Pagaya Technologies .(PGY)

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Pagaya Technologies Ltd. (PGY) Soars 12.4%: Is Further Upside Left in the Stock?
ZACKS· 2024-11-11 17:45
Pagaya Technologies Ltd. (PGY) shares rallied 12.4% in the last trading session to close at $14.62. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 31.6% gain over the past four weeks.Pagaya Technologies extended its rally for the second straight day, driven by optimism over the successful closing of two asset-backed securities (ABS) deals totaling $1 billion. The deals were oversubscribed, reflecting strong ...
Why Fast-paced Mover Pagaya Technologies Ltd. (PGY) Is a Great Choice for Value Investors
ZACKS· 2024-11-07 14:50
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
Why Pagaya Technologies Ltd. (PGY) Outpaced the Stock Market Today
ZACKS· 2024-11-01 23:16
The most recent trading session ended with Pagaya Technologies Ltd. (PGY) standing at $11.68, reflecting a +1.39% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.41% gain on the day. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 0.8%.Shares of the company witnessed a gain of 13.05% over the previous month, beating the performance of the Finance sector with its gain of 0.16% and the S&P 500's loss of 0.97%.The upcoming earnings release of Paga ...
1 Artificial Intelligence (AI) Stock That Has 200% Upside According to 1 Wall Street Analyst
The Motley Fool· 2024-11-01 09:00
This disruptive tech stock is making waves in the financial industry.Wall Street analysts' target prices are modeled based on many factors, and each one comes up with something different. Target prices can range from a large loss to a large gain, so it doesn't make sense to base your investment decisions based on one Wall Street analyst. No matter how much information they might have right now, no one can accurately predict what will happen in the markets.That said, there are several things to gain from pay ...
Wall Street Analysts Believe Pagaya Technologies Ltd. (PGY) Could Rally 97.67%: Here's is How to Trade
ZACKS· 2024-10-25 14:56
Pagaya Technologies Ltd. (PGY) closed the last trading session at $11.58, gaining 20% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.89 indicates a 97.7% upside potential. The average comprises nine short-term price targets ranging from a low of $12 to a high of $36, with a standard deviation of $8.72. While the lowest estimate indicates an increase of 3.6% from the current pr ...
Strength Seen in Pagaya Technologies Ltd. (PGY): Can Its 6.1% Jump Turn into More Strength?
ZACKS· 2024-10-01 17:50
Pagaya Technologies Ltd. (PGY) shares soared 6.1% in the last trading session to close at $10.57. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 33.9% loss over the past four weeks. The upside can be attributed to Pagaya Technologies' core strength in its proprietary AI-powered technology, enabling efficient credit evaluation and decision-making for partners in originating loans and financial products. The company has processed ...
Pagaya: Unwarranted Sell Off
Seeking Alpha· 2024-09-27 14:21
Group 1 - The article discusses the potential for undervalued stocks that are mispriced by the market as a strategy to end Q3 [1] - It highlights the investment group "Out Fox The Street," led by Mark, which provides stock picks and research to identify potential multibaggers while managing portfolio risk through diversification [2] - Features of the investment group include model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and community chat access [2] Group 2 - The article emphasizes the importance of conducting personal research or consulting a financial advisor before making investment decisions [3] - It notes that past performance is not indicative of future results, and no specific investment recommendations are provided [4]
Pagaya Technologies Ltd. (PGY) Declines More Than Market: Some Information for Investors
ZACKS· 2024-09-20 23:21
In the latest market close, Pagaya Technologies Ltd. (PGY) reached $12.33, with a -1.75% movement compared to the previous day. This change lagged the S&P 500's 0.19% loss on the day. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%. The company's shares have seen an increase of 1.95% over the last month, not keeping up with the Business Services sector's gain of 6.7% and the S&P 500's gain of 2.06%. The investment community will be closely monitoring the performa ...
Pagaya: Still Unloved, Misunderstood, And Dramatically Undervalued
Seeking Alpha· 2024-09-10 07:08
Pekic Pagaya - It's valuation has nothing to do with its performance or its outlook It has been a bit over a year since I wrote about Pagaya Technologies Ltd. (NASDAQ:PGY) in an article published on SA. Since that time the shares appreciated initially, then fell relentlessly and finally have come back to a level just a bit less than they were when the article was initially published. Unless you are a devotee of roller-coaster rides-and I am not-that is not the performance that is desirable to see for anyone ...
Pagaya Q2 ER: Mixed Results With Impressive Outlook For 2025
Seeking Alpha· 2024-08-18 12:00
Core Viewpoint - Pagaya's Q2 2024 results were mixed, with revenues and adjusted EBITDA exceeding expectations, but net losses were higher than anticipated. The company announced significant partnerships and a forward flow agreement that are expected to positively impact future performance [1][11]. Financial Performance - Quarterly revenues reached $250 million, surpassing the expected $239 million, representing a 28% year-over-year growth [1]. - Adjusted EBITDA was reported at $50 million, marking the first time it exceeded this psychological barrier [1]. - Net operating cash flow improved to $29 million, indicating strong business evolution [1]. - Net losses amounted to $75 million, with adjusted EPS and GAAP EPS falling short of expectations at +$0.10 and -$1.04 respectively [1][11]. Asset Management - Losses from asset valuation adjustments on the balance sheet were primarily due to old loans with higher default rates, which have since decreased by 40% from their peak in 2021 [1][4]. - The company aims to reduce asset retention on the balance sheet to 2%-3% from the legal minimum of 5% [1][7]. Strategic Partnerships - Pagaya signed a forward flow agreement (FFA) for up to $1 billion with Castlelake, which is expected to mitigate liquidity risk [1][2]. - A partnership with a top 5 US bank was also announced, which is anticipated to enhance growth [1][2]. Future Outlook - The company targets achieving profitability and positive net cash flow by 2025, supported by ongoing revenue growth and strategic alliances [2][5]. - Total business volume for 2024 is projected to be approximately $10 billion, with a medium-term goal of reaching $25 billion [5]. Valuation Metrics - Pagaya's market capitalization is currently under $900 million, with an estimated annual adjusted EBITDA of $200 million for 2024, resulting in a valuation of just over 4 times its annual EBITDA [3][8]. - The stock is considered undervalued, with potential upside estimated at three times the current price, suggesting a target price of approximately $38 [3][8]. Margin Improvement - The company reported a record Fee Revenue Less Production Costs (FRLPC) of 4.2%, with a target average of 3.5% to 4.5% for 2024 [7]. - Gross margin improved to 42% in Q2 2024, reflecting increased efficiency and cost savings [7].