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Pagaya Technologies Ltd. recently reported another strong quarter with 31% revenue growth. The AI lending tech platform faces constant funding requirements from bank partners, and recent internal capital raises hurt the stock. The stock trades at less than 5x adjusted EBITDA targets despite strong growth, with related fintechs out of favor due to the interest rate environment.
Institutional owners/shares have increased dramatically in the most recent quarter. Pagaya is addressing the market's concerns over its funding of risk-retention, and the overall percentage of its risk-retention assets. Pagaya's share price is clearly moving in conjunction with a traditional, short-term moving average, and may be on the cusp of a breakout.
The cutting-edge, finance-industry, tech-solutions provider posted impressive quarterly-growth numbers. It also blew past analyst estimates in the period.
Pagaya Technologies Ltd. (NASDAQ:PGY ) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Jency John – Head-Investor Relations Gal Krubiner – Chief Executive Officer Sanjiv Das – President Evangelos Perros – Chief Financial Officer Conference Call Participants John Hecht – Jefferies Joseph Vafi – Canaccord Genuity Michael Legg – Benchmark David Scharf – Citizens JMP Hal Goetsch – B.
A survey from Bankrate shows that 50% of loan applications are denied. Pagaya Technologies (PGY) aims to use AI tools to help boost the amount of approved loan applications for borrowers.
Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share.
Pagaya (PGY) is likely to have witnessed top and bottom-line growth in first-quarter 2024.
NEW YORK & TEL AVIV, Israel--(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 the Company's management team will participate in the following investor conferences: Oppenheimer 9th Annual Emerging Growth Conference Date: May 9, 2024 Location: Virtual Needham 19th Annual Technology, Media & Consumer Conference Date: May 14, 2024 Location: New York, NY Roth.
Pagaya Technologies Ltd. (PGY) reachead $9.77 at the closing of the latest trading day, reflecting a +0.41% change compared to its last close.
Pagaya Technologies Ltd. (PGY) has received quite a bit of attention from Zacks.com users lately.