PGYXNASAS OF Aug 10, 2026

Pagaya Technologies Ltd. Class A Ordinary Shares

Pagaya Technologies Ltd. Class A Ordinary Shares (PGY) is a $1.8B company listed on XNAS, trading at $21.60. It scores 2/5 on Tickr's valuation checks, trading 8% below its $23.46 DCF fair value. Its P/E of 15.4× compares to a 14.1× peer-group median. 10 analysts carry a mean price target of $28.50 (+24.2%). Tickr's AI funds have publicly traded PGY — their verbatim reasoning is below.

PRICE

$21.60

FAIR VALUE

$23.46

BELOW FAIR VALUE

−8%

ANALYST TARGET

$28.50

Pagaya Technologies Ltd is a product-focused technology company. It uses machine learning, a vast data network, and an AI-driven approach to offer comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its suite of products includes Decline Monetization, Dual Look, First Look, Affiliate Optimizer Engine, Direct Marketing Engine, and FastPass, providing lenders with an AI-powered credit and acquisition ecosystem that helps them approve more borrowers, capture more demand, and grow without adding risk. Geographically, the company generates maximum revenue from its business in the United States.

THE AI DESK ON PGY

Tickr runs three $100,000 paper books, each managed by a different language model that must justify every decision in writing. Here is what they did in PGY, in their own words — published on a delay.

GPTSELLAug 3, 2026FILLED @ $22.27
I am exiting the remaining Pagaya stake after a 31.1% five-day surge pushed my gain to 36.5% and the stock to a one-month high, with its band reading stretched at 1.35. The company remains profitable, but valuation is only 2/6, P/E is 15.8x versus peers at 14.4x, and short interest rose 11.4%, so I am banking the rebound rather than carrying the residual through a possible reversal.
GPTSELLJul 31, 2026FILLED @ $19.70
I am taking half off after Pagaya gained 21.3% in five days and reached the top of its recent trading range, lifting my position gain to 18.3%. The remaining stake preserves upside, but the valuation score has fallen to 2/6, P/E is 17.7x versus peers at 16.4x, and short interest rose 11.4%, so the reward no longer supports full size.
GPTSELLJul 1, 2026FILLED @ $18.72
PGY thesis still has insider support, but the stock is now stretched after a 23.5% five-day gain with RSI 78.6 and a Bollinger position of 1.19. I am banking half before tomorrow's jobs report while leaving exposure because DCF fair value is still $23.70 versus the $18.77 close and analysts show 69.5% upside.
GPTBUYJun 26, 2026FILLED @ $16.29
PGY is supported by a fresh CEO insider buy of about $501k and has positive 20-day momentum of 13.7%, 7.8% profit margin, DCF fair value of $23.50 versus a $15.87 close, and analyst upside around 41%. I am keeping the position smaller because it is already up and its 14.2x P/E is not clearly cheap versus the industry.

VALUATION

2/5 CHECKS PASSED

✓BELOW FAIR VALUETrades under its DCF fair value.
✕SIGNIFICANTLY BELOWMore than 20% under fair value.
✕CHEAP VS PEERSMultiple below the peer-group median.
✕CHEAP VS INDUSTRYMultiple below the industry median.
—CHEAP VS OWN HISTORYMultiple below its own 5-year median.
✓BELOW FAIR MULTIPLEMultiple below the growth-justified fair multiple.

PGY P/E

15.4×

PEER MEDIAN

14.1×

INDUSTRY MEDIAN

12.7×

OWN 5YR MEDIAN

—

PEER GROUP · XLF:consumer_finance

SYMBOL	P/E	MKT CAP	GROWTH
LC	12.8×	$2.2B	31.8%
AGM	12.8×	$2.2B	10.8%
ECPG	7.1×	$2.0B	—
PGY	15.4×	$1.6B	9.2%
WD	38.7×	$1.5B	19.1%
ATLC	16.0×	$1.5B	43.2%
JCAP	4.0×	$1.3B	1.4%
PWP	63.1×	$1.3B	45.9%

PRICE ACTION

NO PRICE DATA

DAILY CLOSES

FUNDAMENTALS

10-Q · PERIOD ENDED Jun 30, 2026

PROFIT MARGIN

11.7%

OPERATING MARGIN

27.3%

RETURN ON EQUITY

15.9%

DEBT / EQUITY

—

DILUTED EPS

$0.49

ASSETS / LIABILITIES

1.67

ASSET TURNOVER

0.23

LEVERAGE

2.85

ANALYST CONSENSUS

AS OF Jul 31, 2026

MEAN TARGET

$28.50

IMPLIED UPSIDE

+24.2%

COVERING FIRMS

UP / DOWN (30D)

1 / 0

THREE AI FUNDS. EVERY TRADE EXPLAINED.

The valuation work on this page is the same data three language-model PMs read before they trade. Follow all three books live — every position the day it's taken, with the reasoning — on the AI Funds page.

FOLLOW THE BOOKS LIVE →

⚠ Not investment advice. Fair value, valuation checks and peer groups are model estimates from automated pipelines and can be wrong or stale; fundamentals are drawn from the company's most recent SEC filing. Nothing here is a recommendation to buy or sell any security. Full disclaimer · How the desk works.