Pagaya TechnologiesNASDAQ: PGY

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-7 and Pagaya AI Debt Trust 2024-7 (collectively “PAID 2024-7”), a consumer loan ABS transaction. PAID 2024-7 has initial hard credit enhancement levels of 61.05% for the Class A Notes to 5.90% for the Class E Notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account funded at closing, and excess spre.

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 the Company is executing initiatives to drive enhanced profitability and achieve its goal of reaching positive net cash flow, by further streamlining its operations and accelerating its key growth priorities. The Company anticipates these initiatives, which include a workforce reduction.

NEW YORK--(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: TD Cowen Financial Services & Fintech Summit Date: June 7, 2024 Location: Virtual Morgan Stanley US Financials, Payments and CRE Conference Date: June 10, 2024 Location: New York, NY Mizuho Technology Conference.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that as part of the annual reconstitution of the Russell stock indexes, Pagaya is set to join the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of US equity markets on Monday, July 1st. A preliminary list of Russell 3000® Index additions, including Pagaya, was posted by.

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.

Pagaya Technologies Ltd., a global technology company providing AI-driven financial product solutions, will be represented by its management team at upcoming investor conferences: the Oppenheimer 9th Annual Emerging Growth Conference on May 9, 2024 (virtual) and the Needham 19th Annual Technology, Media & Consumer Conference on May 14, 2024 (New York, NY).

Pagaya Technologies Ltd. (PGY) closed at $9.77 on the most recent trading day, showing a 0.41% increase from its previous closing price.

Pagaya Technologies Ltd. (PGY) has been generating a lot of interest among Zacks.com users recently.

Pagaya Technologies Ltd. (PGY) ended the latest trading session at $9.41, showing a 1.84% increase from the previous day.