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

Pagaya Technologies Ltd. (NASDAQ:PGYGet Rating) 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 trading hands.

Wall Street Analysts Forecast Growth

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

Pagaya Technologies Trading Down 67.2 %

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in shares of Pagaya Technologies during the second quarter worth approximately $103,000. ExodusPoint Capital Management LP acquired a new stake in Pagaya Technologies during the 2nd quarter valued at $113,000. Millennium Management LLC bought a new position in Pagaya Technologies in the 2nd quarter valued at $301,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Pagaya Technologies in the second quarter worth $6,270,000. Finally, Whale Rock Capital Management LLC bought a new stake in shares of Pagaya Technologies during the second quarter worth $48,660,000.

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.

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