PGY Stock Recent News

Artificial intelligence is driving US equity markets, with application companies like Pagaya poised to benefit significantly, similar to the Internet revolution. Despite credit losses and geopolitical tensions, Pagaya is progressing towards GAAP profitability, with strong partnerships and market expansion set to fuel future growth. Pagaya is an absolute and relative bargain, presenting a compelling long-term investment opportunity compared to its peers.

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 2024-11) and expects to close an additional $100 million pass-through transaction (PT 2024-2) next week. A total of 29 unique investors participated across these two new transactions, the majority of which were repea.

The average of price targets set by Wall Street analysts indicates a potential upside of 102.5% in Pagaya Technologies Ltd. (PGY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to nine classes of notes issued by Pagaya AI Debt Grantor Trust 2024-11 and Pagaya AI Debt Trust 2024-11 (collectively “PAID 2024-11”), an unsecured consumer loan ABS transaction. PAID 2024-11 has initial hard credit enhancement levels of 71.14% for the Class A Notes to 3.17% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash reserve account funded at cl.

Artificial intelligence (AI) has been revolutionizing many sectors and industries enabling enhanced productivity and efficiencies. The computer and technology sector has been transformed with the AI boom as processing power continues to expand exponentially.

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 cash flow remains minimal, raising concerns about its financial health. PGY's share count increased by 12% y/y while revenues grew by 21% y/y, puzzling investors about the company's true value.

The mean of analysts' price targets for Pagaya Technologies Ltd. (PGY) points to an 110.4% upside in the stock.

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 company reported a record Q3 revenue of $257 million, driven by a 24% increase in fee revenue and 11% network volume growth. Despite a net loss due to non-cash items, Pagaya achieved a record adjusted EBITDA of $56 million, with a margin surge to 21.8%.

While the top- and bottom-line numbers for Pagaya Technologies Ltd. (PGY) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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 Sanjiv Das - President Evangelos Perros - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Genuity Mark Palmer - Benchmark John Hecht - Jefferies Steven Kwok - KBW David Scharf - Citizens JMP Hal Goetsch - B.