PGY Stock Recent News

Pagaya Technologies Ltd. (PGY) witnessed a jump in share price last session on above-average trading volume.

Pagaya Technologies Ltd. (PGY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

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 a new forward flow agreement with funds managed by Blue Owl Capital (“Blue Owl”) to purchase up to $2.4 billion in consumer loans through the Pagaya network over a 24-month period. Pagaya's forward flow program, which allows the Company to fund loan originations in a capital efficient manner.

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 a $600 million AAA-rated personal loan ABS transaction (PAID 2025-1). A total of 32 unique investors participated across the new personal loan transaction, the majority of which were repeat investors. Additionally, PAID 2025-1 was substantially oversubscribed and upsized from.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2025-1 and Research-Driven Pagaya Motor Trust 2025-1 (collectively “RPM 2025-1”), an auto loan ABS transaction. RPM 2025-1 has initial credit enhancement levels of 50.18% for the Class A notes to 0.45% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash rese.

With its unique investor network, Pagaya is all set to scale its business by approving more loans through its lending partners. Even with the most conservative valuation of its share price, Pagaya remains significantly undervalued. The bearish market stems from Pagaya's issues with credit impairments. Something that management say will improve going forward.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 11 classes of notes issued by Pagaya AI Debt Grantor Trust 2025-1 and Pagaya AI Debt Trust 2025-1 (collectively “PAID 2025-1”), an unsecured consumer loan ABS transaction. PAID 2025-1 has initial hard credit enhancement levels of 87.15% for the Class A-1 Notes to 3.25% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash reserve account funded at closin.

Pagaya Technologies Ltd. (PGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Pagaya Technologies leverages AI and machine learning to improve loan decision-making, aiming to enhance lender's customer acquisition and underwriting accuracy. Despite strong Q3 results, concerns remain due to significant impairment charges, weak Q4 guidance, and potential growth deceleration in 2025. The stock's valuation is cheap but justified given ongoing impairments, high delinquency rates, and uncertain profitability path, warranting a cautious stance.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today the appointment of two new independent directors to the Company's Board of Directors - Asheet Mehta and Alison Davis. “We are pleased to welcome Asheet Mehta and Alison Davis to Pagaya's Board,” said Gal Krubiner, Co-founder and CEO of Pagaya. “Both bring exceptional experience and depth of expert.