PGY News & Analysis
2 articles
Market Mood
Pagaya (PGY) Closes $800 Million Personal Loan ABS Transaction
On June 15, 2026, Pagaya Technologies Ltd. (PGY) closed an upsized $800 million AAA-rated personal loan ABS deal, named PAID 2026-4, which attracted 39 unique investors. This transaction increased Pagaya's year-to-date personal loan ABS issuance to nearly $4 billion and marked its third upsized personal loan ABS deal this year. Since 2018, the company has issued a total of $40 billion across 91 ABS transactions. Additionally, Texas Capital initiated coverage of PGY with a 'Buy' rating and a $27 price target, highlighting its AI technology-enabled business model in consumer credit underwriting.
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Pagaya Technologies (PGY) Stock Trading at $15.64 with P/E Ratios
Pagaya Technologies Ltd. (PGY) shares were trading at $15.64 as of June 1. The company's trailing and forward P/E ratios were reported at 13.96 and 5.27, respectively, according to Yahoo Finance. Year-over-year revenue growth was approximately 20%, and credit impairments decreased from $229 million in 2024 to about $120 million in 2025, with 2026 guidance set between $100 million and $150 million. Investor demand has led to $1.4 billion in funding and $1.65 billion in securitizations, indicating improving market sentiment.
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