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 |
|---|---|---|---|
| 2/7/2025 | $13.00 → $14.50 | Neutral → Buy | Citigroup |
| 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 |
Reported strong performance across key metrics: Net income attributable to Pagaya shareholders of $8 million; up $29 million YoY Record Adjusted EBITDA of $80 million; up 100% YoY Record total revenue and other income of $290 million; up 18% YoY Company raises full-year guidance for Total Revenue, GAAP Net 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 quarter ending March 31, 2025. For additional information, view Pagaya's first quarter 2025 letter to shareholders here. "Pagay
Pagaya Technologies (NASDAQ:PGY) intends to announce its first quarter 2025 earnings on May 7, 2025. 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 and a
Reported results exceed all previously guided operational metrics Company initiates guidance on GAAP profitability for the full year 2025; expects to be GAAP Net Income profitable in 2nd quarter of 2025 Fair market value of investment portfolio marked down by $156 million, with $229 million of credit-related impairments and a positive reclassification of $79 million in Other Comprehensive Income, net of non-controlling interests Company does not expect investments from 2021-2023 vintages to have a material impact on its performance going forward Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligenc
Pagaya Technologies (NASDAQ:PGY) intends to announce its fourth quarter 2024 earnings on February 13, 2025. 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 net
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
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Pagaya Technologies Ltd. ("Pagaya" or the "Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company's management team will participate in the following investor conferences: Benchmark Virtual FinTech Conference Date: June 5, 2025 Location: Virtual Morgan Stanley US Financials, Payments, CRE Conference Date: June 10, 2025 Location: New York, NY Mizuho Tech Conference Date: June 11, 2025 Location: New York, NY About Pagaya 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 ec
Pagaya's POS product and leading ABS funding capabilities are in growing demand from POS lenders to strengthen merchant satisfaction and activation Inaugural POSH 2025-1 transaction is AAA-Rated by KBRA and establishes flexible funding capacity to scale $1 billion+ in POS originations 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 launch of POSH (Pagaya Point of Sale Holdings Trust), a new asset-backed revolving securitization program focused on point-of-sale financing ("POS"), which will enable Pagaya to be a growth catalyst for point-of-sale provider
Reported strong performance across key metrics: Net income attributable to Pagaya shareholders of $8 million; up $29 million YoY Record Adjusted EBITDA of $80 million; up 100% YoY Record total revenue and other income of $290 million; up 18% YoY Company raises full-year guidance for Total Revenue, GAAP Net 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 quarter ending March 31, 2025. For additional information, view Pagaya's first quarter 2025 letter to shareholders here. "Pagay
Naik, formerly of Pagaya and Goldman Sachs, joins Capitolis as the firm is gearing up for its next phase of growth and expansion Capitolis, the financial technology company, today announced the appointment of Amol Naik as Chief Operating Officer (COO), effective May 5. Reporting to Gil Mandelzis, Founder and Chief Executive Officer of Capitolis, Naik will be responsible for managing the company's day-to-day operations, driving company-wide execution against the firm's business strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506062637/en/Capitolis Appoints Amol Naik as Chief Operating Officer Naik is a seasoned financ
Pagaya Technologies Ltd. ("Pagaya" or the "Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company's management team will participate in the following investor conferences: Oppenheimer 26th Annual Israeli Conference Date: May 18-20, 2025 Location: Tel Aviv, Israel Barclays Emerging Payments and FinTech Forum Date: May 19, 2025 Location: New York, NY B. Riley 25th Annual Investor Conference Date: May 21, 2025 Location: Marina del Rey, CA About Pagaya Pagaya (NASDAQ:PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes
More than $1 billion raised across all funding sources in April, with attractive execution in ABS transactions 9th consecutive AAA-Rated Personal Loan ABS transaction was oversubscribed with 32 unique investors 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 new $500 million AAA-rated personal loan ABS transaction (PAID 2025-3), with a total of ~$800 million raised in the past 3 days across all ABS transactions. Pagaya's track record of consistently delivering for investors has made it a trusted provider of consumer credit investment oppor
Pagaya Technologies (NASDAQ:PGY) intends to announce its first quarter 2025 earnings on May 7, 2025. 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 and a
Pagaya prices second ~$300 Million Auto ABS deal of 2025, larger than any executed in 2024, despite market volatility More than $3 billion of expected capital raised year-to-date to fund all asset classes in Pagaya's ABS and forward-flow programs 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 pricing of a new $295 million AA-rated auto loan ABS transaction (RPM 2025-2). Amid market volatility, investors continue to seek high-quality assets with attractive yields. Pagaya's seasoned RPM shelf, now in its sixth year, continues to be a trusted source of co
8th consecutive AAA-Rated Personal Loan ABS transaction Pagaya remains the #1 ABS issuer of personal loans 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 a $500 million AAA-rated personal loan ABS transaction (PAID 2025-2). Since 2018, Pagaya has raised over $27 billion across 67 ABS transactions to fund loan originations across multiple products, including personal loan and auto. "As the leading ABS issuer of personal loans in the US, and with our AAA-rated transactions, we continue to see demand from investors who appreciate
Reported results exceed all previously guided operational metrics Company initiates guidance on GAAP profitability for the full year 2025; expects to be GAAP Net Income profitable in 2nd quarter of 2025 Fair market value of investment portfolio marked down by $156 million, with $229 million of credit-related impairments and a positive reclassification of $79 million in Other Comprehensive Income, net of non-controlling interests Company does not expect investments from 2021-2023 vintages to have a material impact on its performance going forward Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligenc
Citigroup upgraded Pagaya from Neutral to Buy and set a new price target of $14.50 from $13.00 previously
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
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Naik, formerly of Pagaya and Goldman Sachs, joins Capitolis as the firm is gearing up for its next phase of growth and expansion Capitolis, the financial technology company, today announced the appointment of Amol Naik as Chief Operating Officer (COO), effective May 5. Reporting to Gil Mandelzis, Founder and Chief Executive Officer of Capitolis, Naik will be responsible for managing the company's day-to-day operations, driving company-wide execution against the firm's business strategy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250506062637/en/Capitolis Appoints Amol Naik as Chief Operating Officer Naik is a seasoned financ
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