Mizuho Boosts Figure Technology Solutions (NASDAQ:FIGR) Price Target to $56.00

Figure Technology Solutions (NASDAQ:FIGR) had its target price boosted by research analysts at Mizuho from $47.00 to $56.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 42.89% from the company’s current price.

FIGR has been the topic of several other research reports. Jefferies Financial Group started coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 price objective on the stock. Zacks Research upgraded shares of Figure Technology Solutions to a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $51.00 price objective on shares of Figure Technology Solutions in a report on Monday. Finally, Bank of America initiated coverage on Figure Technology Solutions in a report on Monday, October 6th. They set a “neutral” rating and a $41.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Figure Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $50.38.

Figure Technology Solutions Trading Down 7.2%

Shares of NASDAQ FIGR opened at $39.19 on Monday. Figure Technology Solutions has a one year low of $30.01 and a one year high of $49.50. The company has a 50-day moving average price of $40.48.

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

Insider Activity

In related news, 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 transaction of $11,721,500.00. Following the completion of the transaction, the director owned 6,651,158 shares of the company’s stock, valued at approximately $166,278,950. The trade was a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the 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 $7,429,275.00. Following the completion of the sale, the chief executive officer directly owned 4,092,576 shares of the company’s stock, valued at $102,314,400. This represents a 6.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Figure Technology Solutions

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

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.