Figure Technology Solutions (NASDAQ:FIGR) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of Figure Technology Solutions (NASDAQ:FIGR) from a strong-buy rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

FIGR has been the subject of a number of other reports. Texas Capital raised shares of Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, January 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Figure Technology Solutions in a report on Monday, December 29th. Sanford C. Bernstein increased their price target on Figure Technology Solutions from $54.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, January 13th. Bank of America downgraded Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price objective on the stock. in a research note on Tuesday. Finally, Piper Sandler upped their price objective on Figure Technology Solutions from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Figure Technology Solutions Stock Performance

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

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.18. The company had revenue of $156.03 million during the quarter.

Insider Buying and Selling at Figure Technology Solutions

In related news, Director David K. Chao purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was acquired at an average price of $38.26 per share, for a total transaction of $153,040.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $153,040. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael Scott Cagney sold 200,058 shares of Figure Technology Solutions stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total value of $7,882,285.20. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,344,073 shares of company stock worth $123,816,526.

Institutional Inflows and Outflows

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

Key Figure Technology Solutions News

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.