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

12.32

Mkt cap

947M

Volume

1.3M

High

13.17

P/E Ratio

-6.50

52-wk high

20.51

Low

12.17

Div yield

N/A

52-wk low

8.56

In Thursday's pre-market session, several information technology stocks showed significant movement. AppLovin and HubSpot were among the gainers, with their stocks rising by 15.1% and 8.8% respectively, following their Q1 earnings reports. NOVONIX, Pagaya Techs, XIAO-I, and CISO Global also saw upward movements. On the downside, EMCORE, Cerence, EPAM Systems, X3 Holdings, Allegro Microsystems, and PAR Technology experienced declines, with EMCORE dropping by 38.6% after its Q2 earnings report. The movements were largely earnings-driven.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 12:06 pm

Pagaya Technologies has provided a revenue outlook for Q2, estimating revenues to be between $235 million and $245 million, closely aligning with the analyst estimate of $236.96 million.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:19 am

Pagaya Technologies has reaffirmed its revenue forecast for FY2024, projecting revenues to be in the range of $925 million to $1.05 billion, compared to the estimated $976.24 million by analysts.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:18 am

Pagaya Technologies (NASDAQ:PGY) reported Q1 2024 earnings of $0.20 per share, surpassing the $(0.04) estimate, marking a 600% beat and a 205.26% increase from last year's losses. Sales reached $245.276M, exceeding the $225.965M estimate by 8.55% and showing a 31.42% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:11 am

Pagaya Technologies Ltd. (NASDAQ:PGY), a global technology company specializing in AI-driven financial solutions, announced the formation of a strategic Advisory Board chaired by Tami Rosen, who also transitions to Chief Development Officer. Rosen's role will focus on fostering strategic partnerships and connections to support Pagaya's growth and competitive advantage in the financial ecosystem. Rosen, with a notable career at companies like Apple and Goldman Sachs, aims to leverage her experience to drive innovation and long-term growth at Pagaya.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:41 pm

JMP Securities analyst David Scharf has maintained a Market Outperform rating on Pagaya Technologies (NASDAQ:PGY) but has lowered the price target from $30 to $25.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 1:18 pm

Lifecore Biomedical's shares plummeted by 31.7% after announcing the conclusion of its strategic evaluation process, management changes, and board reshuffling. Other stocks experienced significant movements, with gainers like ETAO International and XTL Biopharmaceuticals seeing sharp increases due to a reverse stock split and acquisition news, respectively. Losers included NuScale Power Corporation, which dropped 28% following a downgrade by Wells Fargo, and Ontrak, Inc., which fell 26% after a previous day's surge.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:03 pm

Sportradar Group AG (NASDAQ:SRAD) reported better-than-expected Q4 results, with earnings of 8 cents per share against estimates of 4 cents, and sales of $271.88 million versus expectations of $271.46 million. The company also announced a $200 million share repurchase program, leading to a 10.7% rise in its shares. Other stocks like Annovis Bio, Taysha Gene Therapies, and Kingsoft Cloud also saw significant gains due to various positive developments.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 3:41 pm

Wedbush analyst David Chiaverini has maintained a Neutral rating on Pagaya Technologies (NASDAQ:PGY) and lowered the price target from $18 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 1:39 pm

In Thursday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included NextTrip, Turtle Beach, Presto Automation, Veritone, Minim, and Bit Origin, with increases ranging from 15.38% to 33.4%. On the losing side, Pagaya Techs, CXApp, XTI Aerospace, NextNav, SentinelOne, and Argo Blockchain saw declines between 14.33% and 21.7%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

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