Pagaya Technologies Ltd. (PGY)
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Pagaya Technologies Ltd. (PGY) Q4 2024 Earnings Call Transcript
Pagaya Technologies Ltd. (NASDAQ:PGY ) Q4 2024 Results Conference Call February 13, 2025 8:30 AM ET Company Participants Josh Fagen - Head of Investor Relations Gal Krubiner - Chief Executive Officer Sanjiv Das - President Evangelos Perros - Chief Financial Officer Conference Call Participants John Hecht - Jefferies David Scharf - Citizens JMP Steven Kwok - KBW Pete Christiansen - Citi Joseph Vafi - Canaccord Genuity Operator Ladies and gentlemen, greetings, and welcome to the Pagaya Technologies' Fourth Quarter and Full Year 2024 Earnings Conference Call.
Pagaya Technologies' Revenue Jumps 28%
Pagaya Technologies (PGY 22.84%), a leader in AI-powered financial technology solutions, released its fourth-quarter results on Feb. 13. The company reported non-GAAP EPS of $0.17, far exceeding the consensus estimate for a loss of $0.52 per share.
Pagaya Technologies Ltd. (PGY) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Pagaya Technologies Ltd. (PGY) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Why Pagaya Technologies Stock Plummeted by 13% on Tuesday
A short-seller ripped into Pagaya Technologies (PGY -13.03%) in a report published on Tuesday, and the market reacted accordingly. The document raised enough concern to generate an investor sell-off, with the stock closing 13% lower as a result.
Why Pagaya Technologies Blasted 13% Higher Today
There was some encouraging news about Pagaya Technologies (PGY 12.92%) on Friday, and this boosted the value of the tech company's stock. It rose by almost 13% in value on a recommendation change from an analyst, and that performance served as quite a positive contrast to the nearly 1% dip of the S&P 500 index on the day.
Pagaya Technologies Ltd. (PGY) Surges 5.9%: Is This an Indication of Further Gains?
Pagaya Technologies Ltd. (PGY) witnessed a jump in share price last session on above-average trading volume.
Pagaya Technologies Ltd. (PGY) Earnings Expected to Grow: Should You Buy?
Pagaya Technologies Ltd. (PGY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report.
Pagaya: 2025 Will Be A Year Of Clarity, Strong Buy
With its unique investor network, Pagaya is all set to scale its business by approving more loans through its lending partners. Even with the most conservative valuation of its share price, Pagaya remains significantly undervalued. The bearish market stems from Pagaya's issues with credit impairments. Something that management say will improve going forward.
All You Need to Know About Pagaya Technologies Ltd. (PGY) Rating Upgrade to Buy
Pagaya Technologies Ltd. (PGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Pagaya: Worth The Risk? Waiting Until 2025
Pagaya Technologies leverages AI and machine learning to improve loan decision-making, aiming to enhance lender's customer acquisition and underwriting accuracy. Despite strong Q3 results, concerns remain due to significant impairment charges, weak Q4 guidance, and potential growth deceleration in 2025. The stock's valuation is cheap but justified given ongoing impairments, high delinquency rates, and uncertain profitability path, warranting a cautious stance.
Pagaya Technologies: My Top Stock Pick For 2025
Artificial intelligence is driving US equity markets, with application companies like Pagaya poised to benefit significantly, similar to the Internet revolution. Despite credit losses and geopolitical tensions, Pagaya is progressing towards GAAP profitability, with strong partnerships and market expansion set to fuel future growth. Pagaya is an absolute and relative bargain, presenting a compelling long-term investment opportunity compared to its peers.
Wall Street Analysts See a 102.5% Upside in Pagaya Technologies Ltd. (PGY): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 102.5% in Pagaya Technologies Ltd. (PGY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
