Figure Technology Solutions (NASDAQ:FIGR – Free Report) had its price objective raised by The Goldman Sachs Group from $51.00 to $58.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.
FIGR has been the topic of a number of other reports. Jefferies Financial Group initiated coverage on shares of Figure Technology Solutions in a research note on Monday, October 6th. They set a “hold” rating and a $40.00 target price on the stock. Wall Street Zen raised shares of Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Piper Sandler increased their price objective on Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $51.00 target price on shares of Figure Technology Solutions in a research report on Monday, November 17th. Finally, Sanford C. Bernstein increased their price target on Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Figure Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.13.
Read Our Latest Stock Report on Figure Technology Solutions
Figure Technology Solutions Stock Performance
Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last issued its earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18. The company had revenue of $156.03 million during the quarter.
Insider Transactions at Figure Technology Solutions
In other news, Director June Ou sold 500,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 6,378,993 shares in the company, valued at $231,047,126.46. This trade represents a 7.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Scott Cagney sold 500,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $36.22, for a total value of $18,110,000.00. Following the completion of the sale, the director owned 6,378,993 shares in the company, valued at $231,047,126.46. This represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,344,073 shares of company stock valued at $123,816,526 over the last three months.
Institutional Trading of Figure Technology Solutions
Hedge funds have recently made changes to their positions in the business. Orland Properties Ltd purchased a new position in shares of Figure Technology Solutions in the third quarter valued at approximately $319,187,000. Vanguard Group Inc. acquired a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $91,751,000. Duquesne Family Office LLC purchased a new position in Figure Technology Solutions in the 3rd quarter valued at approximately $76,989,000. Pantera Capital Partners LP acquired a new position in shares of Figure Technology Solutions in the third quarter worth $56,114,000. Finally, Capital World Investors purchased a new stake in shares of Figure Technology Solutions during the third quarter worth $50,918,000.
Key Headlines Impacting Figure Technology Solutions
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
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.
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