Pagaya Technologies Closes $800 Million ABS Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
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Should l Buy PGY?
Source: Newsfilter
Pagaya Technologies Ltd. saw a significant pre-market decline of 19.53% as it crossed below its 5-day SMA.
The company successfully closed an $800 million AAA-rated personal loan ABS transaction, marking the largest securitization since November 2024. This transaction attracted 32 unique investors, demonstrating strong demand for Pagaya's AI-enabled assets in the consumer credit ABS market. Despite this positive development, the stock is experiencing a downturn, likely influenced by broader market conditions.
This transaction reinforces Pagaya's leadership in the ABS market, but the current stock price movement suggests a disconnect between the company's strong operational performance and investor sentiment. The market's mixed reaction may provide an opportunity for investors to reassess the stock's value moving forward.
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Analyst Views on PGY
Wall Street analysts forecast PGY stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 13.590
Low
35.00
Averages
43.33
High
54.00
Current: 13.590
Low
35.00
Averages
43.33
High
54.00
About PGY
Pagaya Technologies Ltd is an Israel-based company. It is primarily engaged in financial technology (FinTech) industry. The Company develops data science, machine learning and AI technology (Artificial Intelligence) analytics, enabling accurate, real-time customer credit assessments. Company's customers are lending companies that, by connecting to the AI Pagaya network, have the opportunity to discover and approve new customers that meet their credit criteria. Thanks to the Company's solutions, its customers gains a customer without undue risk. Pagaya Technologies Ltd delivers technology that provides loan assistance such as personal, car and credit card loans. The Company serves its clients all over the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pagaya Closes Largest Auto ABS Deal in History
- Record Transaction: Pagaya successfully closed the $500 million auto asset-backed securitization (ABS) RPM-2026-2, marking the largest auto ABS deal in its history and further solidifying its position in the financial ecosystem.
- Capital Raising Achievement: Year-to-date, Pagaya has raised over $3.5 billion in capital for its ABS program, demonstrating strong financing capabilities across multiple asset classes and enhancing its competitive edge in the market.
- Investor Confidence: The transaction attracted 16 unique investors, the majority of whom were repeat participants, reflecting the investment community's recognition of the trust and consistent execution Pagaya has built over the past seven years.
- Diverse Financing History: Since 2018, Pagaya has raised more than $37 billion through 88 ABS transactions to fund loan originations across various products, including personal loans, point of sale, and auto, showcasing its robust capabilities in diverse financial products.
See More
Pagaya's PAID Program Achieves Dual AAA Ratings
- Rating Expansion: Pagaya's PAID resecuritization program has achieved dual AAA ratings from Fitch and Kroll, reflecting consistent credit performance and enhancing secondary market liquidity, thereby boosting investor confidence.
- Transaction Size: The PAID-2026-R2 transaction totals $368 million and attracted participation from 21 unique investors, with the majority being repeat participants, indicating sustained market interest and trust in the program.
- Asset Support: The transaction features personal loans with approximately 24 months of seasoning, offering enhanced stability and a proven performance track record, catering to investors seeking seasoned personal loan collateral.
- Market Impact: Since 2018, Pagaya has issued over $36 billion across 87 ABS transactions, engaging more than 165 institutional investors to support originations in personal loans, auto, and POS programs, underscoring its significant role in the financial ecosystem.
See More
Pagaya Technologies to Announce Q1 2026 Earnings on May 7, 2026
- Earnings Announcement Schedule: Pagaya Technologies plans to announce its Q1 2026 earnings on May 7, 2026, with a conference call at 8:30 a.m. ET, reflecting the company's commitment to transparency and investor communication.
- Live Webcast Information: Investors can register for the live webcast on Pagaya's IR website, with a replay available post-event, ensuring that key information is accessible to those unable to attend live, enhancing overall information reach.
- Company Background: Pagaya Technologies is a global tech company focused on reshaping the financial services ecosystem by providing consumer credit and other financial products through machine learning and AI-driven approaches, aiming to expand its market presence.
- Integration Advantages: The company leverages its proprietary API and capital solutions to seamlessly integrate with its partner network, delivering superior user experiences and broader access to the mainstream economy, showcasing its innovative capabilities and competitive edge in the fintech sector.
See More
Pagaya Successfully Onboards Four New Institutional Investors
- Funding Diversification: Pagaya successfully onboarded four new institutional investors to its PAID platform, further diversifying the company's funding base and demonstrating market confidence in its offerings.
- Successful ABS Transaction: The company closed a $600 million AAA-rated personal loan ABS transaction (PAID 2026-2), attracting 27 unique investors, with new participants joining despite market volatility, indicating Pagaya's sustained market appeal.
- Strong Historical Performance: Since 2018, Pagaya has issued over $36 billion across 86 ABS transactions with more than 165 institutional investors, supporting originations in personal loans, auto loans, and POS programs, highlighting its significant role in the financial ecosystem.
- Confidence in Technology: Pagaya's Head of Capital Markets noted that the successful closing of PAID 2026-2 underscores the consistency and reliability of the Pagaya platform, welcoming new investors while reflecting the market's trust in its AI-driven credit underwriting capabilities.
See More
Pagaya Technologies Stock Drops 6.21% Amid Market Decline
- Stock Performance: Pagaya Technologies Ltd. (PGY) closed at $11.17, down 6.21% from the previous session, underperforming the S&P 500's 1.67% decline, indicating market concerns about its future prospects.
- Monthly Review: Over the past month, Pagaya's stock fell 4.03%, outperforming the Finance sector's 8% loss and the S&P 500's 6.15% drop, yet still reflecting cautious investor sentiment regarding its profitability.
- Earnings Expectations: The upcoming earnings report is projected to show an EPS of $0.49, a 28.99% decline year-over-year, while revenue is expected to reach $320.85 million, a 10.64% increase, indicating potential for revenue growth but challenges in profitability.
- Analyst Ratings: Pagaya currently holds a Zacks Rank of 4 (Sell), reflecting analysts' pessimistic outlook on its near-term business trends, despite its industry ranking being in the top 41% of over 250 industries, suggesting relative competitive strength.
See More
Pagaya Closes First Auto Resecuritization Transaction
- Impressive Transaction Size: Pagaya successfully closed its first auto resecuritization transaction, RPM-2026-R1, raising approximately $450 million, marking a significant advancement in the company's capital markets strategy and expected to attract more investor interest in its auto loan ecosystem.
- Strong Investor Participation: The transaction attracted 17 unique investors, demonstrating robust demand for seasoned collateral, which further solidifies Pagaya's position in the financial ecosystem and lays a foundation for future financing activities.
- Product Diversification: By providing access to a pool of diversified auto assets with 24 months of seasoning, Pagaya offers investors a
See More
Pagaya Closes Largest Auto ABS Deal in History
- Record Transaction: Pagaya successfully closed the $500 million auto asset-backed securitization (ABS) RPM-2026-2, marking the largest auto ABS deal in its history and further solidifying its position in the financial ecosystem.
- Capital Raising Achievement: Year-to-date, Pagaya has raised over $3.5 billion in capital for its ABS program, demonstrating strong financing capabilities across multiple asset classes and enhancing its competitive edge in the market.
- Investor Confidence: The transaction attracted 16 unique investors, the majority of whom were repeat participants, reflecting the investment community's recognition of the trust and consistent execution Pagaya has built over the past seven years.
- Diverse Financing History: Since 2018, Pagaya has raised more than $37 billion through 88 ABS transactions to fund loan originations across various products, including personal loans, point of sale, and auto, showcasing its robust capabilities in diverse financial products.
See More
Pagaya's PAID Program Achieves Dual AAA Ratings
- Rating Expansion: Pagaya's PAID resecuritization program has achieved dual AAA ratings from Fitch and Kroll, reflecting consistent credit performance and enhancing secondary market liquidity, thereby boosting investor confidence.
- Transaction Size: The PAID-2026-R2 transaction totals $368 million and attracted participation from 21 unique investors, with the majority being repeat participants, indicating sustained market interest and trust in the program.
- Asset Support: The transaction features personal loans with approximately 24 months of seasoning, offering enhanced stability and a proven performance track record, catering to investors seeking seasoned personal loan collateral.
- Market Impact: Since 2018, Pagaya has issued over $36 billion across 87 ABS transactions, engaging more than 165 institutional investors to support originations in personal loans, auto, and POS programs, underscoring its significant role in the financial ecosystem.
See More
Pagaya Technologies to Announce Q1 2026 Earnings on May 7, 2026
- Earnings Announcement Schedule: Pagaya Technologies plans to announce its Q1 2026 earnings on May 7, 2026, with a conference call at 8:30 a.m. ET, reflecting the company's commitment to transparency and investor communication.
- Live Webcast Information: Investors can register for the live webcast on Pagaya's IR website, with a replay available post-event, ensuring that key information is accessible to those unable to attend live, enhancing overall information reach.
- Company Background: Pagaya Technologies is a global tech company focused on reshaping the financial services ecosystem by providing consumer credit and other financial products through machine learning and AI-driven approaches, aiming to expand its market presence.
- Integration Advantages: The company leverages its proprietary API and capital solutions to seamlessly integrate with its partner network, delivering superior user experiences and broader access to the mainstream economy, showcasing its innovative capabilities and competitive edge in the fintech sector.
See More
Pagaya Successfully Onboards Four New Institutional Investors
- Funding Diversification: Pagaya successfully onboarded four new institutional investors to its PAID platform, further diversifying the company's funding base and demonstrating market confidence in its offerings.
- Successful ABS Transaction: The company closed a $600 million AAA-rated personal loan ABS transaction (PAID 2026-2), attracting 27 unique investors, with new participants joining despite market volatility, indicating Pagaya's sustained market appeal.
- Strong Historical Performance: Since 2018, Pagaya has issued over $36 billion across 86 ABS transactions with more than 165 institutional investors, supporting originations in personal loans, auto loans, and POS programs, highlighting its significant role in the financial ecosystem.
- Confidence in Technology: Pagaya's Head of Capital Markets noted that the successful closing of PAID 2026-2 underscores the consistency and reliability of the Pagaya platform, welcoming new investors while reflecting the market's trust in its AI-driven credit underwriting capabilities.
See More
Pagaya Technologies Stock Drops 6.21% Amid Market Decline
- Stock Performance: Pagaya Technologies Ltd. (PGY) closed at $11.17, down 6.21% from the previous session, underperforming the S&P 500's 1.67% decline, indicating market concerns about its future prospects.
- Monthly Review: Over the past month, Pagaya's stock fell 4.03%, outperforming the Finance sector's 8% loss and the S&P 500's 6.15% drop, yet still reflecting cautious investor sentiment regarding its profitability.
- Earnings Expectations: The upcoming earnings report is projected to show an EPS of $0.49, a 28.99% decline year-over-year, while revenue is expected to reach $320.85 million, a 10.64% increase, indicating potential for revenue growth but challenges in profitability.
- Analyst Ratings: Pagaya currently holds a Zacks Rank of 4 (Sell), reflecting analysts' pessimistic outlook on its near-term business trends, despite its industry ranking being in the top 41% of over 250 industries, suggesting relative competitive strength.
See More
Pagaya Closes First Auto Resecuritization Transaction
- Impressive Transaction Size: Pagaya successfully closed its first auto resecuritization transaction, RPM-2026-R1, raising approximately $450 million, marking a significant advancement in the company's capital markets strategy and expected to attract more investor interest in its auto loan ecosystem.
- Strong Investor Participation: The transaction attracted 17 unique investors, demonstrating robust demand for seasoned collateral, which further solidifies Pagaya's position in the financial ecosystem and lays a foundation for future financing activities.
- Product Diversification: By providing access to a pool of diversified auto assets with 24 months of seasoning, Pagaya offers investors a
See More
