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Pagaya (NASDAQ:PGY) Technologies stock reached a 52-week high of $19.77, marking a significant milestone for the $1.42 billion market cap company. With a current price of $18.74, the stock remains near its peak, and InvestingPro analysis suggests the stock may be undervalued. Over the past year, the stock has experienced a notable increase, with a 1-year return of 56.95%. The company’s impressive 23.7% revenue growth and strong six-month return of 95% reflect robust business momentum. This surge reflects investor confidence and the company’s growth prospects, as it continues to make strides in its industry. The achievement of this 52-week high underscores Pagaya’s resilience and market performance amidst a dynamic economic environment. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about PGY’s outlook.
In other recent news, Pagaya Technologies reported first-quarter 2025 earnings that significantly exceeded analyst expectations, with earnings per share of 69 cents compared to the forecasted loss of 17 cents, and revenue reaching $290 million against a projection of $286.3 million. This marks Pagaya’s first quarter of GAAP net income, totaling $8 million, with revenue increasing by 18% year-over-year. The company also announced the launch of a $1 billion asset-backed securitization program named POSH to enhance point-of-sale financing, with the initial $300 million deal set to close soon. Benchmark analysts reaffirmed their Buy rating on Pagaya Technologies, maintaining a price target of $25, following the company’s presentation at the Benchmark Fintech Virtual Seminar. Meanwhile, Citizens JMP reiterated a Market Outperform rating with a $20 price target, reflecting confidence in Pagaya’s growth trajectory and strategic initiatives. At Pagaya’s recent Annual General Meeting, shareholders elected new directors and approved executive compensation packages, demonstrating strong investor confidence. The company has also raised $1.4 billion in asset-backed securities this quarter, indicating continued momentum in its financial strategies.
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