Added to YB: 2024-05-14
Pitch date: 2024-03-31
PGY [bearish]
Pagaya Technologies Ltd.
-25.77%
current return
Author Info
Riverwater Partners is a Milwaukee-based investment advisory firm dedicated to responsible investing. Visit the website.
Company Info
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services and other service providers, their customers, and asset investors in the United States, Israel, and the Cayman Islands.
Market Cap
$999.3M
Pitch Price
$10.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.61
P/E
13.37
EV/Sales
0.60
Sector
Software
Category
N/A
Riverwater Micro Opportunities Strategy New Position: Pagaya Technologies Ltd.
PGY: AI-driven loan origination platform. Asset-light model w/ ABS mkt funding. Q1 call signaled growth, but surprise equity raise for regulatory 5% stake contrasts prior guidance, casting doubt on transparency & strategy. Divested on costly funding choice & broken trust.
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