NasdaqCM - Nasdaq Real Time Price • USD Pagaya Technologies Ltd. (PGY) Follow Compare 8.78 -0.09 (-1.01%) At close: January 17 at 4:00:00 PM EST 8.97 +0.19 +(2.16%) After hours: January 17 at 7:54:13 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Exploring High Growth Tech Stocks in the United States December 2024 Over the last 7 days, the United States market has dropped 1.1%, yet it has risen by an impressive 22% over the past year, with earnings forecasted to grow by 15% annually. In this context of fluctuating short-term performance and promising long-term growth, identifying high growth tech stocks requires a focus on companies with strong innovation potential and robust financial health to capitalize on future opportunities. 3 US Growth Stocks With High Insider Ownership Growing Earnings Up To 114% As the U.S. stock market experiences a Santa Claus Rally with major indices such as the Nasdaq Composite and S&P 500 posting gains, investors are keenly observing companies that not only show promising growth but also have high insider ownership. In this context, stocks where insiders hold significant stakes can be particularly appealing, as they may indicate confidence in the company's future prospects amidst current market optimism. Pagaya Announces Appointment of Two Fintech Veterans as Independent Directors to its Board NEW YORK, December 23, 2024--Pagaya Technologies Ltd. ("Pagaya") (NASDAQ: PGY), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today the appointment of two new independent directors to the Company's Board of Directors - Asheet Mehta and Alison Davis. Pagaya assumed with a Neutral at UBS UBS assumed coverage of Pagaya (PGY) with a Neutral rating and $11 price target UBS sees the potential for Pagaya to grow revenue at a 14% compound annual growth rate from 2025-2027 driven by an improving lending environment, growing partner pipeline, expanding wallet share, and increasing loan application conversion, and is encouraged by Pagaya’s average risk retention level reaching 2%-3% of network volume in Q3, the analyst tells investors in a research note. While the firm believes that Paga Some Investors May Be Worried About Pagaya Technologies' (NASDAQ:PGY) Returns On Capital If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an... Pagaya Announces New $600 Million Consumer Loan ABS Deal, Underscoring Strong Momentum Ahead of 2025 NEW YORK, December 12, 2024--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a $600 million AAA-rated personal loan ABS transaction (PAID 2024-11) and expects to close an additional $100 million pass-through transaction (PT 2024-2) next week. Pagaya Expands Term Loan with Improved Terms and Additional Corporate Lending Partners NEW YORK, December 03, 2024--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the completion of its previously-announced $100 million term loan upsize, with an additional $28 million of funding provided by Canadian Imperial Bank of Commerce (CIBC) and Bank of Montreal (BMO). The two banks also funded a $15 million expansion of Pagaya’s revolving credit facility. Addi 3 US Growth Stocks With Strong Insider Ownership As the U.S. stock market continues its rally, with the Dow Jones Industrial Average reaching record highs and the S&P 500 extending its gains, investors are keenly observing growth opportunities amid this bullish environment. In such a thriving market, companies that exhibit strong insider ownership often attract attention due to their potential for robust alignment between management and shareholder interests, making them compelling candidates for growth-focused portfolios. Pagaya Technologies Ltd. (NASDAQ:PGY) Just Reported, And Analysts Assigned A US$20.75 Price Target One of the biggest stories of last week was how Pagaya Technologies Ltd. ( NASDAQ:PGY ) shares plunged 27% in the week... Pagaya Technologies Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags Pagaya Technologies ( NASDAQ:PGY ) Third Quarter 2024 Results Key Financial Results Revenue: US$257.2m (up 22% from 3Q... Pagaya tops Q3 estimates, CEO addresses credit loss concerns Pagaya Technologies (PGY, PGYWW) exceeded Wall Street expectations in its third quarter, generating revenue of $257.23 million, surpassing the projected $249.68 million. Adjusted earnings per share reached $0.44, outperforming Wall Street's forecast of $0.22 by two-fold. Despite these strong results, the stock faced downward pressure due to larger-than-expected credit losses during the quarter. Pagaya CEO Gal Krubiner joins Market Domination to discuss the company's $70 million charge to its third quarter balance sheet. "The reality is that these types of charges that we saw coming on the balance sheet... are actually from transactions that we did in 2023, that are maturing these days," he explains to Julie Hyman and Josh Lipton. Krubiner notes that during that period, high benchmark rates and elevated capital market costs made financing consumer lending expensive. "What you see right now is the seasoning of these assets that are coming into play with a very high cost of capital of the transaction that had been closed to finance these assets that are impairing what is being left on the balance sheet from that spread," Krubiner elaborates. However, he adds that "the more important piece is that when you think about the future and how these asset classes are performing, they're actually performing very well." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith Pagaya Technologies Ltd (PGY) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... Pagaya Technologies Ltd (PGY) reports a 21% revenue increase, despite facing a $67 million net loss in Q3 2024. Pagaya Reports Third Quarter and Nine Months Ended 2024 Results NEW YORK & TEL AVIV, Israel, November 12, 2024--Pagaya Technologies Ltd. (NASDAQ: PGY) ("Pagaya", the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the third quarter and nine months ended 2024. Pagaya Raises $1 Billion Across Two New Personal Loan and Auto ABS Deals, Signaling Strong Capital Markets Demand NEW YORK, November 06, 2024--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of PAID 2024-10 and RPM 2024-3, totaling $1 billion in size across both deals. This represents the Company’s fourth AAA-rated personal loan ABS transaction and its first AA-rated auto ABS transaction. Pagaya to Participate in Upcoming Investor Conferences NEW YORK, October 31, 2024--Pagaya Technologies Ltd. ("Pagaya" or the "Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that the Company’s management team will participate in the following investor conferences: Pagaya Completes Acquisition of Theorem Technology, Inc. NEW YORK, October 28, 2024--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or "the Company"), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the completion of its acquisition of Theorem Technology, Inc. ("Theorem"), a machine-learning underwriting technology company that has powered billions of dollars of credit across its network since its founding in 2014. 3 US Growth Stocks With High Insider Ownership And 15% Revenue Growth In the current landscape, U.S. stock markets have shown a mixed performance with the S&P 500 and Nasdaq Composite experiencing gains, while the Dow Jones Industrial Average has faced consecutive declines. As investors navigate these fluctuating conditions, growth companies with high insider ownership and robust revenue growth can present compelling opportunities due to their potential alignment of interests between management and shareholders. Pagaya Announces Timing of Third Quarter 2024 Earnings Release NEW YORK, October 22, 2024--Pagaya Technologies (NASDAQ: PGY) intends to announce its third quarter 2024 earnings on November 12, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IST. Pagaya, Citi, Jefferies, and Milken Institute at Money20/20: How Embedded Payments, AI, and Private Credit are Reshaping Consumer Lending NEW YORK, October 17, 2024--Pagaya CEO Gal Krubiner will moderate a rich discussion with Citi Retail Services' Head of Connected Commerce and Strategic Growth Terry O’Neil, Jefferies Global Investment Banking Co-Head Andrea Lee, and Milken Institute Fintech Director Nicole Valentine on stage at the Money20/20 conference in Las Vegas on Tuesday, October 29 at 10:05 AM local time. LendingClub & Pagaya Acquire Assets of Tally Technologies SAN FRANCISCO & NEW YORK, October 09, 2024--LendingClub Corporation (NYSE: LC), operator of America’s leading digital marketplace bank, and Pagaya Technologies LTD (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that they partnered together to acquire the intellectual property behind Tally Technologies, Inc. ("Tally"). Performance Overview Trailing total returns as of 1/17/2025, which may include dividends or other distributions. Benchmark is S&P 500 Return PGY S&P 500 YTD -7.68% +1.52% 1-Year -36.93% +25.82% 3-Year -92.65% +28.61%