Figure Technology Solutions (NASDAQ:FIGR) Coverage Initiated by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods initiated coverage on shares of Figure Technology Solutions (NASDAQ:FIGR) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $48.50 price objective on the stock.

Several other equities research analysts have also recently commented on the company. Piper Sandler began coverage on Figure Technology Solutions in a research note on Monday. They issued an “overweight” rating and a $50.00 price target for the company. Mizuho began coverage on shares of Figure Technology Solutions in a research note on Monday. They issued an “outperform” rating and a $47.00 target price for the company. Finally, Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.69.

Figure Technology Solutions Price Performance

Shares of NASDAQ FIGR opened at $43.59 on Monday. Figure Technology Solutions has a one year low of $30.01 and a one year high of $46.20.

Insider Activity at Figure Technology Solutions

In other news, Director Adam Gilbert Boyden sold 468,860 shares of Figure Technology Solutions stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $25.00, for a total value of $11,721,500.00. Following the transaction, the director owned 6,651,158 shares of the company’s stock, valued at $166,278,950. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.00, for a total transaction of $7,429,275.00. Following the sale, the chief executive officer directly owned 4,092,576 shares of the company’s stock, valued at approximately $102,314,400. This represents a 6.77% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Figure Technology Solutions Company Profile

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity.