Pagaya Technologies Ltd. (PGY)
NASDAQ (CM) NASDAQ (CM) Primary 
CXA 
Pagaya: Unwarranted Sell Off
Pagaya Technologies originally fell over 30% after announcing a debt refinancing plan to save $30 million in annual interest expenses, improving cash flow. The market's reaction was irrational, likely due to concerns over potential shareholder dilution from $125+ million in exchangeable notes. The stock is cheap at 3.5x adjusted EBITDA targets, while the business continues to grow at a fast clip.
Pagaya Technologies Ltd. (PGY) Declines More Than Market: Some Information for Investors
Pagaya Technologies Ltd. (PGY) reachead $12.33 at the closing of the latest trading day, reflecting a -1.75% change compared to its last close.
Pagaya: Still Unloved, Misunderstood, And Dramatically Undervalued
Pagaya's valuation remains low both absolutely and relatively despite strong operational performance due to market sentiment and misconceptions about the fintech space in general, particularly subprime lending and its SPAC origins. The company has the potential to show significant growth in network volume in 2025, particularly in auto lending and POS, with new partnerships and improved AI models driving profitability. Recent achievements include a forward flow agreement, an AAA rating for ABS tranches, and reaching cash flow positive from operations.
Pagaya Q2 ER: Mixed Results With Impressive Outlook For 2025
Pagaya's Q2 results were mixed, with revenues and adjusted EBITDA above expectations but higher net losses. Important announcements include a $1 billion forward flow agreement with Castlelake and a partnership with a top 5 US bank. Losses from loans on the balance sheet are expected to decrease in the future, with Pagaya aiming to achieve profitability by 2025.
Pagaya Technologies Ltd. (PGY) Q2 2024 Earnings Call Transcript
Pagaya Technologies Ltd. (NASDAQ:PGY ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Jency John - Head of Investor Relations Gal Krubiner - Chief Executive Officer Sanjiv Das - President Evangelos Perros - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Joseph Vafi - Canaccord Genuity Peter Christiansen - Citi Timothy D'Agostino - B.
Pagaya Technologies Ltd. (PGY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Pagaya Technologies Ltd. (PGY) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Pagaya Technologies Ltd. (PGY) Q2 Earnings Lag Estimates
Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.20 per share.
Pagaya Layoffs 2024: What to Know About the Latest PGY Job Cuts
Pagaya (NASDAQ: PGY ) layoffs are a hot topic on Thursday after the technology company revealed plans to cut costs this year. Reports claim that the Pagaya layoffs will affect roughly 100 of the company's employees.
Why Pagaya Stock Jumped 21% in May
Pagaya reported another round of excellent earnings despite the high interest rate environment. It has taken some unusual actions lately that add some risk to the investing thesis.
Pagaya: Patience Should Pay Off
Pagaya Technologies Ltd. recently reported another strong quarter with 31% revenue growth. The AI lending tech platform faces constant funding requirements from bank partners, and recent internal capital raises hurt the stock. The stock trades at less than 5x adjusted EBITDA targets despite strong growth, with related fintechs out of favor due to the interest rate environment.
New Institutional And Technical Trends Bode Well For Pagaya
Institutional owners/shares have increased dramatically in the most recent quarter. Pagaya is addressing the market's concerns over its funding of risk-retention, and the overall percentage of its risk-retention assets. Pagaya's share price is clearly moving in conjunction with a traditional, short-term moving average, and may be on the cusp of a breakout.
