Pagaya TechnologiesPGY
Market Cap: $882M
About: Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.
Employees: 712
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
175% more call options, than puts
Call options by funds: $15.9M | Put options by funds: $5.8M
95% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 19
42% more capital invested
Capital invested by funds: $214M [Q1] → $304M (+$89.5M) [Q2]
29% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 24
21% more funds holding
Funds holding: 85 [Q1] → 103 (+18) [Q2]
3.16% more ownership
Funds ownership: 37.73% [Q1] → 40.9% (+3.16%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
JMP Securities David Scharf 69% 1-year accuracy 37 / 54 met price target | 104%upside $25 | Market Outperform Reiterated | 3 Sept 2024 |
Benchmark Michael Legg 32% 1-year accuracy 14 / 44 met price target | 71%upside $21 | Buy Assumed | 26 Aug 2024 |
JMP Securities David Scharf 69% 1-year accuracy 37 / 54 met price target | 104%upside $25 | Market Outperform Reiterated | 12 Aug 2024 |
Wedbush David Chiaverini 65% 1-year accuracy 34 / 52 met price target | 6%upside $13 | Neutral Reiterated | 12 Aug 2024 |
Canaccord Genuity Joseph Vafi 44% 1-year accuracy 34 / 78 met price target | 242%upside $42 | Buy Maintained | 12 Aug 2024 |
Financial journalist opinion
Based on 8 articles about PGY published over the past 30 days