Pagaya Technologies Ltd. (PGY)

NASDAQ: PGY · IEX Real-Time Price · USD
1.465
-0.035 (-2.33%)
Feb 27, 2024, 12:44 PM EST - Market open
-2.33%
Market Cap 1.13B
Revenue (ttm) 786.90M
Net Income (ttm) -148.02M
Shares Out 750.13M
EPS (ttm) -0.12
PE Ratio n/a
Forward PE 50.00
Dividend n/a
Ex-Dividend Date n/a
Volume 5,022,525
Open 1.510
Previous Close 1.500
Day's Range 1.455 - 1.525
52-Week Range 0.780 - 2.830
Beta 6.95
Analysts Strong Buy
Price Target 3.54 (+141.64%)
Earnings Date Feb 21, 2024

About PGY

Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and internationally. 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... [Read more]

Sector Technology
Founded 2016
Employees 809
Stock Exchange NASDAQ
Ticker Symbol PGY
Full Company Profile

Financial Performance

In 2022, PGY's revenue was $748.93 million, an increase of 57.81% compared to the previous year's $474.59 million. Losses were -$314.53 million, 134.2% more than in 2021.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for PGY stock is "Strong Buy." The 12-month stock price forecast is $3.54, which is an increase of 141.64% from the latest price.

Price Target
$3.54
(141.64% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

6 days ago - Business Wire

Pagaya Reports Fourth Quarter and Full Year 2023 Results

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

6 days 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...

7 days 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...

7 days 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...

11 days 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...

18 days 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.

19 days 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...

20 days 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...

4 weeks 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...

5 weeks 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...

5 weeks 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...

6 weeks 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...

6 weeks 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...

2 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...

3 months 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...

3 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...

3 months ago - Business Wire

Pagaya Announces CFO Transition

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies, Ltd. (NASDAQ: PGY) (“Pagaya” or “The Company”) today announced that Michael Kurlander, Chief Financial Officer, has stepped down from his role to pursue...

3 months ago - Business Wire

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4 (“R...

3 months ago - Business Wire

Pagaya Closes New $700 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...

3 months ago - Business Wire

Pagaya Reports Third Quarter and Nine Months Ended 2023 Results

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Q3 2023 Earnings Release.

4 months ago - Business Wire

Abhijit Chaudhary Joins Pagaya as Chief Product Officer

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product infrastructure for the financ...

4 months ago - Business Wire

Rithm Capital Partners with Darwin Homes to Form Innovative Single-Family Rental Management Technology Platform

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM) (“Rithm”), an asset manager focused on the real estate and financial services industries, and Darwin Homes, Inc. (“Darwin”), a subsidiary of...

Other symbols: RITM
4 months ago - Business Wire

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-7

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2023-7 (“PAID 2023-7”), a consumer loan ABS transaction. PAID 2023-7 has in...

4 months ago - Business Wire

Pagaya Announces Addition of Two New Partners, Scaling Its Lending Network with a Top Five Bank in the U.S. and Top Four Auto Captive

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

4 months ago - Business Wire