Pagaya Technologies (PGY)

• Market cap: $753M
• 1 day: -1.06%
• 5 days: -6.06%
• 1 month: -7.34%
• 3 months: -18.62%
• 6 months: -13.38%
• Year to date: -34.42%
• 1 year: -32.34%
• 5 years: -85.98%
• 10 years: -85.98%
• Sector: Financials
• Industry: Finance Services

About: Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.

Employees: 534

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

109% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 22

58% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 24

51% more call options, than puts

Call options by funds: $19.1M | Put options by funds: $12.6M

14% more funds holding

Funds holding: 103 [Q2] → 117 (+14) [Q3]

5.33% more ownership

Funds ownership: 42.23% [Q2] → 47.56% (+5.33%) [Q3]

5% less capital invested

Capital invested by funds: $314M [Q2] → $297M (-$16.6M) [Q3]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 2 (-1) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $12 17% upside
• Avg. target: $25 146% upside
• High target: $36 252% upside

5 analyst ratings

• positive: 5 100%
• neutral: 0 0%
• negative: 0 0%

Canaccord Genuity Joseph Vafi 68% 1-year accuracy 44 / 65 met price target	144% upside $25	Buy Maintained	13 Nov 2024
Benchmark Michael Legg 52% 1-year accuracy 16 / 31 met price target	105% upside $21	Buy Reiterated	16 Oct 2024
Oppenheimer Rayna Kumar 75% 1-year accuracy 9 / 12 met price target	17% upside $12	Outperform Initiated	1 Oct 2024
Canaccord Genuity Joseph Vafi 68% 1-year accuracy 44 / 65 met price target	213% upside $32	Buy Maintained	30 Sept 2024
B. Riley Securities Hal Goetsch 89% 1-year accuracy 25 / 28 met price target	252% upside $36	Buy Maintained	30 Sept 2024