Figure Technology Solutions (NASDAQ:FIGR) Trading 7.2% Higher After Analyst Upgrade

Figure Technology Solutions, Inc. (NASDAQ:FIGR) shares were up 7.2% on Tuesday after The Goldman Sachs Group raised their price target on the stock from $51.00 to $58.00. The Goldman Sachs Group currently has a buy rating on the stock. Figure Technology Solutions traded as high as $56.24 and last traded at $55.98. Approximately 2,301,388 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 4,499,885 shares. The stock had previously closed at $52.23.

A number of other equities analysts also recently commented on FIGR. Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Needham & Company LLC reiterated a “buy” rating and set a $51.00 price target on shares of Figure Technology Solutions in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Figure Technology Solutions in a research report on Monday, December 29th. Sanford C. Bernstein raised their price objective on shares of Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Bank of America boosted 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.13.

Insiders Place Their Bets

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 908,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $39.19, for a total value of $35,584,520.00. Following the transaction, the chief executive officer owned 3,921,366 shares of the company’s stock, valued at $153,678,333.54. This represents a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a 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 approximately $231,047,126.46. This trade represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,344,073 shares of company stock valued at $123,816,526.

Figure Technology Solutions News Roundup

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Analyst price‑target upgrades — Sanford C. Bernstein raised its target to $72 and kept an “Outperform” rating, and Goldman Sachs lifted its target to $58 with a “Buy” rating. These upgrades add upward pressure by increasing implied upside and institutional interest. Berninga: Analyst Raises
• Positive Sentiment: Preliminary operating data shows significant growth — December consumer loan marketplace volume of $869M (+134% YoY) and Q4 volume of $2.705B (+131% YoY). On‑chain products also expanded sharply (YLDS in circulation, Democratized Prime matched offers, borrower demand and lender supply all up multiple‑hundreds percent M/M), supporting revenue and scale narratives. These metrics likely drove bullish sentiment. GlobeNewswire: Preliminary Q4/Dec Data
• Neutral Sentiment: Short interest report shows 0 shares (short‑interest ratio 0.0 days) — the data is effectively non‑informative and shouldn’t be driving positioning one way or the other. Monitor future reports for clarity. (Source: exchange short‑interest release)
• Negative Sentiment: Preliminary and unaudited: the operating figures are unaudited and subject to closing adjustments; management also notes a history of losses and material risks (HELOC exposure, regulatory and market risks), which tempers the upside until audited financials are filed. QuiverQuant: Preliminary Data & Risks
• Negative Sentiment: Substantial insider selling over the past 6 months reported by data aggregators — large insider dispositions can weigh on sentiment and supply; investors should watch for additional insider activity. QuiverQuant: Insider Activity

Institutional Trading of Figure Technology Solutions

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

Figure Technology Solutions Price Performance

The firm has a market cap of $9.91 billion and a P/E ratio of 165.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.26 and a quick ratio of 2.26. The stock has a 50 day moving average price of $41.39.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.16 by $0.18. The business had revenue of $156.03 million during 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.