Pagaya Technologies Ltd. (PGY)

NASDAQ: PGY · Real-Time Price · USD
8.77
+0.15 (1.74%)
At close: Nov 20, 2024, 4:00 PM
8.60
-0.17 (-1.94%)
After-hours: Nov 20, 2024, 4:32 PM EST
1.74%
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]

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

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 Statements

Analyst 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.

Price Target
$22.11
(152.11% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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 ...

6 days ago - Seeking Alpha

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...

8 days ago - Seeking Alpha

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...

8 days ago - Seeking Alpha

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...

8 days ago - Business Wire

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...

14 days ago - Business Wire

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...

20 days ago - Business Wire

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...

22 days ago - Business Wire

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...

23 days ago - Business Wire

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...

26 days ago - Business Wire

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...

4 weeks ago - Business Wire

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 ...

4 weeks ago - Business Wire

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.

Other symbols: LC
6 weeks ago - PYMNTS

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...

Other symbols: LC
6 weeks ago - Business Wire

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...

7 weeks ago - Seeking Alpha

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...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

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...

3 months ago - Seeking Alpha

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.

3 months ago - CNBC Television

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...

3 months ago - Seeking Alpha

Pagaya Reports Second Quarter and First Half 2024 Results

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Q2 2024 Earnings Release.

3 months ago - Business Wire

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...

3 months ago - Business Wire