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

Shares of Figure Technology Solutions, Inc. (NASDAQ:FIGRGet Free Report) have been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $53.6250.

Several research analysts have issued reports on the company. Mizuho boosted their target price on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Bank of America dropped their target price on Figure Technology Solutions from $34.00 to $31.00 in a research report on Thursday, April 2nd. The Goldman Sachs Group dropped their target price on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Sanford C. Bernstein dropped their target price on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Finally, Keefe, Bruyette & Woods upgraded Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 19th.

Get Our Latest Analysis on FIGR

Insider Buying and Selling at Figure Technology Solutions

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 127,369 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $33.35, for a total transaction of $4,247,756.15. Following the completion of the transaction, the chief executive officer owned 3,250,466 shares in the company, valued at $108,403,041.10. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 67,840 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $35.19, for a total transaction of $2,387,289.60. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 511,928 shares of company stock valued at $17,997,776. 26.60% of the stock is owned by company insiders.

Institutional Trading of Figure Technology Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $25,000. Strs Ohio bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $35,000. WPG Advisers LLC raised its stake in shares of Figure Technology Solutions by 71.1% during the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after acquiring an additional 388 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $40,000.

Figure Technology Solutions Trading Down 0.8%

FIGR opened at $27.93 on Friday. The firm has a market cap of $5.10 billion and a P/E ratio of 48.16. Figure Technology Solutions has a 12 month low of $25.01 and a 12 month high of $78.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $34.50 and a 200 day moving average of $39.49.

Figure Technology Solutions (NASDAQ:FIGRGet Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $166.84 million for the quarter. As a group, research analysts forecast that Figure Technology Solutions will post 0.94 EPS for the current year.

Figure Technology Solutions declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Figure Technology Solutions

(Get Free Report)

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.

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Analyst Recommendations for Figure Technology Solutions (NASDAQ:FIGR)

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