Figure Technology Solutions (NASDAQ:FIGR) Coverage Initiated at Sanford C. Bernstein

Research analysts at Sanford C. Bernstein started 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 $54.00 price target on the stock. Sanford C. Bernstein’s price objective indicates a potential upside of 34.00% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on FIGR. Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. The Goldman Sachs Group began coverage on Figure Technology Solutions in a research note on Monday. They issued a “buy” rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods began coverage on Figure Technology Solutions in a report on Monday. They issued an “outperform” rating and a $48.50 price objective for the company. Mizuho assumed coverage on Figure Technology Solutions in a research note on Monday. They set an “outperform” rating and a $47.00 target price on the stock. Finally, Piper Sandler started coverage on Figure Technology Solutions in a research note on Monday. They issued an “overweight” rating and a $50.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.69.

Figure Technology Solutions Stock Performance

Shares of Figure Technology Solutions stock opened at $40.30 on Monday. Figure Technology Solutions has a 52-week low of $30.01 and a 52-week high of $46.20.

Insider Transactions at Figure Technology Solutions

In other news, Director Adam Gilbert Boyden sold 468,860 shares of Figure Technology Solutions stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.00, for a total value of $11,721,500.00. Following the completion of the transaction, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.00, for a total value of $7,429,275.00. Following the sale, the chief executive officer owned 4,092,576 shares in the company, valued at $102,314,400. The trade was a 6.77% decrease in their position. The disclosure for this sale can be found here.

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.