Pagaya Technologies (NASDAQ:PGY) Sees Large Volume Increase

Pagaya Technologies Ltd. (NASDAQ:PGYGet Rating) saw strong trading volume on Tuesday . 144,326 shares traded hands during mid-day trading, a decline of 54% from the previous session’s volume of 315,857 shares.The stock last traded at $2.96 and had previously closed at $6.99.

Analyst Ratings Changes

Separately, Moffett Nathanson assumed coverage on shares of Pagaya Technologies in a report on Monday, September 12th. They issued a “market perform” rating and a $12.00 target price for the company.

Pagaya Technologies Stock Up 0.7 %

The company’s fifty day moving average price is $14.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 5.31 and a current ratio of 5.31.

Institutional Trading of Pagaya Technologies

A number of large investors have recently added to or reduced their stakes in the stock. ExodusPoint Capital Management LP purchased a new stake in Pagaya Technologies during the second quarter worth about $113,000. Jane Street Group LLC bought a new position in shares of Pagaya Technologies in the second quarter valued at approximately $103,000. Whale Rock Capital Management LLC bought a new stake in Pagaya Technologies during the second quarter valued at approximately $48,660,000. Millennium Management LLC bought a new stake in Pagaya Technologies during the second quarter valued at approximately $301,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Pagaya Technologies during the second quarter worth approximately $6,270,000.

About Pagaya Technologies

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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.

Further Reading

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