Wall Street Zen upgraded shares of Figure Technology Solutions (NASDAQ:FIGR – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.
Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Keefe, Bruyette & Woods cut their price target on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Piper Sandler reduced their price target on Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a report on Friday. Finally, Sanford C. Bernstein lifted their price objective on Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Figure Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $50.62.
View Our Latest Stock Report on Figure Technology Solutions
Figure Technology Solutions Price Performance
Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $218.45 million during the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 19.58%. Equities analysts predict that Figure Technology Solutions will post 1.01 earnings per share for the current year.
Insider Transactions at Figure Technology Solutions
In related news, CFO Minchung Kgil sold 9,117 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $30.06, for a total transaction of $274,057.02. Following the completion of the sale, the chief financial officer owned 507,651 shares of the company’s stock, valued at approximately $15,259,989.06. This represents a 1.76% decrease in their position. The transaction 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 14,871 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $37.27, for a total transaction of $554,242.17. Following the completion of the transaction, the chief executive officer owned 3,193,641 shares in the company, valued at $119,027,000.07. The trade was a 0.46% decrease in their position. 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 90 days, insiders sold 42,019 shares of company stock worth $1,364,796. Company insiders own 26.60% of the company’s stock.
Hedge Funds Weigh In On Figure Technology Solutions
A number of hedge funds have recently made changes to their positions in FIGR. Ninepoint Partners LP purchased a new stake in Figure Technology Solutions during the 2nd quarter worth $746,000. Bank of New York Mellon Corp acquired a new stake in Figure Technology Solutions in the 2nd quarter valued at $10,875,000. Handelsbanken Fonder AB purchased a new position in Figure Technology Solutions in the second quarter valued at about $1,370,000. CTC Alternative Strategies Ltd. purchased a new position in Figure Technology Solutions in the first quarter valued at about $511,000. Finally, Vestor Capital LLC lifted its stake in shares of Figure Technology Solutions by 2,908.7% during the first quarter. Vestor Capital LLC now owns 81,234 shares of the company’s stock worth $2,758,000 after purchasing an additional 78,534 shares in the last quarter.
More Figure Technology Solutions News
Here are the key news stories impacting Figure Technology Solutions this week:
- Positive Sentiment: Strong Q2 earnings: Figure reported diluted EPS of $0.35, exceeding the $0.24 consensus estimate, while net revenue reached $225.6 million, up 113% year over year. Net income surged 192% to $87.4 million, and adjusted EBITDA rose 126% to $119.4 million. Figure Technology Solutions Reports Strong Second Quarter 2026 Results
- Positive Sentiment: Marketplace growth and upbeat outlook: Consumer Loan Marketplace volume increased 132% to $4.3 billion, with Figure Connect accounting for 65% of volume. Management projects third-quarter volume of $4.8 billion to $5.2 billion and said the pending Kiavi acquisition remains on track to close in the second half of 2026. Figure Projects Q3 Consumer Loan Marketplace Volume
- Positive Sentiment: Analyst support: Needham reaffirmed its “buy” rating and assigned a $55 price target, implying substantial upside from recent trading levels. Needham Reaffirms Buy Rating on Figure Technology Solutions
- Neutral Sentiment: Figure’s net take rate declined to 3.6% from 4.0% a year earlier, suggesting that competitive pricing or business mix may be tempering monetization even as transaction volume expands.
- Negative Sentiment: Insider selling: CFO Minchung Kgil sold 4,000 shares for approximately $120,120 under a pre-arranged Rule 10b5-1 plan. The relatively small transaction followed a broader pattern of insider sales and no reported purchases, which may weigh on sentiment. SEC Insider Transaction Filing
- Negative Sentiment: The stock remains valued at a relatively high earnings multiple, while Figure continues to identify risks involving lending conditions, regulation, technology, third-party providers and the successful completion of the Kiavi acquisition.
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.
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