Integrity Alliance LLC. Acquires New Holdings in Figure Technology Solutions, Inc. $FIGR

Integrity Alliance LLC. bought a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,672 shares of the company’s stock, valued at approximately $741,000.

A number of other hedge funds have also bought and sold shares of FIGR. WPG Advisers LLC raised its stake in Figure Technology Solutions by 71.1% in the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after acquiring an additional 388 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Figure Technology Solutions during the 2nd quarter valued at approximately $47,000. GAMMA Investing LLC boosted its holdings in Figure Technology Solutions by 176.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,690 shares of the company’s stock worth $49,000 after buying an additional 1,079 shares during the period. SBI Securities Co. Ltd. grew its stake in Figure Technology Solutions by 157.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,974 shares of the company’s stock valued at $57,000 after buying an additional 1,207 shares in the last quarter. Finally, State of Wyoming grew its stake in Figure Technology Solutions by 14.8% in the 1st quarter. State of Wyoming now owns 3,864 shares of the company’s stock valued at $131,000 after buying an additional 498 shares in the last quarter.

Figure Technology Solutions Trading Up 8.8%

FIGR stock traded up $1.83 during trading on Friday, reaching $22.73. The company had a trading volume of 5,590,567 shares, compared to its average volume of 4,821,403. The business has a 50 day moving average of $29.39 and a 200 day moving average of $33.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $4.22 billion, a P/E ratio of 24.44, a PEG ratio of 0.33 and a beta of 0.94. Figure Technology Solutions, Inc. has a 52 week low of $19.54 and a 52 week high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.35 earnings per share (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 return on equity of 18.90% and a net margin of 33.45%. As a group, sell-side analysts forecast that Figure Technology Solutions, Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity at Figure Technology Solutions

In related news, CFO Minchung Kgil sold 8,000 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $38.69, for a total value of $309,520.00. Following the completion of the transaction, the chief financial officer owned 483,651 shares of the company’s stock, valued at approximately $18,712,457.19. This represents a 1.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.38, for a total value of $1,495,257.00. Following the completion of the sale, the insider owned 376,599 shares of the company’s stock, valued at $11,817,676.62. The trade was a 11.23% 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. Insiders have sold 59,650 shares of company stock valued at $1,924,897 over the last 90 days. 26.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FIGR shares. Freedom Broker upgraded Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, October 15th. Needham & Company LLC restated a “buy” rating on shares of Figure Technology Solutions in a research note on Wednesday, October 7th. Bank of America reissued a “neutral” rating and issued a $44.00 price target on shares of Figure Technology Solutions in a report on Monday, October 5th. Sanford C. Bernstein upped their target price on Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Four research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Figure Technology Solutions currently has a consensus rating of “Buy” and an average price target of $53.57.

About Figure Technology Solutions

Figure Technology Solutions, Inc is a financial technology company that develops technology-enabled lending and financial services products. The company uses artificial intelligence, blockchain and data-driven underwriting tools to streamline the origination, servicing and management of loans and other financial transactions.

Figure’s platform has supported products including home equity lines of credit, mortgage-related lending and personal loans. Its technology is designed to automate traditionally paper-intensive processes, improve transaction speed and provide digital tools for borrowers, lenders and other financial institutions.

Founded in 2018, Figure is headquartered in the United States and primarily serves the U.S.