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, Ltd. (NASDAQ:PGY) announced a CFO transition with Michael Kurlander stepping down to pursue an outside opportunity. Evangelos Perros, previously Deputy CFO, has been appointed as Interim CFO while the company searches for a permanent successor. Kurlander will remain in an advisory role through the end of the year to support the transition. The company has engaged an executive recruitment firm for the search. CEO Gal Krubiner praised Kurlander's contributions and expressed confidence in Perros's ability to achieve strategic and financial goals.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:48 am

Pagaya Technologies Ltd has raised its FY23 outlook for Network Volume, Total Revenue and Other Income, and Adjusted EBITDA. The company now expects its FY23 revenue to be between $800M and $825M, up from the previous estimate of $775M-$825M.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:14 am

Pagaya Technologies (NASDAQ:PGY) reported Q3 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.02) by 200 percent. This is a 200 percent increase from the same period last year. The company also reported quarterly sales of $211.76 million, beating the analyst consensus estimate of $198.30 million by 6.79 percent, a 3.83 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 11:03 am

Rithm Capital has partnered with Darwin Homes to form Adoor Property Management, LLC, a single-family rental management technology platform. The platform will utilize Darwin's technology to enhance resident experience and drive management efficiencies. Additionally, Pagaya has onboarded Rithm Capital to its network through its B2B2C rental product operated by Darwin.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:33 pm

Technology stocks are experiencing a rebound following a period of weakness. The stocks mentioned include ADBE, ICG, MLGO, PGY, VNET, and WRAP.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:54 pm

Several information technology stocks experienced significant movement in Friday's after-market session. HeartCore Enterprises, Actelis Networks, Pagaya Techs, Quantum Computing, Inpixon, and Wrap Technologies saw gains, while BIO-key Intl, Addvantage Technologies, Tempo Automation Holdings, Arqit Quantum, Marin Software, and WiSA Technologies experienced losses.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 9:31 pm

Despite a general fall in U.S. stocks, several companies recorded gains. Scholar Rock, Stride, GH Research, PROG Holdings, Anavex Life Sciences, John Bean Technologies, Pagaya Technologies, Deutsche Bank, The Gap, Lifezone Metals, Schnitzer Steel Industries, F5, Westinghouse Air Brake Technologies, Waste Management, General Dynamics, and Microsoft all saw their shares rise. The increases were due to various factors such as upgrades, strong quarterly results, and new partnerships.

Portfolio Pulse from Lisa Levin

October 25, 2023 | 3:29 pm

In Wednesday's pre-market session, several information technology stocks saw significant movement. Pagaya Techs, Alpine 4 Holdings, Powerbridge Technologies, Akerna, Remark Hldgs, and Mawson Infra Gr all saw their stocks rise, with Pagaya Techs leading the gainers with a 12.5% increase. On the other hand, Tempo Automation Holdings, Argo Blockchain, Rackspace Tech, Texas Instruments, Aurora Mobile, and Manhattan Associates all saw their stocks fall, with Tempo Automation Holdings leading the losers with a 9.4% decrease. Texas Instruments and Manhattan Associates both released their Q3 earnings reports yesterday.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:05 pm

Over the past 3 months, 8 analysts have published their opinion on Pagaya Techs (NASDAQ:PGY) stock. The average price target for the stock is $4.19, with a high of $6.00 and a low of $2.25. The average price target has increased by 81.39% over the past month.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

JMP Securities analyst David Scharf maintains a Market Outperform rating on Pagaya Techs (NASDAQ:PGY) but lowers the price target from $2.75 to $2.25.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:31 pm

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