Streetbeat News

PGY

Pagaya Technologies Ltd.

https://www.pagaya.com

Industry

Software - Infrastructure

Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and the Cayman Islands. It 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 financial institutions, auto finance providers, and brokers. The company was founded in 2016 and is headquartered in Tel Aviv, Israel.

Open

9.49

Mkt cap

642M

Volume

3.7M

High

9.52

P/E Ratio

-4.74

52-wk high

20.51

Low

8.66

Div yield

N/A

52-wk low

8.56

Pagaya Technologies is considered overvalued due to minimal free cash flow and a balance sheet with restrictions, making it a sell recommendation. Despite revenue growth, the increase in share count raises concerns about its true value.

Portfolio Pulse from

November 14, 2024 | 6:00 pm

Wall Street analysts have set a mean price target for Pagaya Technologies Ltd. (PGY) that suggests a potential upside of 110.4% for the stock.

Portfolio Pulse from

November 13, 2024 | 4:15 pm

Pagaya Technologies Ltd., a fintech 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, the company achieved a record adjusted EBITDA of $56 million with a margin of 21.8%.

Portfolio Pulse from

November 12, 2024 | 5:45 pm

Pagaya Technologies Ltd. (PGY) released its Q3 earnings, providing insights into its performance for the quarter ending September 2024. The focus is on comparing key metrics against Wall Street estimates and previous year values.

Portfolio Pulse from

November 12, 2024 | 4:15 pm

Pagaya Technologies Ltd. (PGY) reported Q3 earnings of $0.44 per share, surpassing the Zacks Consensus Estimate of $0.25 per share.

Portfolio Pulse from

November 12, 2024 | 3:00 pm

Pagaya Technologies Ltd. (NASDAQ: PGY) announced strong financial results for the third quarter and nine months ended 2024, emphasizing profitable and sustainable growth.

Portfolio Pulse from

November 12, 2024 | 12:30 pm

Pagaya Technologies Ltd. (PGY) experienced a significant 12.4% increase in its stock price during the last trading session, accompanied by higher than average trading volume.

Portfolio Pulse from

November 11, 2024 | 6:00 pm

Pagaya Technologies Ltd. (PGY) is highlighted as a strong momentum stock that is still trading at reasonable prices, making it an attractive option for value investors.

Portfolio Pulse from

November 07, 2024 | 3:00 pm

Pagaya Technologies LTD. (NASDAQ: PGY) has successfully raised $1 billion through two new ABS deals, indicating strong demand in capital markets. This includes their fourth AAA-rated personal loan ABS and first AA-rated auto ABS, with participation from 28 investors.

Portfolio Pulse from

November 06, 2024 | 1:45 pm

Several information technology stocks experienced significant price movements during Monday's after-market session. Notable gainers included Cemtrex, F5, Harmonic, Cadence Design Systems, Agilysys, and Mitek Systems, with F5, Harmonic, Cadence Design Systems, and Agilysys reporting earnings. On the losing side, Amkor Technology, SMX, Saiheat, Brand Engagement Network, Pagaya Technologies, and Akoustis Technologies saw declines, with Amkor Technology reporting earnings.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 8:30 pm

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