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 6,831 funds
–
Analysts bullish %
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
73% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 22
70% more call options, than puts
Call options by funds: $23.1M | Put options by funds: $13.6M
14% more funds holding
Funds holding: 103 [Q2] → 117 (+14) [Q3]
5.55% more ownership
Funds ownership: 42.27% [Q2] → 47.82% (+5.55%) [Q3]
5% less capital invested
Capital invested by funds: $314M [Q2] → $299M (-$15M) [Q3]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11
19%
upside
Avg. target
$18
94%
upside
High target
$25
169%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
UBS Rayna Kumar 74% 1-year accuracy 14 / 19 met price target | 19%upside $11 | Neutral Maintained | 20 Dec 2024 |
Canaccord Genuity Joseph Vafi 57% 1-year accuracy 47 / 83 met price target | 169%upside $25 | Buy Maintained | 13 Nov 2024 |
Financial journalist opinion
Based on 6 articles about PGY published over the past 30 days
Neutral
Business Wire
2 days ago
Pagaya Closes $600 Million Consumer Loan ABS, Reflecting Strong Capital Markets Demand to Start the Year
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.
Neutral
Business Wire
2 days ago
KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2025-1 and Research-Driven Pagaya Motor Trust 2025-1
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.
Positive
Seeking Alpha
1 week ago
Pagaya: 2025 Will Be A Year Of Clarity, Strong Buy
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.
Neutral
Business Wire
1 week ago
Pagaya Announces Timing of Fourth Quarter 2024 Earnings Release
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its fourth quarter 2024 earnings on February 13, 2025. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IST. Details to register for the live webcast presentation will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the event. About Pagaya Technologies Pagaya (NA.
Neutral
Business Wire
1 week ago
KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2025-1 and Pagaya AI Debt Trust 2025-1
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.
Positive
Zacks Investment Research
4 weeks ago
All You Need to Know About Pagaya Technologies Ltd. (PGY) Rating Upgrade to Buy
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).
Negative
Seeking Alpha
1 month ago
Pagaya: Worth The Risk? Waiting Until 2025
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.
Neutral
Business Wire
1 month ago
Pagaya Announces Appointment of Two Fintech Veterans as Independent Directors to its Board
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.
Positive
Seeking Alpha
1 month 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 month 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.
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