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

Stock analysts at Keefe, Bruyette & Woods began coverage on shares of Figure Technology Solutions (NASDAQ:FIGR) in a research report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $48.50 price target on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 20.35% from the stock’s previous close.

A number of other equities research analysts have also commented on FIGR. Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Mizuho assumed coverage on Figure Technology Solutions in a report on Monday. They issued an “outperform” rating and a $47.00 price objective for the company. Finally, Piper Sandler started coverage on Figure Technology Solutions in a research note on Monday. They set an “overweight” rating and a $50.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.69.

Figure Technology Solutions Price Performance

NASDAQ FIGR opened at $40.30 on Monday. Figure Technology Solutions has a 1-year low of $30.01 and a 1-year high of $46.20.

Insider Buying and Selling

In other Figure Technology Solutions news, Director Adam Gilbert Boyden sold 468,860 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.00, for a total transaction of $11,721,500.00. Following the completion of the sale, the director directly owned 6,651,158 shares in the company, valued at approximately $166,278,950. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 4,092,576 shares in the company, valued at approximately $102,314,400. This trade represents a 6.77% 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.