Kera Capital Partners Inc. Invests $742,000 in Figure Technology Solutions, Inc. $FIGR

Kera Capital Partners Inc. purchased a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,850 shares of the company’s stock, valued at approximately $742,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new stake in Figure Technology Solutions in the third quarter worth about $9,221,000. Franklin Resources Inc. bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at about $5,456,000. BNP Paribas Financial Markets purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter worth approximately $102,000. UBS Group AG bought a new position in shares of Figure Technology Solutions during the third quarter valued at approximately $7,620,000. Finally, Invesco Ltd. bought a new position in shares of Figure Technology Solutions during the third quarter valued at approximately $25,451,000.

Insider Transactions at Figure Technology Solutions

In other news, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $36.03, for a total value of $73,176.93. Following the completion of the sale, the chief executive officer owned 3,193,641 shares of the company’s stock, valued at $115,066,885.23. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $30.03, for a total value of $120,120.00. Following the transaction, the chief financial officer owned 499,651 shares in the company, valued at approximately $15,004,519.53. This trade represents a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 343,657 shares of company stock worth $12,136,284. 26.60% of the stock is currently owned by corporate insiders.

Figure Technology Solutions Trading Down 6.2%

NASDAQ:FIGR opened at $28.97 on Friday. Figure Technology Solutions, Inc. has a 52 week low of $25.01 and a 52 week high of $78.00. The firm has a 50 day moving average of $32.11 and a 200 day moving average of $37.85. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.29 billion and a price-to-earnings ratio of 49.95.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $166.84 million during the quarter. As a group, sell-side analysts anticipate that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FIGR has been the subject of a number of recent research reports. Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Piper Sandler dropped their target price on Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday. Sanford C. Bernstein cut their price target on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Bank of America dropped their price objective on Figure Technology Solutions from $34.00 to $31.00 in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.25.

Figure Technology Solutions 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.