Figure Technology Solutions (NASDAQ:FIGR) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Figure Technology Solutions (NASDAQ:FIGR) in a report released on Thursday morning,Benzinga reports. They currently have a $71.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Mizuho upped their target price on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 17th. The Goldman Sachs Group upped their price objective on shares of Figure Technology Solutions from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Sanford C. Bernstein raised their target price on shares of Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Texas Capital upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. Finally, Piper Sandler upped their price target on shares of Figure Technology Solutions from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.50.

Figure Technology Solutions Price Performance

FIGR stock opened at $39.94 on Thursday. The firm has a market capitalization of $7.03 billion and a price-to-earnings ratio of 117.47. Figure Technology Solutions has a 12 month low of $30.01 and a 12 month high of $78.00. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The company’s 50 day simple moving average is $49.43.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly 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.

Insiders Place Their Bets

In other Figure Technology Solutions news, Director Michael Scott Cagney sold 200,058 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David K. Chao bought 4,000 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were bought at an average cost of $38.26 per share, with a total value of $153,040.00. Following the purchase, the director directly owned 4,000 shares in the company, valued at approximately $153,040. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 3,344,073 shares of company stock valued at $123,816,526 over the last ninety days.

Institutional Trading of Figure Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of FIGR. Strs Ohio purchased a new position in Figure Technology Solutions in the fourth quarter valued at about $34,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Figure Technology Solutions during the 4th quarter valued at about $40,000. Blue Trust Inc. bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $64,000. SBI Securities Co. Ltd. acquired a new position in Figure Technology Solutions in the third quarter worth approximately $66,000. Finally, PNC Financial Services Group Inc. bought a new position in Figure Technology Solutions during the third quarter valued at approximately $73,000.

Trending Headlines about Figure Technology Solutions

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

• Positive Sentiment: Needham & Company reaffirmed a “Buy” on FIGR and set a $71 price target (implying material upside), supporting bullish analyst interest. Needham Reaffirms Buy, $71 PT
• Positive Sentiment: January operating data showed big year-over-year growth (consumer loan marketplace volume $816M, +115% YoY) and strong traction on Democratized Prime (matched offers +23% MoM; borrower demand +17% MoM), reinforcing the company’s growth narrative in tokenized lending. The release also highlights $YLDS circulation growth and Figure’s AAA-rated securitization milestones. Figure Reports January Operating Data
• Positive Sentiment: Figure announced a partnership with Valon Technologies to apply AI and blockchain enhancements to loan origination, which could expand distribution/use of Figure’s LOS and tokenization stack if adoption follows. Valon Technologies, Figure Partner to Enhance Loan Origination
• Neutral Sentiment: Other media pieces and analyst notes (including price-target increases from some outlets) reinforce the bull case and long-term story, but they are commentary rather than new fundamentals. FIGR Price Target Increased to $65.96 (MSN)
• Negative Sentiment: Bank of America lowered its rating on FIGR to “Underperform” — a high-profile downgrade that likely put immediate downward pressure on the stock despite other positive notes. FIGR Rating Lowered to Underperform at Bank of America
• Negative Sentiment: Public filings and data aggregators highlight substantial insider selling activity over recent months (numerous large sales by executives), which can amplify negative sentiment and reduce investor confidence. QuiverQuant: FIGR Operating Data and Insider Activity

Figure Technology Solutions Company Profile

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.