Pagaya Technologies (NASDAQ:PGY) Shares Gap Up to $7.87

Pagaya Technologies Ltd. (NASDAQ:PGYGet Rating)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $7.87, but opened at $8.05. Pagaya Technologies shares last traded at $7.14, with a volume of 4,719 shares changing hands.

Analyst Ratings Changes

Separately, Moffett Nathanson assumed coverage on Pagaya Technologies in a research report on Monday, September 12th. They set a “market perform” rating and a $12.00 price target on the stock.

Pagaya Technologies Trading Down 67.2 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.31 and a current ratio of 5.31. The company has a 50-day simple moving average of $14.20.

Institutional Trading of Pagaya Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Pagaya Technologies during the 2nd quarter worth approximately $160,964,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Pagaya Technologies during the second quarter worth $6,270,000. Millennium Management LLC bought a new position in Pagaya Technologies in the second quarter valued at $301,000. Whale Rock Capital Management LLC acquired a new stake in Pagaya Technologies in the 2nd quarter valued at $48,660,000. Finally, Jane Street Group LLC bought a new stake in Pagaya Technologies during the 2nd quarter worth about $103,000.

Pagaya Technologies Company Profile

(Get Rating)

Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and the Cayman Islands. It develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its partners include high-growth financial technology companies, incumbent financial institutions, auto finance providers, and brokers.

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