Figure Technology Solutions, Inc. (NASDAQ:FIGR) Given Average Rating of “Moderate Buy” by Brokerages

Figure Technology Solutions, Inc. (NASDAQ:FIGR) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $50.6250.

Several brokerages recently weighed in on FIGR. 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. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Figure Technology Solutions in a research note on Wednesday, July 8th. Mizuho upped their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods reduced their price objective on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Wall Street Zen lowered Figure Technology Solutions from a “hold” rating to a “sell” rating in a report on Sunday, July 12th.

Figure Technology Solutions Trading Up 0.1%

Shares of FIGR stock opened at $28.62 on Friday. Figure Technology Solutions has a 1-year low of $24.11 and a 1-year high of $78.00. The firm has a market cap of $5.23 billion and a PE ratio of 49.34. The company has a 50-day moving average of $29.37 and a two-hundred day moving average of $35.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90.

Figure Technology Solutions (NASDAQ:FIGR) last announced its earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $166.84 million during the quarter. On average, analysts predict that Figure Technology Solutions will post 0.92 EPS for the current year.

Insiders Place Their Bets

In other Figure Technology Solutions news, insider David Todd Stevens sold 47,064 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $42.35, for a total transaction of $1,993,160.40. Following the sale, the insider owned 406,051 shares of the company’s stock, valued at approximately $17,196,259.85. This trade represents a 10.39% 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. 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 Friday, July 24th. The shares were sold at an average price of $28.13, for a total transaction of $112,520.00. Following the completion of the sale, the chief financial officer directly owned 495,651 shares of the company’s stock, valued at approximately $13,942,662.63. This trade represents a 0.80% 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. In the last three months, insiders sold 155,463 shares of company stock worth $5,926,353. 26.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in Figure Technology Solutions during the 2nd quarter worth approximately $10,875,000. Handelsbanken Fonder AB acquired a new position in shares of Figure Technology Solutions in the second quarter valued at approximately $1,370,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of Figure Technology Solutions during the first quarter worth approximately $511,000. Vestor Capital LLC raised its stake in shares of Figure Technology Solutions by 2,908.7% during the first quarter. Vestor Capital LLC now owns 81,234 shares of the company’s stock worth $2,758,000 after purchasing an additional 78,534 shares during the last quarter. Finally, Feynman Point Asset Management LLC acquired a new stake in shares of Figure Technology Solutions during the first quarter worth $2,865,000.

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. 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.