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.
IPO Year:
Exchange: NASDAQ
Website: https://www.pagaya.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/20/2024 | $11.00 | Neutral | UBS |
10/1/2024 | $12.00 | Outperform | Oppenheimer |
8/26/2024 | $21.00 | Buy | The Benchmark Company |
6/17/2024 | $23.00 | Outperform | Keefe Bruyette |
5/24/2024 | $14.00 | Neutral | Citigroup |
12/14/2023 | $2.50 | Buy | Jefferies |
8/28/2023 | $2.75 | Mkt Outperform | JMP Securities |
7/27/2023 | $4.00 | Buy | B. Riley Securities |
4/26/2023 | $2.00 | Buy | The Benchmark Company |
2/16/2023 | $1.50 → $3.00 | Hold → Buy | Canaccord Genuity |
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Joining the Board of Directors: Asheet Mehta, Former Senior Partner at McKinsey & Company and Former Co-Lead of the Firm's Global Financial Services Practice Alison Davis, Former CFO of Barclays Global Investors with experience as a member of 25 boards, including Fiserv, First Data Corp, City National Bank, Janus Henderson and Kraken Pagaya Technologies Ltd. ("Pagaya") (NASDAQ:PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today the appointment of two new independent directors to the Company's Board of Directors - Asheet Mehta and Alison Davis. "We are pleased to welcome Asheet Mehta and Alison Davis to P
Closes $600 million AAA-Rated Personal Loan ABS deal and prices $100 million Personal Loan pass-through transaction Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a $600 million AAA-rated personal loan ABS transaction (PAID 2024-11) and expects to close an additional $100 million pass-through transaction (PT 2024-2) next week. A total of 29 unique investors participated across these two new transactions, the majority of which were repeat investors. Additionally, PAID 2024-11 was substantially oversubscribed and upsized from its original size
New long-term partners BMO and CIBC funded incremental term loan upsize of $28 million and an additional $15 million revolver commitment Final step of previously-announced balance sheet optimization is expected to create substantial interest expense savings and enhance liquidity while de-risking capital structure Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the completion of its previously-announced $100 million term loan upsize, with an additional $28 million of funding provided by Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO). The
Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the third quarter and nine months ended 2024. For additional information, view Pagaya's third quarter 2024 letter to shareholders here. "We delivered another set of strong results, with a laser-focus on profitable, sustainable growth," said Gal Krubiner, co-founder and CEO of Pagaya Technologies. "With successful execution of our 2024 strategy, we are well on the way to reaching GAAP profitability and cash flow generation during 2025. We have built a franchise that we beli
$800 Million AAA-Rated Personal Loan and $200 Million AA-Rated Auto Loan Asset Backed Securitizations, with $5.5 Billion raised across all ABS transactions year-to-date Pagaya remains the #1 personal loan ABS issuer in the U.S. Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of PAID 2024-10 and RPM 2024-3, totaling $1 billion in size across both deals. This represents the Company's fourth AAA-rated personal loan ABS transaction and its first AA-rated auto ABS transaction. A total of 28 unique investors participated across these two transactions
Pagaya Technologies Ltd. ("Pagaya" or the "Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that the Company's management team will participate in the following investor conferences: Citizens JMP Financial Services Conference Date: November 12, 2024 Location: New York, NY KBW Fintech Conference Date: November 14, 2024 Location: New York, NY Wedbush Disruptive Finance Conference Date: November 22, 2024 Location: Virtual Webcast replays from presentations at select events will be available on the Events page of the Pagaya investor relations website at https://investor.pagaya.com/ for a limited time. About Pagaya P
On a combined basis, the company now has access to more than $3 billion of fund capital to support strong investor demand Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the completion of its acquisition of Theorem Technology, Inc. ("Theorem"), a machine-learning underwriting technology company that has powered billions of dollars of credit across its network since its founding in 2014. With a combined credit fund platform exceeding $3 billion in AUM, the transaction is expected to further strengthen Pagaya's market-leading capabilities, diversify its funding
Pagaya Technologies (NASDAQ:PGY) intends to announce its third quarter 2024 earnings on November 12, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IST. Details to register for the live webcast presentation will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the event. About Pagaya Technologies Pagaya (NASDAQ:PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network
Industry experts to discuss the trends that are catapulting change in consumer lending, and the importance of the expanding ecosystem of private capital, fintechs and lenders in fueling a revolution to meet the lending needs of consumers Pagaya CEO Gal Krubiner will moderate a rich discussion with Citi Retail Services' Head of Connected Commerce and Strategic Growth Terry O'Neil, Jefferies Global Investment Banking Co-Head Andrea Lee, and Milken Institute Fintech Director Nicole Valentine on stage at the Money20/20 conference in Las Vegas on Tuesday, October 29 at 10:05 AM local time. A convergence of factors including the rapid evolution of AI, widespread deployment of embedded payment p
LendingClub to leverage Tally's credit management solutions to benefit the bank's 5 million members Pagaya adds Tally's B2B credit management solution to its product suite offering for its over 30 lending partners LendingClub Corporation (NYSE:LC), operator of America's leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ:PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Tally's innovative technology simplifies credit card management, helping users optimize payments, reduce interest, and improve c
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UBS resumed coverage of Pagaya with a rating of Neutral and set a new price target of $11.00
Oppenheimer initiated coverage of Pagaya with a rating of Outperform and set a new price target of $12.00
The Benchmark Company resumed coverage of Pagaya with a rating of Buy and set a new price target of $21.00
Keefe Bruyette initiated coverage of Pagaya with a rating of Outperform and set a new price target of $23.00
Citigroup initiated coverage of Pagaya with a rating of Neutral and set a new price target of $14.00
Jefferies initiated coverage of Pagaya with a rating of Buy and set a new price target of $2.50
JMP Securities initiated coverage of Pagaya with a rating of Mkt Outperform and set a new price target of $2.75
B. Riley Securities initiated coverage of Pagaya with a rating of Buy and set a new price target of $4.00
The Benchmark Company initiated coverage of Pagaya with a rating of Buy and set a new price target of $2.00
Canaccord Genuity upgraded Pagaya from Hold to Buy and set a new price target of $3.00 from $1.50 previously
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Joining the Board of Directors: Asheet Mehta, Former Senior Partner at McKinsey & Company and Former Co-Lead of the Firm's Global Financial Services Practice Alison Davis, Former CFO of Barclays Global Investors with experience as a member of 25 boards, including Fiserv, First Data Corp, City National Bank, Janus Henderson and Kraken Pagaya Technologies Ltd. ("Pagaya") (NASDAQ:PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today the appointment of two new independent directors to the Company's Board of Directors - Asheet Mehta and Alison Davis. "We are pleased to welcome Asheet Mehta and Alison Davis to P
On a combined basis, the company now has access to more than $3 billion of fund capital to support strong investor demand Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the completion of its acquisition of Theorem Technology, Inc. ("Theorem"), a machine-learning underwriting technology company that has powered billions of dollars of credit across its network since its founding in 2014. With a combined credit fund platform exceeding $3 billion in AUM, the transaction is expected to further strengthen Pagaya's market-leading capabilities, diversify its funding
With 25+ years of experience across financial services and investor relations, Fagen, formerly of SoFi and Citadel, joins Pagaya to expand their investor relations capabilities and amplify the company's strong financial performance to date Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the appointment of Josh Fagen, CFA, as Head of Investor Relations and COO of Finance. In this role, Fagen will oversee investor and analyst relations and finance team operations, leading the company's engagement with the equity investor community and Pagaya's key strategic finan
With 25+ years of experience in global banking and financial services, Raj brings a wealth of expertise in risk management Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today named Rajinder (Raj) Singh as Chief Risk Officer. In this role, he will oversee all aspects of risk management, ensuring profitable, responsible, and continuous growth for Pagaya. "We are thrilled to welcome Raj to our team as our Chief Risk Officer. With deep regulatory experience, coupled with a proven track record across multiple asset classes, his expertise and leadership will be instrumental as
Industry veteran with more than 25 years of experience further strengthens Pagaya's executive leadership team and deepens capital markets, monetization, and operational expertise Pagaya Technologies LTD. (NASDAQ:PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the appointment of Ralph L. Leung as Chief Operating Officer and Chief Commercial Officer, as it continues to strategically enhance its AI-driven network and product suite to be the premier consumer credit technology solution for the banking ecosystem. In this newly created role, Leung will lead Pagaya's best-in-class capital markets f
Pagaya Technologies Ltd. ("Pagaya") (NASDAQ:PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that as part of the annual reconstitution of the Russell stock indexes, Pagaya is set to join the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of US equity markets on Monday, July 1st. A preliminary list of Russell 3000® Index additions, including Pagaya, was posted by FTSE Russell on May 24, 2024. Annual Russell index reconstitution captures coverage of up to 4,000 of the largest US stocks by total market capitalization as of the reconstitution rank date. FTSE Russell determines membership
Two Harbors Investment Corp. (NYSE:TWO), an MSR + Agency RMBS real estate investment trust, today announced the appointment of Sanjiv Das to the company's Board of Directors, effective immediately. Mr. Das has extensive experience in the mortgage industry and currently serves as President of Pagaya Technologies Ltd. (NASDAQ:PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem. "I am very pleased to announce the appointment of Sanjiv to our Board of Directors," stated Stephen G. Kasnet, Chairman of the Board of Directors for Two Harbors. "Sanjiv's depth of experience in mortgage finance, consumer understanding and thought leadershi
SAN JOSE, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Noname Security, provider of the most complete API security platform, today announced the promotion of Michael Baker to President and the appointment of Yuval Barkan as Chief Product Officer. This news follows the December 2023 appointments of Yossi Dagan as Chief Financial Officer (CFO), Einat Idan as Chief of Staff, and Arie Sholomon as Vice President of Research and Development (R&D) to the executive team. In his role, Baker will continue to drive Noname's customer acquisition, expansion and success efforts across the globe. Barkan will spearhead product innovation and technology advancements to meet growing demands for API security.
Premier auto finance company to utilize Pagaya's auto credit-decisioning product across their national network of 13,000+ auto dealers Pagaya Technologies Ltd. (NASDAQ:PGY) (the "Company" or "Pagaya"), a global technology company delivering AI-driven product solutions for the financial ecosystem, has announced a partnership with Exeter Finance, a premier auto finance company delivering financing solutions for over a million customers, across more than 13,000 dealerships. By integrating Pagaya's AI-driven auto product, which includes access to fully automated credit decisioning technology and real-time funding of loans originated, Exeter can help auto dealerships in its network sell more
Pagaya Technologies Ltd. ("Pagaya") (NASDAQ:PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the appointment of Nicole Torraco to its Board of Directors earlier this month. "Nicole brings 20 years of experience in M&A, investment and risk management, and corporate strategy to Pagaya's board as we execute on our next phase of growth," said Gal Krubiner, co-Founder and CEO of Pagaya. "As we continue to scale our lending network and product offerings, Nicole's expertise and passion for innovative technology solutions and product development makes her an invaluable asset to Pagaya, and we are pleased to welcome her as we con
Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the third quarter and nine months ended 2024. For additional information, view Pagaya's third quarter 2024 letter to shareholders here. "We delivered another set of strong results, with a laser-focus on profitable, sustainable growth," said Gal Krubiner, co-founder and CEO of Pagaya Technologies. "With successful execution of our 2024 strategy, we are well on the way to reaching GAAP profitability and cash flow generation during 2025. We have built a franchise that we beli
Pagaya Technologies (NASDAQ:PGY) intends to announce its third quarter 2024 earnings on November 12, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IST. Details to register for the live webcast presentation will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the event. About Pagaya Technologies Pagaya (NASDAQ:PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network
Record Total Revenue, FRLPC and Adjusted EBITDA, raising full-year outlook Signed our first forward flow agreement for $1 billion New enterprise partnership with OneMain Financial and onboarding a new top 5 bank to our network First AAA rating on personal loan ABS program, reflecting stable performance and scale Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the second quarter and the first half of 2024. For additional information, view Pagaya's second quarter 2024 letter to shareholders here. "We set ambi
Pagaya Technologies (NASDAQ:PGY) intends to announce its second quarter 2024 earnings on August 9, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IDT. Details to register for the live webcast presentation will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the event. About Pagaya Technologies Pagaya (NASDAQ:PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network
Delivered another record quarter, exceeding guidance on all metrics: Record Network Volume of $2.42 billion Record Total Revenue and Other Income of $245 million Record Adjusted EBITDA of $40 million Onboarding a bank partner in our point-of-sale product Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the quarter ending March 31, 2024. For additional information, view Pagaya's first quarter 2024 letter to shareholders here. "Disciplined execution drove another record quarter across our key metrics. We
Pagaya Technologies (NASDAQ:PGY) intends to announce its first quarter 2024 earnings on May 9, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IDT. Details to register for the live webcast presentation will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the event. About Pagaya Technologies Pagaya (NASDAQ:PGY) is a global technology company making life-changing financial products and services available to more people nationwide. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides comprehe
Record Network Volume of $2.4 billion in 4Q'23 and $8.3 billion in FY'23 Record Total Revenue and Other Income of $218 million in 4Q'23 and $812 million in FY'23 Record Adjusted EBITDA of $34 million in 4Q'23 and $82 million in FY'23 Company provides first quarter and full year 2024 financial outlook Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the fourth quarter and full year 2023.1 For additional information, view Pagaya's fourth quarter 2023 letter to shareholders here. "We delivered record fourth qua
Pagaya Technologies (NASDAQ:PGY) intends to announce its fourth quarter 2023 earnings on February 21, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IDT. Details to register for the live webcast presentation and dial-in information will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the event. About Pagaya Technologies Pagaya (NASDAQ:PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine l
Announces intent to elect to voluntarily file on U.S. domestic issuer forms with the SEC beginning with its Q1 2024 results and establish its global headquarters in New York City Announces plans for a reverse split of its ordinary shares expected in Q1 2024, approved by its Board of Directors for a range between 1-for-10 to 1-for-15, subject to shareholder approval Expects preliminary full-year 2023 Network Volume and Adjusted EBITDA to exceed the high end of full-year 2023 outlook ranges, and expects preliminary Total Revenue and Other Income to be in line with full-year 2023 outlook range Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technolog
Exceeded third quarter guidance on all metrics: Record Network Volume of $2.1 billion Record Total Revenue and Other Income of $211.8 million Record Adjusted EBITDA of $28.3 million Announced new partner integrations, including a top 5 bank in the U.S. by total assets and a top 4 OEM auto captive by U.S. vehicle sales Raises outlook for full-year 2023 Network Volume, Total Revenue and Other Income and Adjusted EBITDA Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the third quarter and nine months ended Sep
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