Pagaya TechnologiesPGY
PGY
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: 534
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
109% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 22
58% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 24
51% more call options, than puts
Call options by funds: $19.1M | Put options by funds: $12.6M
14% more funds holding
Funds holding: 103 [Q2] → 117 (+14) [Q3]
5.33% more ownership
Funds ownership: 42.23% [Q2] → 47.56% (+5.33%) [Q3]
5% less capital invested
Capital invested by funds: $314M [Q2] → $297M (-$16.6M) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11
23%
upside
Avg. target
$21
135%
upside
High target
$36
302%
upside
5 analyst ratings
4 positive
80%
1 neutral
20%
0 negative
0%
UBS Rayna Kumar 79% 1-year accuracy 15 / 19 met price target | 23%upside $11 | Neutral Maintained | 20 Dec 2024 |
Canaccord Genuity Joseph Vafi 70% 1-year accuracy 58 / 83 met price target | 179%upside $25 | Buy Maintained | 13 Nov 2024 |
Benchmark Michael Legg 46% 1-year accuracy 21 / 46 met price target | 135%upside $21 | Buy Reiterated | 16 Oct 2024 |
Oppenheimer Rayna Kumar 79% 1-year accuracy 15 / 19 met price target | 34%upside $12 | Outperform Initiated | 1 Oct 2024 |
B. Riley Securities Hal Goetsch 82% 1-year accuracy 23 / 28 met price target | 302%upside $36 | Buy Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 6 articles about PGY published over the past 30 days
Positive
Seeking Alpha
3 days ago
Pagaya Technologies: My Top Stock Pick For 2025
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.
Neutral
Business Wire
1 week ago
Pagaya Announces New $600 Million Consumer Loan ABS Deal, Underscoring Strong Momentum Ahead of 2025
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.
Positive
Zacks Investment Research
2 weeks ago
Wall Street Analysts See a 102.5% Upside in Pagaya Technologies Ltd. (PGY): Can the Stock Really Move This High?
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.
Neutral
Business Wire
2 weeks ago
Pagaya Expands Term Loan with Improved Terms and Additional Corporate Lending Partners
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 completion of its previously-announced $100 million term loan upsize, with an additional $28 million of funding provided by Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO). The two banks also funded a $15 million expansion of Pagaya's revolving credit facility. Addit.
Neutral
Business Wire
2 weeks ago
KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2024-11 and Pagaya AI Debt Trust 2024-11
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.
Positive
MarketBeat
2 weeks ago
4 AI-Powered Fintechs Revolutionizing the Future of Finance
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.
Negative
Seeking Alpha
1 month ago
Pagaya Technologies: I'm Still Bearish, Sell
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.
Positive
Zacks Investment Research
1 month ago
Wall Street Analysts Think Pagaya Technologies Ltd. (PGY) Could Surge 110.39%: Read This Before Placing a Bet
The mean of analysts' price targets for Pagaya Technologies Ltd. (PGY) points to an 110.4% upside in the stock.
Positive
Seeking Alpha
1 month ago
Pagaya Technologies: Completely Overdone
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%.
Neutral
Zacks Investment Research
1 month ago
Pagaya Technologies Ltd. (PGY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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.
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