Pagaya Technologies Ltd

Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers? applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari and Avital Pardo on March 20, 2016 and is headquartered in Tel Aviv, Israel.

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Pagaya Technologies reports strong Q4 growth and eyes sustainable profitability

Pagaya Technologies showcased robust financial growth and strategic achievements in Q4 2022, positioning for sustainable profitability in 2023.
The company's focus on AI technology, network expansion, and partnerships strengthens its market presence and revenue streams.
Challenges in managing costs and market liquidity are being addressed, with opportunities for growth through product and partner mix optimization.
Pagaya's strong performance, strategic acquisitions, and outlook for profitability indicate a promising trajectory for the company.

Pagaya Technologies surpasses Q1 expectations, eyes sustainable growth

Pagaya Technologies demonstrated strong performance in Q1 2023, exceeding guidance and focusing on sustainable profitable growth.
The company's strengths lie in strategic partnerships, AI integration, and a commitment to underwriting standards and cost management.
Challenges include addressing analyst inquiries, managing rapid growth, and balancing profitability with expansion.
Opportunities for Pagaya include market expansion through partnerships, leveraging technology for growth, and enhancing competitive positioning.

Pagaya exceeds Q2 guidance, poised for growth amidst uncertainties

Pagaya's Q2 performance was strong, with record network volume and notable revenue growth. The company's unique business model and focus on cost discipline position them well for future opportunities, despite ongoing macro uncertainties.

Pagaya Technologies exceeds Q3 guidance, eyes growth amid challenges

Pagaya Technologies delivered robust Q3 results, with strong partnerships and a focus on profitable growth driving record network volume and revenue.
While facing challenges in credit performance and cost management, Pagaya's strategic initiatives and technology enhancements position it well for future growth.
Opportunities lie in expanding funding arrangements, leveraging conversion rates, and capitalizing on the favorable competitive landscape to drive continued success.

Pagaya Technologies achieves record results and targets growth in 2024

Pagaya Technologies delivered strong financial performance in Q4 2023 and for the full year, focusing on sustainable profitability and disciplined execution.
The company is strategically positioned to accelerate growth in 2024 by expanding products, deepening partnerships, and targeting positive cash flow by early 2025.
Despite challenges in OpEx optimization and conversion rate factors, Pagaya's strong funding position and growth plans present significant opportunities for the future.
Executives emphasized a product and partner-centric growth strategy, strong financial performance, and enhanced funding capabilities to drive Pagaya's success.

Pagaya Technologies reports robust Q1 results and eyes growth

Pagaya Technologies delivered strong financial performance in Q1 2024, focusing on profitability and long-term growth.
The company's strategic initiatives include optimizing operations, improving unit economics, and diversifying funding sources.
Opportunities lie in expanding partnerships, exploring new funding strategies, and maintaining pricing power in the market.

Pagaya Technologies excels in Q2, poised for growth ahead

Pagaya Technologies delivered a strong performance in Q2 2024, exceeding revenue and EBITDA targets.
The company's focus on strategic priorities, cost discipline, and operational efficiency has strengthened its financial position.
While facing challenges in sustaining growth and profitability, Pagaya is well-positioned to capitalize on opportunities for expansion and improvement.
Overall, Pagaya's outlook for 2024 is optimistic, with a path towards positive net cash flow and GAAP net income in 2025.

Pagaya Technologies excels in Q3, eyes sustainable profitability in 2025

Pagaya Technologies demonstrated robust financial performance in Q3 2024, emphasizing growth in revenues, fee generation, and adjusted EBITDA. While facing challenges from credit-related adjustments, the company is strategically positioned to capitalize on opportunities in expanding its loan facilitation network and enhancing financial performance across asset classes.

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Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari, and Avital Pardo on March 20, 2016 and is headquartered in New York, NY.

Pagaya Technologies Ltd. (PGY) has been one of the stocks most watched by Zacks.com users lately.

Is Trending Stock Pagaya Technologies Ltd. (PGY) a Buy Now?

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Pagaya Technologies Ltd. (PGY) reachead $11.14 at the closing of the latest trading day, reflecting no change compared to its last close.

Pagaya Technologies Ltd. (PGY) Flat As Market Gains: What You Should Know

Pagaya is demonstrating high growth and is expected to become profitable this year. It recently announced a reverse stock split and then issued another stock offering.

Why Pagaya Stock Plummeted 43% in March

Pagaya is experiencing turbulent times, with a stock split and unexpected equity rise. The reverse stock split aimed to attract institutional investors but led to speculative movements in the stock price. The unexpected equity rise, just five days after the split, has negatively impacted the company's stock price, suggesting financial difficulties.

Pagaya: Financial Uncertainty Causes An Attractive Entry Opportunity

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 ecosystem, today announced plans to host a virtual fireside chat, with CEO Gal Krubiner, CFO Evangelos Perros and President Sanjiv Das. The conversation will be moderated by John Hecht from Jefferies, on Tuesday, March 26, 2024 at 1:00 PM ET. During the session, management will address a range of topi.

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

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Pagaya did a reverse stock split last week. Now, it's selling more shares.

Why Pagaya Technologies Stock Tumbled 22% Today

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 ecosystem, today announced that it has priced an underwritten public offering (the “Offering”) of 7,500,000 Class A ordinary shares, no par value (“Class A Ordinary Shares”) at a public offering price of $12.70. The Company granted the underwriters a 30-day option to purchase up to 1,125,000 additiona.

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 ecosystem, today announced that it has commenced an underwritten public offering (the “Offering”) of 6,500,000 Class A ordinary shares, no par value (“Class A Ordinary Shares”). The Company intends to grant the underwriters a 30-day option to purchase up to 975,000 additional Class A Ordinary Shares.

Pagaya Announces Public Offering of Class A Ordinary Shares

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 announced the closing of two new asset-backed securitizations (ABS) – RPM 2024-1 and PAID 2024-3, its 50th and 51st ABS deals, respectively. Kroll Bond Rating Agency rated the transaction. Qualified institutional buyers purchased $792 million of notes backed by consumer loans and $238 million of notes.

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

Pagaya Technologies Ltd. (PGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Pagaya Technologies Ltd. (PGY) Upgraded to Strong Buy: What Does It Mean for the Stock?

The consensus price target hints at a 155.8% upside potential for Pagaya Technologies Ltd. (PGY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Pagaya Technologies Ltd. (PGY) Have the Potential to Rally 155.79% as Wall Street Analysts Expect?

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 2024-3 has initial credit enhancement levels of 61.20% for the Class A notes to 7.30% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2024-3 will issue nine classes of notes totaling $594.0 million wit.

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

Does Pagaya Technologies Ltd. (PGY) have what it takes to be a top stock pick for momentum investors?

Pagaya Technologies Ltd. (PGY) is a Great Momentum Stock: Should You Buy?

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 ecosystem, today announced that its Board of Directors approved a reverse stock split at a final ratio of 1-for-12, which will be effective at 9:00 a.m. Eastern Time, on Friday, March 8, 2024. Pagaya ordinary shares will begin trading on a split-adjusted basis at the market open on Friday, March 8, 20.

Pagaya Announces Effective Date for Reverse Stock Split

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Pagaya is adding large banks and other lenders to its platform, leading to increased network volume and revenue. This was the second consecutive quarter of positive operating cash flow and operating income.

Wall Street Sees 100% Upside for This Artificial Intelligence (AI) Stock No One Is Talking About

Pagaya reports Q4 2023 and full-year 2023 results, with revenue of $218 million (+13% YoY) and adjusted EBITDA of $34 million.

Pagaya's Good Q4 Results And Strong 2024 Guidance Herald A Bullish Share Price Breakout

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PGY, APAM, NTRS, GNK and MUSA have been added to the Zacks Rank #1 (Strong Buy) List on February 22, 2024.

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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 Trust 2024-1 (collectively “RPM 2024-1”), an auto loan ABS transaction. RPM 2024-1 has initial credit enhancement levels of 39.55% for the Class A notes to 5.00% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash rese.

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

Pagaya Technologies Ltd. (PGY) Q4 2023 Earnings Call Transcript

Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share.

Pagaya Technologies Ltd. (PGY) Q4 Earnings and Revenues Lag Estimates

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

News for Pagaya Technologies Ltd Stock (PGY)