Added to YB: 2024-12-23
Pitch date: 2024-11-07
PGY [bearish]
Pagaya Technologies Ltd.
+7.68%
current return
Author Info
No bio for this author
Company Info
Pagaya Technologies Ltd., a product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.
Market Cap
$961.4M
Pitch Price
$13.15
Price Target
4.50 (-63%)
Dividend
N/A
EV/EBITDA
2.69
P/E
12.53
EV/Sales
0.57
Sector
Software
Category
N/A
Pagaya Technologies Ltd. - $PGY
PGY short: AI model underperforms, take rate to decline, capital-intensive growth unsustainable. Credit losses hidden in AOCI/G&A eroding equity. Potential fraud: misleading revenue accounting, breaching fiduciary duty to funds, exorbitant fees. Mgmt red flags. Catalysts: failed financing, liquidity crunch, lawsuits, restatement risk.
Read full article (23 min)