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Pagaya Technologies Ltd. - PGY STOCK NEWS

Welcome to our dedicated page for Pagaya Technologies Ltd. news (Ticker: PGY), a resource for investors and traders seeking the latest updates and insights on Pagaya Technologies Ltd. stock.

Pagaya Technologies Ltd., a financial technology company, is revolutionizing the lending marketplace through the use of advanced machine learning, big data analytics, and AI-driven credit analysis technology. By leveraging its proprietary API, Pagaya seamlessly integrates with an extensive network of partners to enhance the customer experience and provide greater access to credit. The company primarily generates its revenue from the United States and has been a key player in modernizing the credit industry.

Pagaya’s core business focuses on offering cutting-edge solutions that improve the efficiency and accuracy of credit assessments. This helps financial institutions make better lending decisions, ultimately benefiting both lenders and borrowers. The firm’s technology harnesses the power of artificial intelligence to analyze vast amounts of data, ensuring that credit evaluations are both thorough and reliable.

Recent achievements include significant partnerships with leading financial institutions, enhancing their ability to serve a wider range of customers. These collaborations have allowed Pagaya to expand its reach and influence within the credit industry.

Current projects at Pagaya involve the continuous refinement of its AI algorithms and the expansion of its data analytics capabilities. These efforts aim to further streamline the credit assessment process, making it even more efficient and user-friendly.

Financially, Pagaya Technologies Ltd. has shown robust performance, with a strong revenue stream primarily from its services in the United States. The company's focus on innovation and strategic partnerships has positioned it as a leader in the fintech space.

Overall, Pagaya Technologies Ltd. is dedicated to reshaping the credit landscape, providing a comprehensive solution that benefits the entire credit ecosystem. Its commitment to leveraging advanced technology to improve credit access and user experience highlights its significance in the financial technology sector.

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Pagaya Technologies , a global technology company, will be participating in several upcoming investor conferences in May 2024. The company's management team will attend events such as the Oppenheimer 9th Annual Emerging Growth Conference, Needham 19th Annual Technology, Media & Consumer Conference, and more. Webcast replays will be available on the Pagaya investor relations website.

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Pagaya Technologies (NASDAQ: PGY) has filed its first annual report on Form 10-K for the year ended December 31, 2023, aiming to enhance transparency and disclosure of its business and performance. The filing is part of a strategy to attract institutional ownership and improve marketability of its stock. Pagaya's officers, directors, and 10% shareholders will now also begin reporting on Forms 3, 4, and 5, including recent purchases of approximately $2 million of the Company's Class A ordinary shares. The Company's CFO highlighted the move as aligning with U.S. capital markets practices, providing investors with a comprehensive view of Pagaya's business. The Annual Report on Form 10-K is accessible on Pagaya's Investor Relations website, with first quarter 2024 results set to be disclosed on May 9, 2024.
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Pagaya Technologies (NASDAQ: PGY) is set to announce its first quarter 2024 earnings on May 9, 2024, with a conference call scheduled for 8:30 a.m. ET / 3:30 p.m. IDT. Investors can register for the live webcast on Pagaya's IR website. The webcast replay will be accessible after the event.
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Pagaya Technologies (NASDAQ: PGY) announces the formation of a strategic Advisory Board led by Tami Rosen, a former Apple and Goldman Sachs executive. Rosen will also take on the role of Chief Development Officer to drive new partnerships and connections for Pagaya, aiming to boost long-term growth and competitive advantage.
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Pagaya Technologies (NASDAQ: PGY) announces a virtual fireside chat with CEO, CFO, and President to discuss business strategy, recent capital activities, and financial performance.
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Pagaya Technologies Ltd. (NASDAQ: PGY) announces a public offering of 7,500,000 Class A Ordinary Shares at $12.70 per share, aiming to raise approximately $95 million for general corporate purposes and future growth.
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Pagaya Technologies Ltd. (NASDAQ: PGY) has announced a public offering of 6,500,000 Class A ordinary shares to support future growth and general corporate purposes. The Company aims to use the net proceeds for working capital expenses and investments.
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Pagaya Technologies LTD. (PGY) closes two new asset-backed securitizations, raising $1.03 billion, solidifying its position as a leading ABS issuer in the U.S. The company has raised $21 billion across all ABS transactions since inception, with robust investor demand and growing funding network.
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Two Harbors Investment Corp. appoints Sanjiv Das, a seasoned mortgage industry expert, to its Board of Directors. Das brings extensive experience from Pagaya Technologies Ltd. and previous leadership roles in major financial institutions.
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Pagaya Technologies Ltd. (NASDAQ: PGY) announced a 1-for-12 reverse stock split effective March 8, 2024, to enhance marketability to U.S. investors and potentially be included in major U.S. equity indices.
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FAQ

What is the current stock price of Pagaya Technologies Ltd. (PGY)?

The current stock price of Pagaya Technologies Ltd. (PGY) is $8.86 as of December 23, 2024.

What is the market cap of Pagaya Technologies Ltd. (PGY)?

The market cap of Pagaya Technologies Ltd. (PGY) is approximately 649.6M.

What does Pagaya Technologies Ltd. do?

Pagaya Technologies Ltd. uses machine learning, big data analytics, and AI-driven technology to improve the credit assessment process.

Where does Pagaya Technologies Ltd. generate most of its revenue?

Pagaya Technologies Ltd. generates the majority of its revenue from the United States.

How does Pagaya Technologies Ltd. improve the credit ecosystem?

Pagaya improves the credit ecosystem by providing advanced AI technology that enables more accurate and efficient credit assessments.

What recent achievements has Pagaya Technologies Ltd. made?

Recently, Pagaya has formed significant partnerships with leading financial institutions, expanding its reach and impact in the credit industry.

What are the current projects at Pagaya Technologies Ltd.?

Current projects include refining AI algorithms and expanding data analytics capabilities to improve the credit assessment process.

Why is Pagaya Technologies Ltd. significant in the fintech sector?

Pagaya is significant because it leverages advanced technology to enhance credit access and user experience, positioning it as a leader in fintech.

Who are Pagaya Technologies Ltd.'s partners?

Pagaya has partnerships with various leading financial institutions, which help to broaden its service offerings and reach.

How does Pagaya Technologies Ltd. use its proprietary API?

Pagaya's proprietary API integrates with its partner network to streamline the credit process and provide a premium user experience.

What technology does Pagaya Technologies Ltd. use for credit analysis?

Pagaya uses machine learning, big data analytics, and sophisticated AI-driven technology for credit analysis.

What is Pagaya Technologies Ltd.'s mission?

Pagaya's mission is to reshape the lending marketplace by using advanced technology to improve credit access and assessments.

Pagaya Technologies Ltd.

Nasdaq:PGY

PGY Rankings

PGY Stock Data

649.64M
51.50M
15.58%
52.76%
9.34%
Software - Infrastructure
Finance Services
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United States of America
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