Streetbeat News

PGY

Pagaya Technologies Ltd.

https://www.pagaya.com

Industry

Software - Infrastructure

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. The company was founded in 2016 and is headquartered in Tel Aviv, Israel.

Open

9.49

Mkt cap

642M

Volume

3.7M

High

9.52

P/E Ratio

-4.74

52-wk high

20.51

Low

8.66

Div yield

N/A

52-wk low

8.56

In Thursday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included NextTrip, Turtle Beach, Presto Automation, Veritone, Minim, and Bit Origin, with increases ranging from 15.38% to 33.4%. On the losing side, Pagaya Techs, CXApp, XTI Aerospace, NextNav, SentinelOne, and Argo Blockchain saw declines between 14.33% and 21.7%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

In Thursday's pre-market session, 12 Information Technology stocks showed significant movements. Presto Automation, CCSC Technology, Turtle Beach, Auddia, BigBear.ai Hldgs, and MicroCloud Hologram were among the gainers, with Presto Automation leading with a 57.8% increase. On the downside, Pagaya Techs, Enfusion, Verb Tech, SentinelOne, CXApp, and Applied Optoelectronics experienced declines, with Pagaya Techs dropping 15.5%. Notably, Turtle Beach, Enfusion, and SentinelOne's movements were influenced by their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 1:06 pm

Auddia announced a beta program for subscription podcasting with a pay-per-play model on the Faidr app, boosting AUUD shares by 42%. Turtle Beach's acquisition of PDP and Q4 financial results led to a 31% increase in HEAR shares. Pagaya Technologies' announcement of a public offering at $12.70 per share resulted in a 15% decrease in PGY shares.

Portfolio Pulse from ryanfaloona@benzinga.com

March 14, 2024 | 12:42 pm

Robinhood Markets, Inc. (NASDAQ:HOOD) shares rose by approximately 12% in pre-market trading after announcing an increase in total funded customers to 23.6 million in February. Other stocks also showed significant movement in pre-market trading, with notable gainers including ShiftPixy, Inc. (NASDAQ:PIXY) and losers such as Spruce Biosciences, Inc. (NASDAQ:SPRB).

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:05 pm

Pagaya Technologies announced the pricing of an underwritten public offering of 7.5 million Class A shares at $12.70 per share, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 11:46 am

Pagaya Technologies has announced the pricing of an underwritten public offering of 7,500,000 Class A ordinary shares at a price of $12.70 per share.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 10:48 am

Hello Group Inc. (MOMO) reported Q4 financial results, surpassing earnings and sales estimates but saw its shares fall 19.1% in pre-market trading. Other stocks like Pagaya Technologies (PGY), Futu Holdings (FUTU), SentinelOne (S), UP Fintech Holding (TIGR), Nukkleus (NUKK), HUTCHMED (HCM), Applied Optoelectronics (AAOI), and Anheuser-Busch InBev (BUD) also recorded losses in pre-market trading due to various reasons including financial results, share offerings, and investment sales.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 9:52 am

In Wednesday's after-market session, several Information Technology stocks showed significant movement. Presto Automation (PRST) led the gainers with a 50.1% increase, while SentinelOne (S) experienced the largest drop among the losers, declining by 11.4%. Notably, Turtle Beach (HEAR) and SentinelOne (S) released their Q4 earnings reports, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 9:32 pm

Pagaya Technologies Ltd. has initiated an underwritten public offering of 6.5 million shares, leading to a decrease in its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:56 pm

Pagaya Technologies has announced a public offering of 6.50 million Class A Ordinary Shares, with an option for underwriters to purchase up to 975,000 additional shares. The proceeds are intended for general corporate purposes and to support future growth, including working capital and investments.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:46 pm

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