PGY

Pagaya Technologies Ltd. (PGY) fell 3.8% in the latest trading session, significantly underperforming the S&P 500's 1.09% decline. The stock has dropped 12.89% over the past month.

While revenue is expected to grow 7.96% year-over-year, earnings per share are projected to decline 5.88%. The company holds a Zacks Rank of #4 (Sell) with a Forward P/E of 4.87, trading at a discount to its industry average.

Pagaya Technologies (PGY) leads OneMain Holdings (OMF) in 2026 revenue and earnings growth estimates, ROE, and recent stock performance, driven by its AI-powered lending platform and expanding partnerships. However, OneMain offers a lower valuation and stronger 2027 earnings growth outlook. Both stocks currently carry a Zacks Rank #4 (Sell) rating, suggesting investors should await more favorable conditions before investing.

Pagaya Technologies raised $3.7 billion across six asset-backed securities (ABS) transactions in Q2 2026 and added 11 new institutional investors, bringing the total to 174. The company is diversifying its funding model beyond traditional securitization through auto funding facilities, variable funding notes, and revolving personal-loan facilities. Despite expanding alternative funding sources, Pagaya completed a $600 million personal-loan securitization, bringing 2026 ABS issuance to over $9 billion, demonstrating that securitization remains a core funding engine.