Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
21 April 2021Website:
http://pagaya.comNext earnings report:
12 November 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:14:40 GMTDividend
Analysts recommendations
Institutional Ownership
PGY Latest News
The latest trading day saw Pagaya Technologies Ltd. (PGY) settling at $11.68, representing a +1.39% change from its previous close.
This disruptive tech stock is making waves in the financial industry.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to nine classes of notes issued by Pagaya AI Debt Grantor Trust 2024-10 and Pagaya AI Debt Trust 2024-10 (collectively “PAID 2024-10”), an unsecured consumer loan ABS transaction. PAID 2024-10 has initial hard credit enhancement levels of 71.28% for the Class A Notes to 2.51% 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.
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-3 and Research-Driven Pagaya Motor Trust 2024-3 (collectively “RPM 2024-3”), an auto loan ABS transaction. RPM 2024-3 has initial credit enhancement levels of 45.05% 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.
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its third quarter 2024 earnings on November 12, 2024. 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 (NAS.
Pagaya Technologies Ltd. (PGY) witnessed a jump in share price last session on above-average trading volume.
Pagaya Technologies originally fell over 30% after announcing a debt refinancing plan to save $30 million in annual interest expenses, improving cash flow. The market's reaction was irrational, likely due to concerns over potential shareholder dilution from $125+ million in exchangeable notes. The stock is cheap at 3.5x adjusted EBITDA targets, while the business continues to grow at a fast clip.
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 that its wholly owned subsidiary, Pagaya US Holding Company LLC (“Pagaya US”), intends to offer, subject to market and other conditions, $125 million aggregate principal amount of exchangeable senior notes due 2029 (the “notes”) in a private offering to persons reasonably believed to be qual.
Pagaya Technologies Ltd. (PGY) reachead $12.33 at the closing of the latest trading day, reflecting a -1.75% change compared to its last close.
Pagaya's valuation remains low both absolutely and relatively despite strong operational performance due to market sentiment and misconceptions about the fintech space in general, particularly subprime lending and its SPAC origins. The company has the potential to show significant growth in network volume in 2025, particularly in auto lending and POS, with new partnerships and improved AI models driving profitability. Recent achievements include a forward flow agreement, an AAA rating for ABS tranches, and reaching cash flow positive from operations.
What type of business is Pagaya Technologies?
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally. The company develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its partners include high-growth financial technology companies, incumbent banks and financial institutions, auto finance providers, and residential real estate service providers. Pagaya Technologies Ltd. was incorporated in 2016 and is headquartered in New York, New York.
What sector is Pagaya Technologies in?
Pagaya Technologies is in the Technology sector
What industry is Pagaya Technologies in?
Pagaya Technologies is in the Software Infrastructure industry
What country is Pagaya Technologies from?
Pagaya Technologies is headquartered in United States
When did Pagaya Technologies go public?
Pagaya Technologies initial public offering (IPO) was on 21 April 2021
What is Pagaya Technologies website?
https://pagaya.com
Is Pagaya Technologies in the S&P 500?
No, Pagaya Technologies is not included in the S&P 500 index
Is Pagaya Technologies in the NASDAQ 100?
No, Pagaya Technologies is not included in the NASDAQ 100 index
Is Pagaya Technologies in the Dow Jones?
No, Pagaya Technologies is not included in the Dow Jones index
When was Pagaya Technologies the previous earnings report?
No data
When does Pagaya Technologies earnings report?
The next expected earnings date for Pagaya Technologies is 12 November 2024