36,115 Shares in Figure Technology Solutions, Inc. $FIGR Bought by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 36,115 shares of the company’s stock, valued at approximately $1,446,000.

A number of other institutional investors have also added to or reduced their stakes in FIGR. Blue Trust Inc. purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at about $64,000. Hennessy Advisors Inc. bought a new position in shares of Figure Technology Solutions in the third quarter worth approximately $255,000. Voya Investment Management LLC purchased a new stake in Figure Technology Solutions in the third quarter valued at approximately $721,000. Emerald Mutual Fund Advisers Trust bought a new stake in Figure Technology Solutions during the third quarter valued at approximately $1,013,000. Finally, CWA Asset Management Group LLC purchased a new position in Figure Technology Solutions in the 3rd quarter worth approximately $1,412,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Figure Technology Solutions from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Zacks Research upgraded Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 2nd. Sanford C. Bernstein upped their price objective on Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a report on Tuesday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $51.00 price objective on shares of Figure Technology Solutions in a report on Monday, November 17th. Finally, Bank of America downgraded Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 target price for the company. in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Figure Technology Solutions Trading Down 14.9%

FIGR opened at $44.54 on Wednesday. Figure Technology Solutions, Inc. has a 12 month low of $30.01 and a 12 month high of $78.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The business has a 50-day moving average of $49.19. The stock has a market capitalization of $7.84 billion and a P/E ratio of 131.00.

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

Insider Activity

In other Figure Technology Solutions news, CFO Minchung Kgil sold 100,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.09, for a total value of $3,509,000.00. Following the sale, the chief financial officer owned 617,149 shares of the company’s stock, valued at $21,655,758.41. This trade represents a 13.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director June Ou sold 500,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the completion of the transaction, the director owned 6,378,993 shares in the company, valued at $231,047,126.46. The trade was a 7.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,344,073 shares of company stock worth $123,816,526 over the last ninety days.

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.