Figure Technology Solutions, Inc. (NASDAQ:FIGR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Figure Technology Solutions, Inc. (NASDAQ:FIGR) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $46.6875.

A number of equities research analysts recently issued reports on FIGR shares. Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Sanford C. Bernstein assumed coverage on Figure Technology Solutions in a report on Monday. They issued an “outperform” rating and a $54.00 price objective on the stock. Bank of America assumed coverage on Figure Technology Solutions in a report on Monday. They issued a “neutral” rating and a $41.00 price objective on the stock. Jefferies Financial Group initiated coverage on Figure Technology Solutions in a report on Monday. They issued a “hold” rating and a $40.00 price objective on the stock. Finally, Mizuho initiated coverage on Figure Technology Solutions in a research note on Monday. They issued an “outperform” rating and a $47.00 target price on the stock.

Figure Technology Solutions Stock Down 2.4%

Figure Technology Solutions stock opened at $40.30 on Monday. Figure Technology Solutions has a one year low of $30.01 and a one year high of $46.20.

Insider Activity

In related news, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00. Following the sale, the chief executive officer directly owned 4,092,576 shares of the company’s stock, valued at $102,314,400. This trade represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Adam Gilbert Boyden sold 468,860 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.00, for a total transaction of $11,721,500.00. Following the completion of the transaction, the director owned 6,651,158 shares of the company’s stock, valued at approximately $166,278,950. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here.

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.