Figure Technology Solutions (NASDAQ:FIGR) Price Target Raised to $52.00 at Keefe, Bruyette & Woods

Figure Technology Solutions (NASDAQ:FIGR) had its target price boosted by Keefe, Bruyette & Woods from $48.50 to $52.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on FIGR. Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Piper Sandler upped their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday. Sanford C. Bernstein began coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They set an “outperform” rating and a $54.00 price target for the company. Mizuho increased their price objective on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday. Finally, The Goldman Sachs Group raised their price objective on shares of Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.38.

Figure Technology Solutions Stock Performance

NASDAQ FIGR opened at $39.19 on Tuesday. The stock’s 50 day simple moving average is $40.48. Figure Technology Solutions has a one year low of $30.01 and a one year high of $49.50.

Figure Technology Solutions (NASDAQ:FIGR) last announced its earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. The company had revenue of $156.03 million for the quarter.

Insiders Place Their Bets

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

Institutional Trading of Figure Technology Solutions

Several hedge funds have recently bought and sold shares of FIGR. Orland Properties Ltd bought a new position in shares of Figure Technology Solutions during the third quarter worth about $319,187,000. Vanguard Group Inc. acquired a new position in Figure Technology Solutions during the 3rd quarter worth approximately $91,751,000. Duquesne Family Office LLC bought a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $76,989,000. Pantera Capital Partners LP acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $56,114,000. Finally, Capital World Investors bought a new stake in shares of Figure Technology Solutions in the third quarter worth $50,918,000.

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.