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 ...

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 ...

AnsonLu/iStock via Getty Images Pagaya (NASDAQ:PGY) has just released its second quarter results, which were mixed, with some results above expectations and others below. In addition, two important announcements will have a very positive impact on the company's future: 1) The signing of a forward flow agreement (FFA) for up to $1 billion and a one-year term (extendable to more years) with Castlelake. 2) The partnership with a top 5 US bank. As we have commented, the results have been mixed, with some very g ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41430 Pagaya Technologies Ltd. (Exact name of registrant as specified in its charter) Israel 87-3083236 (State or oth ...

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. Riley Operator Greetings, and welcome to Pagaya’s Second Quarter 2024 Earnings Conference Call. At this, partici ...

Pagaya Technologies Ltd. (PGY) reported $250.34 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 34.8%. EPS of $0.10 for the same period compares to $0.00 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $239.16 million, representing a surprise of +4.68%. The company delivered an EPS surprise of -50.00%, with the consensus EPS estimate being $0.20. While investors scrutinize revenue and earnings changes year-over-year and how they comp ...

Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.20, delivering a surprise of 25%. Over the last four quarters, the c ...

| --- | --- | --- | |-----------|-------|-------| | | | | | 》 PAGAYA | | | | --- | --- | --- | |---------------------------------------|---------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | " We set ambitious goals for our ...

Generally accepted accounting principles (GAAP) net income is still in the red at $21 million, but that was an improvement of $40 million from last year. Wall Street expects Pagaya to become net profitable on a GAAP basis next year. It delivered another solid quarter, but it's also recently done some interesting things that investors need to know about. Artificial intelligence (AI) credit company Pagaya Technologies (PGY -0.54%) stock jumped 21% in May according to data provided by S&P Global Market Intelli ...

Another Strong Quarter Pagaya Technologies recently reported a strong Q1, with revenues surging 31% to $245 million. The fintech smashed analyst estimates by $17 million and beat EPS targets of $0.16 by $0.04. The company reported record network volumes of $2.4 billion. Just as important, Pagaya boosted Fee Revenue Less Production Costs (FRLPC) to $92 million for a 3.8% margin. Source: Pagaya Tech. Q1'24 shareholder letter PM Images Pagaya Technologies Ltd. (NASDAQ:PGY) is an interesting fintech play, likel ...