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Pagaya (NASDAQ:PGY) Technologies Ltd. stock reached a 52-week high, closing at $23.48. This milestone reflects the company’s robust performance over the past year, with the stock experiencing a remarkable 84.06% increase. The $1.77 billion market cap company has shown impressive revenue growth of ~24% over the last twelve months, and InvestingPro analysis suggests the stock remains undervalued at current levels. The Israeli fintech firm, known for its AI-driven financial technology solutions, has seen significant growth as it continues to expand its market presence and enhance its service offerings. Investors have shown increased confidence in Pagaya’s business model and future prospects, contributing to the stock’s upward trajectory. With a healthy current ratio of 1.79 and analysts maintaining a strong buy consensus, the company’s fundamentals support its recent performance. InvestingPro subscribers can access 8 additional key insights about Pagaya’s financial health and growth prospects. As the company continues to innovate and capture new opportunities, its stock performance remains a focal point for market observers. For a comprehensive analysis of Pagaya’s valuation and growth metrics, investors can access the detailed Pro Research Report available exclusively on InvestingPro.
In other recent news, Pagaya Technologies reported first-quarter 2025 earnings that exceeded analyst expectations, with earnings per share reaching 69 cents compared to the forecasted loss of 17 cents. Revenue also surpassed projections, totaling $290 million against an anticipated $286.3 million. Additionally, Pagaya announced the launch of a $1 billion asset-backed securitization program, POSH, aimed at enhancing point-of-sale financing. This program is expected to significantly expand lending capacity in the U.S. Meanwhile, Benchmark analysts have maintained a Buy rating on Pagaya, reflecting confidence in the company’s growth prospects. Furthermore, Citizens JMP reiterated a Market Outperform rating with a $20 price target, citing the company’s strategic focus on scaling its point-of-sale platform. In corporate governance news, Pagaya’s shareholders approved the election of directors and executive compensation packages during the recent Annual General Meeting. These developments highlight Pagaya’s ongoing momentum and strategic initiatives in the financial services sector.
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