Figure Technology Solutions (NASDAQ:FIGR) Now Covered by Mizuho

Mizuho began coverage on shares of Figure Technology Solutions (NASDAQ:FIGR) in a report issued on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $47.00 price target on the stock.

FIGR has been the topic of a number of other reports. Wall Street Zen raised shares of Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Piper Sandler initiated coverage on shares of Figure Technology Solutions in a research report on Monday. They set an “overweight” rating and a $50.00 price target for the company. 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, Figure Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $46.69.

Figure Technology Solutions Stock Performance

NASDAQ FIGR opened at $43.59 on Monday. Figure Technology Solutions has a 1-year low of $30.01 and a 1-year high of $46.20.

Insiders Place Their Bets

In other news, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 4,092,576 shares in the company, valued at $102,314,400. This trade represents a 6.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adam Gilbert Boyden sold 468,860 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $25.00, for a total value of $11,721,500.00. Following the completion of the transaction, the director owned 6,651,158 shares in the company, valued at approximately $166,278,950. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here.

About Figure Technology Solutions

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.