CWA Asset Management Group LLC Takes $1.41 Million Position in Figure Technology Solutions, Inc. $FIGR

CWA Asset Management Group LLC bought a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,836 shares of the company’s stock, valued at approximately $1,412,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in Figure Technology Solutions in the third quarter valued at approximately $64,000. Hennessy Advisors Inc. purchased a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $255,000. Voya Investment Management LLC acquired a new stake in Figure Technology Solutions during the 3rd quarter worth $721,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Figure Technology Solutions during the 3rd quarter worth $5,963,000.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FIGR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $51.00 price objective on shares of Figure Technology Solutions in a report on Monday, November 17th. Keefe, Bruyette & Woods raised their price target on Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Zacks Research raised Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Wall Street Zen raised Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Finally, Bank of America lifted their target price on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.38.

Insider Activity

In other news, CEO Michael Benjamin Tannenbaum sold 908,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $39.19, for a total transaction of $35,584,520.00. Following the transaction, the chief executive officer directly owned 3,921,366 shares in the company, valued at $153,678,333.54. The trade was a 18.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director June Ou sold 500,000 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the transaction, the director directly owned 6,378,993 shares of the company’s stock, valued at $231,047,126.46. This represents a 7.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,344,073 shares of company stock worth $123,816,526 in the last 90 days.

Figure Technology Solutions Stock Up 5.2%

Figure Technology Solutions stock opened at $56.01 on Wednesday. The stock’s 50 day moving average is $39.85. Figure Technology Solutions, Inc. has a twelve month low of $30.01 and a twelve month high of $56.88. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.16 by $0.18. The company 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.