Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Pagaya Technologies Ltd. (PGY) - Pagaya Technologies Ltd. currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - PGY shares have increased by 35.25% over the past week, while the Zacks Financial - Miscellaneous Services industry remained flat during the same period [5] - Over the past month, PGY's price change is 58.62%, significantly outperforming the industry's 6.05% [5] - In the last quarter, PGY shares surged by 176.02%, and over the past year, they gained 107.2%, compared to the S&P 500's increases of 19.69% and 14.71%, respectively [6] Trading Volume - The average 20-day trading volume for PGY is 3,255,985 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for PGY has increased, while none have decreased, raising the consensus estimate from $2.45 to $2.51 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, PGY is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [11]

Company Overview - Pagaya Technologies Ltd. (PGY) shares increased by 25.4% to $29.5 in the last trading session, with a notable trading volume, compared to a 24.8% gain over the past four weeks [1] - The company anticipates that its second-quarter 2025 results will surpass the high end of previous guidance across most key metrics [1] Earnings Expectations - The upcoming quarterly earnings per share (EPS) for Pagaya Technologies Ltd. is expected to be $0.62, reflecting a year-over-year increase of 520% [2] - Revenue projections stand at $298.1 million, which is a 19.1% increase from the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Pagaya Technologies Ltd. has remained stable over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [4] Industry Comparison - Pagaya Technologies Ltd. operates within the Zacks Financial - Miscellaneous Services industry, where XP Inc.A (XP) recently closed at $18.12, down 0.9% [4] - XP Inc.A's consensus EPS estimate has increased by 17.1% over the past month to $0.43, representing a year-over-year change of 10.3% [5]

Core Viewpoint - The current market is characterized as an asset bubble, and TQI offers tools and strategies to navigate this environment profitably [1]. Group 1: Company Overview - TQI was established in July 2022 with the mission to simplify, enhance enjoyment, and increase profitability in investing for all investors [2]. - The company publishes premium equity research reports on Seeking Alpha, providing a research library and performance tracker [2]. - TQI offers highly-concentrated, risk-optimized model portfolios tailored to meet the needs of investors at different stages of their investment lifecycle [2]. Group 2: Services and Features - In addition to equity research, TQI provides access to proprietary software tools and group chats for enhanced investor engagement [2]. - The company shares investing insights and tidbits through various platforms, including a free newsletter, Twitter, and LinkedIn [2].

[Form 8-K Current Report](index=1&type=section&id=Form%208-K) This report details Pagaya Technologies Ltd.'s preliminary Q2 2025 financial results and changes in regulatory status [Item 2.02. Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition.) Pagaya Technologies Ltd. announced preliminary unaudited Q2 2025 financial results, noting these figures are subject to finalization - The company issued a press release on July 17, 2025, detailing preliminary unaudited financial results for Q2 2025[4](index=4&type=chunk) - These preliminary financial results are subject to revision pending finalization of Q2 financial statements[4](index=4&type=chunk) - Information under this item, including the press release, is considered furnished, not filed, under Section 18 of the Securities Exchange Act of 1934[5](index=5&type=chunk) [Item 8.01 Other Events](index=2&type=section&id=Item%208.01%20Other%20Events.) This section details the company's loss of 'emerging growth company' and 'foreign private issuer' statuses, increasing SEC compliance requirements [Emerging Growth Company Status](index=2&type=section&id=Emerging%20Growth%20Company%20Status) The company will lose its 'emerging growth company' status by December 31, 2025, becoming a 'large accelerated filer' subject to SOX 404(b) auditor attestation - The company will lose its **emerging growth company** status effective December 31, 2025[6](index=6&type=chunk) - This change is due to the aggregate market value of non-affiliate common stock exceeding **$700 million** in Q2 2025[6](index=6&type=chunk) - Consequently, the company will become a **large accelerated filer** and must comply with Sarbanes-Oxley Section 404(b) auditor attestation for fiscal year 2025[6](index=6&type=chunk) [Foreign Private Issuer Status](index=2&type=section&id=Foreign%20Private%20Issuer%20Status) As of June 30, 2025, the company no longer qualifies as a 'foreign private issuer,' subjecting insiders to Section 16 'short-swing' profit rules from January 1, 2026 - The company no longer meets the criteria for **foreign private issuer (FPI)** status as of June 30, 2025[7](index=7&type=chunk) - Voluntary filing on U.S. domestic issuer forms since 2024 means no material adjustments are required[7](index=7&type=chunk) - Effective January 1, 2026, insiders will be subject to Section 16 'short-swing' profit recovery provisions of the Exchange Act[7](index=7&type=chunk) [Item 9.01. Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits.) This section lists exhibits filed with the Form 8-K, primarily the press release detailing preliminary Q2 2025 financial results Exhibits Filed | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release, dated July 17, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

Core Insights - Pagaya Technologies (PGY) stock is attractively priced based on its price/sales (P/S) ratio compared to peers, indicating potential value for investors [1][6] - The current forward 12-month P/S ratio for PGY is 1.29X, significantly lower than the industry average of 3.42X, suggesting undervaluation [2][6] - PGY's P/S ratio is also lower than its historical highs over the past two years, reinforcing the notion of being undervalued [3] Valuation Comparison - PGY is trading at a discount compared to close competitors like SoFi Technologies (SOFI) at 6.41X and Virtu Financial (VIRT) at 4.04X [6] - This valuation disparity positions Pagaya as an attractive investment option with potential for significant gains as the market recognizes its true worth [6] Business Model and Growth Prospects - Pagaya's business model is resilient and adaptable, expanding beyond personal loans into auto lending and point-of-sale financing, which reduces cyclical risk [10] - The company has established a robust network of over 135 institutional funding partners, diversifying its funding sources and enhancing financial stability [11] - PGY's proprietary data and product suite, including its Pre-screen solution, enhances customer relationships and expands credit access with minimal marketing costs [12] Financial Efficiency - Pagaya operates a capital-efficient model that minimizes credit risk by avoiding holding loans on its balance sheet, relying on institutional funding partners and asset-backed securities (ABS) [13] - This off-balance-sheet model has proven effective during periods of market stress, maintaining financial flexibility [14] - The reliance on forward flow agreements provides a predictable source of capital, aiding liquidity amid tightening credit markets [15] Stock Performance - Year-to-date, Pagaya's shares have surged 147.7%, outperforming the industry and major indices [16] - The performance is superior to that of competitors SoFi Technologies and Virtu Financial, which have gained 37.7% and 23.2% respectively [16] Expense Trends - Despite strong performance, PGY has seen a persistent increase in expenses, with total costs and operating expenses growing at a compound annual growth rate of 26.2% over the past three years [18] - Rising production costs, correlated with network volume, are expected to continue impacting profitability [19] Earnings Outlook - Analysts have maintained earnings estimates for 2025 and 2026 at $2.45 and $3.13 respectively, indicating a lack of optimism regarding earnings growth potential [20] - The earnings estimate revision trend shows stability in current and future earnings expectations [21] Investment Consideration - While PGY stock presents an attractive option for investors seeking exposure to a high-growth fintech company, caution is advised due to rising expenses that may affect profitability [23] - Existing shareholders may consider holding onto their investments, as long-term prospects remain positive despite near-term headwinds [23]

Investment & Acquisition - Castlelake 将从金融科技公司 Pagaya Technologies 购买高达 25 亿美元的消费贷款 [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Group 1: Company Overview - Pagaya Technologies Ltd. (PGY) currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - PGY has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Group 2: Price Performance - PGY shares have increased by 15.81% over the past week, outperforming the Zacks Financial - Miscellaneous Services industry, which rose by 3.35% [5] - Over the last month, PGY's price change is 26.56%, significantly higher than the industry's 6.91% [5] - In the past quarter, PGY shares have risen by 134.75%, and over the last year, they are up 66.99%, while the S&P 500 has only moved 24.12% and 14.76%, respectively [6] Group 3: Trading Volume - PGY's average 20-day trading volume is 2,226,400 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the last two months, two earnings estimates for PGY have increased, with no downward revisions, raising the consensus estimate from $1.76 to $2.45 [9] - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment regarding future earnings [9] Group 5: Conclusion - Considering all factors, PGY is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]

Company Overview - Pagaya Technologies (NASDAQ: PGY) is a prominent financial technology firm that utilizes proprietary data and an internal AI model for underwriting Asset-Backed Securities (ABS) loans [1] - The company has established a network of over 100 capital partners and more than 30 lending partners to facilitate these loans [1] Business Model - Pagaya's business model focuses on leveraging advanced technology to enhance the underwriting process for ABS loans, positioning itself as a leader in the fintech space [1]

Company Overview - Pagaya Technologies Ltd. (NASDAQ: PGY) is a technology-based lending and financial services company that utilizes AI-powered technology for its lending process [1] - The company collaborates with 31 bank and non-bank partners to process applications, including those that are rejected by other institutions [1] Leadership and Expertise - The CIO and Founder of Sunshine Kapital, Stefan, has a BA in Finance and over twenty years of institutional experience in Research and Portfolio Management, focusing on distressed situations and value opportunities [1]

Core Insights - Pagaya Technologies Ltd. (PGY) and LendingTree, Inc. (TREE) are fintech firms aiming to innovate the lending sector through different approaches [1][2] - PGY leverages AI for credit underwriting and securitization, while TREE operates an online marketplace connecting borrowers and lenders [1][2] Pagaya's Case - Pagaya's adaptable business model and capital-efficient structure allow it to diversify beyond personal loans into auto lending and point-of-sale financing, enhancing resilience [3][11] - The company has established a network of over 135 institutional partners and utilizes forward flow agreements for funding stability during market disruptions [4][6] - Pagaya's proprietary technology, including the Pre-screen solution, enables lenders to offer pre-approved loans, improving credit access with minimal marketing costs [5] - The capital-light model limits credit and market risk, maintaining liquidity and minimizing loan write-downs, with $206.5 million in cash against $507.8 million in debt as of March 31, 2025 [6][7] LendingTree's Case - LendingTree has evolved its strategy to diversify into non-mortgage products, including personal, auto, small business, and student loans, enhancing its marketplace offerings [8][9] - The launch of the WinCard in 2023 marks its entry into the branded credit market, while initiatives like SPRING and TreeQual improve cross-selling opportunities [9][10] - LendingTree's investment in EarnUp reflects its commitment to a tech-enabled ecosystem for financial health management [10] Financial Performance and Projections - Pagaya expects 2025 revenues between $1.175 billion and $1.3 billion, with year-over-year growth of 19.9% and 15.7% for 2025 and 2026, respectively [19] - The consensus estimate for Pagaya's earnings indicates a significant increase of 195.2% for 2025 [19] - In contrast, LendingTree projects 2025 revenues between $955 million and $995 million, with lower growth rates of 9.2% and 6.4% for 2025 and 2026, respectively [20] - LendingTree's earnings growth is expected to be 43.9% for 2025, but a decline of 3.5% for 2026 [21] Market Performance and Valuation - Pagaya's stock has surged 130.3% this year, while LendingTree's has decreased by 4.6% [13] - Pagaya's price-to-book (P/B) ratio is 3.66X, compared to LendingTree's 4.66X, indicating a more attractive valuation for Pagaya [14][15] - Pagaya's return on equity (ROE) is 9.28%, lower than LendingTree's 14.76%, suggesting LendingTree is more efficient in generating profits [15] Investment Outlook - Pagaya's rapid scaling, capital-light model, and strong growth outlook make it a compelling investment opportunity compared to LendingTree [23][24] - While LendingTree has a well-established marketplace, its growth is slowing, making Pagaya appear better positioned for long-term gains [24]