Pagaya Technologies (NASDAQ:PGY) Shares Gap Down to $2.20

Shares of Pagaya Technologies Ltd. (NASDAQ:PGYGet Rating) gapped down before the market opened on Friday . The stock had previously closed at $2.20, but opened at $2.08. Pagaya Technologies shares last traded at $2.08, with a volume of 6,822 shares.

Analyst Ratings Changes

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

Pagaya Technologies Trading Down 7.7 %

The company has a current ratio of 5.31, a quick ratio of 5.31 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $14.17.

Institutional Investors Weigh In On Pagaya Technologies

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

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