Pagaya's Race Against Time [Seeking Alpha]
Pagaya Technologies Ltd. (PGY)
Company Research
Source: Seeking Alpha
Yet the company has seen steady growth in network volume, customers, and securitizations, and expects to reach sustainable profitability in the near future. A current challenge for Pagaya may be its required risk-retention investments, created by the rapid growth in its ABS securitizations. Has this led to a capital constraint? The recent equity raise (March 13, 2024) and credit facility (February 7, 2024) should have relieved this constraint in the interim. As I sit down to write this evening, investors may have burning questions concerning Pagaya Technologies Ltd.'s ( NASDAQ: PGY ) long-term path to profitability. Is the investment still viable? There's much to consider amidst recent gargantuan losses and sky-high volatility. In the previous week (March 8-15, 2024), Pagaya's shares suffered a -40% loss in 5 days, precipitated by a reverse 12/1 split. Three days following the split, there was an unexpected secondary offering that went badly (and got worse) by the hour, bring
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PGY
News
- Pagaya Files First Annual Report on Form 10-K [Yahoo! Finance]Yahoo! Finance
- Pagaya Files First Annual Report on Form 10-KBusiness Wire
- Pagaya Technologies Ltd. (PGY) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- Pagaya Announces Timing of First Quarter 2024 Earnings ReleaseBusiness Wire
- Pagaya Technologies Ltd. (PGY) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
PGY
Earnings
- 2/21/24 - Beat
PGY
Sec Filings
- 4/26/24 - Form 3
- 4/26/24 - Form 3
- 4/26/24 - Form 3
- PGY's page on the SEC website