Figure Technology Solutions (NASDAQ:FIGR) Upgraded at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Figure Technology Solutions (NASDAQ:FIGR) from a moderate buy rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

FIGR has been the topic of a number of other reports. Bank of America downgraded shares of Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price target on the stock. in a research report on Tuesday, February 3rd. Texas Capital raised Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. Sanford C. Bernstein upped their target price on Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Zacks Research cut Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Mizuho upped their price objective on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Figure Technology Solutions Stock Down 11.6%

Shares of NASDAQ FIGR opened at $29.12 on Thursday. The company has a market capitalization of $5.13 billion and a PE ratio of 85.65. The company’s 50-day moving average is $48.85. Figure Technology Solutions has a fifty-two week low of $29.02 and a fifty-two week 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.

Insider Buying and Selling

In other news, Director Michael Scott Cagney sold 200,058 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total transaction of $7,882,285.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Benjamin Tannenbaum sold 100,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $35.82, for a total value of $3,582,000.00. Following the sale, the chief executive officer directly owned 3,821,366 shares of the company’s stock, valued at approximately $136,881,330.12. This represents a 2.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 852,573 shares of company stock valued at $31,701,291 in the last three months.

Hedge Funds Weigh In On Figure Technology Solutions

A number of institutional investors have recently bought and sold shares of the stock. Orland Properties Ltd acquired a new stake in Figure Technology Solutions during the 3rd quarter worth about $319,187,000. Vanguard Group Inc. purchased a new position in shares of Figure Technology Solutions in the third quarter worth approximately $91,751,000. Duquesne Family Office LLC acquired a new stake in shares of Figure Technology Solutions during the third quarter valued at approximately $76,989,000. Fred Alger Management LLC purchased a new stake in shares of Figure Technology Solutions in the 4th quarter valued at approximately $67,386,000. Finally, Pantera Capital Partners LP purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $56,114,000.

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.