Target | 22.11 (+152.11%) |
Earnings Date | Nov 12, 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]
Financial Performance
In 2023, Pagaya Technologies'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 StatementsAnalyst Forecast
According to 9 analysts, the average rating for PGY stock is "Strong Buy." The 12-month stock price forecast is $22.11, which is an increase of 152.11% from the latest price.
News
Pagaya Technologies: I'm Still Bearish, Sell
I believe Pagaya Technologies is overvalued, with negligible free cash flow and a balance sheet riddled with restrictions, making it a sell. Despite Pagaya's earnings, EBITDA, and cash flow, its free ...
Pagaya Technologies: Completely Overdone
Pagaya Technologies Ltd. is a fintech company leveraging AI and data analytics to enhance consumer credit and real estate solutions, showing significant growth despite recent stock volatility. The com...
Pagaya Technologies Ltd. (PGY) Q3 2024 Earnings Call Transcript
Pagaya Technologies Ltd. (NASDAQ:PGY) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Josh Fagen - Head of Investor Relations Gal Krubiner - Chief Executive Officer...
Pagaya Reports Third Quarter and Nine Months Ended 2024 Results
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure fo...
Pagaya Raises $1 Billion Across Two New Personal Loan and Auto ABS Deals, Signaling Strong Capital Markets 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...
Pagaya to Participate in Upcoming Investor Conferences
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that th...
KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2024-10 and Pagaya AI Debt Trust 2024-10
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to nine classes of notes issued by Pagaya AI Debt Grantor Trust 2024-10 and Pagaya AI Debt Trust 2024-10 (collectively...
Pagaya Completes Acquisition of Theorem Technology, Inc.
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...
KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2024-3 and Research-Driven Pagaya Motor Trust 2024-3
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-3 and Research-Driven Pagaya Motor Tr...
Pagaya Announces Timing of Third Quarter 2024 Earnings Release
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its third quarter 2024 earnings on November 12, 2024. A conference call to discuss those earnings will be held on the s...
Pagaya, Citi, Jefferies, and Milken Institute at Money20/20: How Embedded Payments, AI, and Private Credit are Reshaping Consumer Lending
NEW YORK--(BUSINESS WIRE)--Pagaya CEO Gal Krubiner will moderate a rich discussion with Citi Retail Services' Head of Connected Commerce and Strategic Growth Terry O'Neil, Jefferies Global Investment ...
LendingClub and Pagaya Acquire Tally's Credit Card Management Tech
LendingClub and AI lending network Pagaya have acquired Tally Technologies' intellectual property. Tally, a FinTech that helped consumers manage credit card debt, closed its doors in August.
LendingClub & Pagaya Acquire Assets of Tally Technologies
SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)--LendingClub Corporation (NYSE: LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology co...
Pagaya: Unwarranted Sell Off
Pagaya Technologies originally fell over 30% after announcing a debt refinancing plan to save $30 million in annual interest expenses, improving cash flow. The market's reaction was irrational, likely...
Pagaya Announces Pricing of Upsized $140 Million Exchangeable Senior Notes Offering at a 45% Exchange Premium
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...
Pagaya Announces Proposed Exchangeable Senior Notes Offering
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...
Pagaya Closes New $500 Million Consumer Loan ABS 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...
Pagaya Announces Appointment of Josh Fagen as Head of Investor Relations and COO of Finance
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...
Pagaya: Still Unloved, Misunderstood, And Dramatically Undervalued
Pagaya's valuation remains low both absolutely and relatively despite strong operational performance due to market sentiment and misconceptions about the fintech space in general, particularly subprim...
Former Citi and U.S. Bank Executive Rajinder Singh Joins Pagaya as Chief Risk Officer
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 nam...
Pagaya Q2 ER: Mixed Results With Impressive Outlook For 2025
Pagaya's Q2 results were mixed, with revenues and adjusted EBITDA above expectations but higher net losses. Important announcements include a $1 billion forward flow agreement with Castlelake and a pa...
An inside look at how Pagaya uses AI to approve borrowers
Gal Krubiner, co-founder and CEO at Pagaya, joins 'The Exchange' to discuss the fintech company that specializes in AI lending and to provide an inside look into the country's spending habits.
Pagaya Technologies Ltd. (PGY) Q2 2024 Earnings Call Transcript
Pagaya Technologies Ltd. (NASDAQ:PGY) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Jency John - Head of Investor Relations Gal Krubiner - Chief Executive Officer Sa...
Pagaya Reports Second Quarter and First Half 2024 Results
NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Q2 2024 Earnings Release.
Pagaya and Castlelake Announce Forward Flow Agreement to Purchase up to $1 Billion of Consumer Loans Originated on the Pagaya Network
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, and Castl...