Director Sells Shares for Tax Purposes; TD Cowen Initiated Coverage with a Buy Rating on Previous Day

Pagaya director Tami Rosen sold 1,265 Class A Ordinary Shares. A Form 4 filing with the SEC reported this on September 3rd and 4th. The average sale price was $23.07 per share.

The sale satisfied tax liabilities from a compensatory award vesting. It was not a discretionary market sale.

On September 3, TD Cowen initiated coverage on Pagaya Technologies. The firm issued a "Buy" rating. It set a $26 price target.

Analysts highlighted the company's rapid onboarding capabilities and strong earnings growth outlook. These factors contributed to a share price increase.