Pagaya Technologies Ltd. Stock Price, News & Analysis

Pagaya Technologies Ltd. (NASDAQ: PGY) announced its participation in several key conferences in December 2022. The lineup includes the Wedbush Disruptive Finance Conference on December 2 (virtual), the NASDAQ 47th Investor Conference and UBS Global TMT Conference on December 6 (in London and New York respectively), and the Citi FinTech Spotlight Series on December 9 (virtual). Pagaya leverages AI and machine learning to enhance financial products and services, aiming to reshape the financial ecosystem.

Pagaya Technologies Ltd. (NASDAQ: PGY) reported a 26% year-over-year increase in Network Volume to $1.9 billion for Q3 2022, driving total revenue growth of 49% to $204 million, marking the highest quarterly revenue in its history. However, the company incurred a net loss of $74.8 million, primarily due to share-based compensation. Adjusted EBITDA was negative at $5.2 million, influenced by market volatility and ongoing investments. Despite challenges, Pagaya raised over $2 billion in investor capital and forecasts FY22 Network Volume between $7.2 billion and $7.8 billion.

Pagaya Technologies Ltd. (NASDAQ: PGY), a global AI-driven technology firm, announced its participation in several upcoming conferences in November 2022. The conferences include the Citi Fintech Conference on November 14 in New York, the Stephens Annual Investment Conference on November 16 in Nashville, the JMP Financial Services and Real Estate Conference on November 17 in New York, and the Credit Suisse 26th Annual Technology Conference on November 28-29 in Scottsdale, AZ. Pagaya aims to reshape financial services through innovative AI solutions.

Pagaya Technologies (NASDAQ: PGY) plans to announce its third quarter 2022 earnings on November 10, 2022. A conference call will follow at 5:00 p.m. ET the same day, with registration details available on Pagaya's investor relations website. Pagaya, based in New York, Tel Aviv, and Boston, leverages machine learning to provide innovative financial products, improving access to consumer credit and real estate solutions.

Pagaya Technologies Ltd. (NASDAQ: PGY) has achieved its first AAA rating from Moody's and DBRS Morningstar for its single family rental securitization, Pagaya AI Technology in Housing Trust 2022-1 (PATH 2022-1). This milestone enhances Pagaya's positioning in the real estate market as the company expands its AI network. Pagaya has facilitated over $700 million in single family rental properties, acquiring and renovating over 2,800 homes across 20 U.S. markets. The securitization is backed by 846 properties managed by new partners Appreciate and RENU Management.

Pagaya Technologies Ltd. (NASDAQ: PGY) reported impressive financial results for Q2 2022, with a 79% increase in network volume to $1.9 billion and a 83% rise in total revenue to $181.5 million. Despite a net loss of $146.3 million, largely due to share-based compensation, adjusted EBITDA stood at $4.9 million. The company raised $1.8 billion in investor capital and partnered with a major U.S. bank, enhancing its growth outlook. For FY22, Pagaya anticipates network volume between $7.2 billion and $7.8 billion and total revenue of $700 million to $725 million.

Pagaya Technologies (NASDAQ: PGY) will announce its second quarter 2022 earnings on August 16, 2022, followed by a conference call at 8:30 a.m. ET. The event can be accessed via a live webcast, with details available on the company's investor relations website. Pagaya is a financial technology firm focused on transforming the lending marketplace using machine learning and big data analytics, aiming to enhance credit access and improve customer experience.

Pagaya Technologies Ltd. has successfully completed its business combination with EJF Acquisition Corp., set to begin trading on Nasdaq under the symbol PGY starting June 23, 2022. This merger, approved by shareholders on June 16 and 17, marks a significant milestone for Pagaya, which aims to enhance financial accessibility using AI-driven technologies. CEO Gal Krubiner emphasized their mission to empower financial opportunities and improve customer experiences in lending. Pagaya's proprietary solutions aim to strengthen the credit ecosystem and expand the reach of financial products.

EJF Acquisition Corp. announced shareholder approval for its business combination with Pagaya Technologies Ltd. on June 17, 2022, following a similar vote from Pagaya's shareholders on June 16, 2022. The transaction is set to close around June 22, 2022, and will result in the company being renamed Pagaya Technologies Ltd. The combined entity's shares will trade under the symbols “PGY” and “PGYWW” on Nasdaq. Pagaya, a fintech company, utilizes AI to enhance the credit ecosystem and is designed to improve customer experiences in lending.