JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
NEW YORK - Pagaya Technologies LTD. (NASDAQ: PGY), a financial technology firm leveraging artificial intelligence for asset management, has priced a $295 million asset-backed securities (ABS) transaction, RPM 2025-2, which is rated AA. This marks the company’s second auto loan ABS deal of 2025 and is noted to be larger than any deal executed in 2024. The transaction comes at a time when market conditions are volatile, yet investors continue to show interest in high-quality assets offering attractive yields. According to InvestingPro data, Pagaya maintains a strong financial position with a current ratio of 1.8, indicating robust liquidity to support its operations.
Pagaya’s RPM shelf, which has been active for six years, is recognized for its consistent performance and execution, providing strong returns for investors. The company’s CEO and Co-Founder, Gal Krubiner, remarked on the opportunity presented by market dislocations for investors to take calculated risks.
The company has demonstrated a capacity to execute deals efficiently, reflecting sustained demand for Pagaya’s assets in the capital markets. Since 2018, Pagaya has raised over $27 billion through 67 ABS transactions to fund loan originations in various products, including personal and auto loans.
Sahil Chandiramani, Pagaya’s Head of Capital Markets, emphasized the Auto ABS program’s success in maintaining investor confidence and demand for Pagaya’s auto assets. The company aims to continue scaling up and enhancing efficiency while preserving the stability of its asset performance.
Pagaya operates globally, with a mission to make transformative financial products and services more accessible. The company uses machine learning and an extensive data network to offer consumer credit and residential real estate products through its partners. Pagaya’s technology integrates with partner networks to improve user experiences and broaden access to mainstream economic opportunities. The firm maintains offices in New York and Tel Aviv.
This article is based on a press release statement from Pagaya Technologies LTD.
In other recent news, Pagaya Technologies has garnered significant attention with multiple analyst updates and strategic developments. Oppenheimer analyst Rayna Kumar raised the price target for Pagaya Tech to $16, citing strong fourth-quarter earnings that exceeded expectations. Despite a $229 million credit-related impairment charge, the company showcased robust financial performance with promising guidance for the first quarter and full year of 2025. Meanwhile, Citizens JMP analyst David Scharf reaffirmed a Market Outperform rating with a $26 price target, highlighting Pagaya’s advantageous position in the BNPL sector due to its partnership with Klarna and Walmart. Scharf noted Pagaya’s expected growth from Klarna’s focus on longer-duration loans and emphasized the company’s strategic importance in the market.
Additionally, Benchmark analysts maintained a Buy rating and a $25 price target, focusing on Pagaya’s resilience and new product innovations in the financial technology sector. The company’s ability to self-fund its growth, achieved in the fourth quarter of 2024, was also a point of discussion. Furthermore, Pagaya Technologies updated its investor FAQs, reflecting its commitment to transparent communication with stakeholders, although no new financial information was disclosed with this update. The company’s strategic initiatives and financial independence continue to be viewed positively by analysts, reinforcing confidence in its future performance.
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