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

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

Pagaya Technologies has announced the appointment of Evangelos Perros as its new Chief Financial Officer (CFO). This strategic move is aimed at strengthening the company's financial leadership as it continues to grow and expand its operations.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 1:02 pm

Pagaya Technologies LTD. (NASDAQ:PGY), a global technology company specializing in AI-driven financial solutions, has secured a $280M credit facility from top financial institutions including BlackRock, UBS O'Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank. This facility, aimed at supporting Pagaya's growth and extending its debt maturity to 2029, underscores the confidence these institutions have in Pagaya's business model and financial strategy. The company has also reported strong financial performance for 2023, with Network Volume exceeding $8.2 billion and Adjusted EBITDA over $75 million.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 1:36 pm

SoFi Technologies, Inc. reported Q4 earnings with revenue and EPS beating consensus estimates, causing its shares to rise 20%. Other stocks also moved higher, including Cardlytics after a settlement agreement and updated Q4 results, and McGrath RentCorp following an acquisition agreement with WillScot Mobile Mini. Various companies experienced stock gains due to upgrades, positive preliminary results, and recent earnings reports.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 3:31 pm

In Wednesday's after-market session, several information technology stocks experienced movement. Remark Holdings (MARK), SEALSQ (LAES), Peraso (PRSO), Inseego (INSG), WM Tech (MAPS), and MicroCloud Hologram (HOLO) saw gains, while GSE Systems (GVP), Kingsoft Cloud Holdings (KC), NVE (NVEC), Pagaya Technologies (PGY), and BIO-key International (BKYI) experienced declines. Notably, NVE's Q3 earnings report was released.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:31 pm

In Tuesday's intraday session, several IT stocks experienced significant movements. Phunware (PHUN) saw a massive increase of 268.9%, while DatChat (DATS) and SEALSQ (LAES) also posted strong gains. On the downside, Applied Digital (APLD) dropped 22.1% after Q2 earnings release, with Minim (MINM), Inuvo (INUV), The9 (NCTY), Porch Group (PRCH), and Nvni Group (NVNI) also experiencing declines.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:31 pm

Pagaya Technologies anticipates exceeding the high end of its 2023 network volume and adjusted EBITA outlook ranges, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:42 pm

Pagaya Technologies Ltd. has announced that its full-year 2023 network volume is expected to surpass the higher end of its previously forecasted range of $8 billion to $8.2 billion.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:29 pm

Pagaya Technologies anticipates that its preliminary 2023 network volume and adjusted ABITDA will surpass the upper limits of its forecasted ranges for the fiscal year 2023. This positive outlook suggests that the company is performing better than expected in terms of both network growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:24 pm

Pagaya Technologies has announced its intention to conduct a reverse stock split of its ordinary shares, expected to occur in Q1 2024. The proposed reverse split ratio will be in the range of 1-for-10 to 1-for-15. This corporate action is typically undertaken by companies aiming to boost their stock price by reducing the number of shares outstanding, which can also help them meet minimum share price requirements for stock exchanges.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:23 pm

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