Endeavour Capital Advisors Inc. Purchases 28,140 Shares of Figure Technology Solutions, Inc. $FIGR

Endeavour Capital Advisors Inc. raised its position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 322,851 shares of the company’s stock after buying an additional 28,140 shares during the period. Figure Technology Solutions accounts for about 3.7% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 11th biggest position. Endeavour Capital Advisors Inc.’s holdings in Figure Technology Solutions were worth $13,185,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Orland Properties Ltd bought a new position in shares of Figure Technology Solutions in the third quarter valued at approximately $319,187,000. Vanguard Group Inc. bought a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $91,751,000. Duquesne Family Office LLC acquired a new stake in Figure Technology Solutions during the 3rd quarter valued at $76,989,000. Pantera Capital Partners LP acquired a new stake in Figure Technology Solutions during the 3rd quarter valued at $56,114,000. Finally, Capital World Investors bought a new position in Figure Technology Solutions in the 3rd quarter valued at $50,918,000.

Insider Activity at Figure Technology Solutions

In other news, CEO Michael Benjamin Tannenbaum sold 2,031 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $36.03, for a total transaction of $73,176.93. Following the completion of the sale, the chief executive officer owned 3,193,641 shares in the company, valued at $115,066,885.23. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Scott Cagney sold 35,190 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $38.20, for a total transaction of $1,344,258.00. Following the sale, the director directly owned 35,190 shares of the company’s stock, valued at approximately $1,344,258. This trade represents a 50.00% 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. Insiders have sold 728,641 shares of company stock worth $25,288,002 over the last 90 days. Insiders own 26.60% of the company’s stock.

Figure Technology Solutions Price Performance

NASDAQ FIGR opened at $33.95 on Tuesday. The stock has a market capitalization of $6.20 billion and a P/E ratio of 58.53. Figure Technology Solutions, Inc. has a 52 week low of $25.01 and a 52 week high of $78.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 1.90. The stock has a fifty day moving average of $35.07 and a 200-day moving average of $40.12.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $166.84 million during the quarter. On average, equities research analysts forecast that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Figure Technology Solutions declared that its board has initiated a stock buyback program on Thursday, February 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Mizuho increased their target price on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Figure Technology Solutions in a report on Wednesday, May 13th. Sanford C. Bernstein reduced their price target on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods upgraded shares of Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $53.63.

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.