Keefe, Bruyette & Woods Issues Positive Forecast for Figure Technology Solutions (NASDAQ:FIGR) Stock Price

Figure Technology Solutions (NASDAQ:FIGR) had its price target raised by Keefe, Bruyette & Woods from $48.50 to $52.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 34.61% from the company’s current price.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein initiated coverage on Figure Technology Solutions in a research report on Monday, October 6th. They set an “outperform” rating and a $54.00 price objective for the company. Bank of America upped their target price on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $51.00 price objective on shares of Figure Technology Solutions in a research note on Monday. Zacks Research upgraded Figure Technology Solutions to a “hold” rating in a research report on Tuesday, October 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Figure Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

Figure Technology Solutions Price Performance

Shares of NASDAQ FIGR traded down $3.61 during midday trading on Tuesday, hitting $38.63. 990,326 shares of the company traded hands, compared to its average volume of 3,305,522. Figure Technology Solutions has a 12-month low of $30.01 and a 12-month high of $49.50. The firm has a 50-day moving average of $40.51.

Figure Technology Solutions (NASDAQ:FIGR) last issued 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 business had revenue of $156.03 million during the quarter.

Insider Transactions at Figure Technology Solutions

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.00, for a total value of $7,429,275.00. Following the sale, the chief executive officer directly owned 4,092,576 shares of the company’s stock, valued at approximately $102,314,400. This represents a 6.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adam Gilbert Boyden sold 468,860 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.00, for a total value of $11,721,500.00. Following the completion of the transaction, the director directly owned 6,651,158 shares of the company’s stock, valued at approximately $166,278,950. This trade represents a 6.59% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On Figure Technology Solutions

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in shares of Figure Technology Solutions in the third quarter valued at approximately $64,000. SBI Securities Co. Ltd. acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at about $66,000. PNC Financial Services Group Inc. acquired a new stake in Figure Technology Solutions in the 3rd quarter valued at about $73,000. BNP Paribas Financial Markets acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $102,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $200,000.

About Figure Technology Solutions

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.