Figure Technology Solutions, Inc. (NASDAQ:FIGR) Given Average Rating of “Moderate Buy” by Brokerages

Figure Technology Solutions, Inc. (NASDAQ:FIGR) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $50.3750.

A number of brokerages have weighed in on FIGR. Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Piper Sandler raised their price objective on Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Bank of America boosted their target price on Figure Technology Solutions from $41.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Zacks Research upgraded Figure Technology Solutions to a “hold” rating in a research note on Tuesday, October 7th. Finally, Mizuho lifted their price objective on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th.

Insider Buying and Selling at Figure Technology Solutions

In related news, Director Michael Scott Cagney sold 200,058 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Todd Stevens sold 40,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total transaction of $1,408,800.00. Following the completion of the transaction, the insider directly owned 489,000 shares in the company, valued at approximately $17,222,580. This represents a 7.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,344,073 shares of company stock worth $123,816,526 in the last ninety days.

Institutional Trading of Figure Technology Solutions

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new stake in Figure Technology Solutions in the 3rd quarter valued at $64,000. SBI Securities Co. Ltd. acquired a new stake in shares of Figure Technology Solutions during the third quarter worth $66,000. PNC Financial Services Group Inc. bought a new stake in shares of Figure Technology Solutions in the third quarter valued at about $73,000. BNP Paribas Financial Markets acquired a new position in shares of Figure Technology Solutions in the third quarter valued at about $102,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Figure Technology Solutions in the third quarter valued at about $200,000.

Figure Technology Solutions Stock Performance

NASDAQ FIGR opened at $42.21 on Friday. The stock’s fifty day moving average price is $38.89. Figure Technology Solutions has a 1 year low of $30.01 and a 1 year high of $49.50.

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

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. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.