108,175 Shares in Figure Technology Solutions, Inc. $FIGR Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 108,175 shares of the company’s stock, valued at approximately $3,121,000. Lisanti Capital Growth LLC owned approximately 0.06% of Figure Technology Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brooklands Fund Management Ltd purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at $24,600,000. Maplelane Capital LLC acquired a new position in Figure Technology Solutions during the 1st quarter worth about $23,120,000. Hiddenite Capital Partners LP purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $14,569,000. Bank of New York Mellon Corp purchased a new position in Figure Technology Solutions during the 2nd quarter valued at about $10,875,000. Finally, Granahan Investment Management LLC grew its position in Figure Technology Solutions by 40.6% in the 1st quarter. Granahan Investment Management LLC now owns 935,400 shares of the company’s stock valued at $31,757,000 after acquiring an additional 269,882 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FIGR shares. Sanford C. Bernstein boosted their price target on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Freedom Capital raised shares of Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, October 15th. Bank of America reissued a “neutral” rating and issued a $44.00 price objective on shares of Figure Technology Solutions in a research note on Monday, October 5th. The Goldman Sachs Group set a $41.00 price objective on shares of Figure Technology Solutions in a report on Wednesday, October 7th. Finally, Weiss Ratings downgraded shares of Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.43.

Insiders Place Their Bets

In other Figure Technology Solutions news, CFO Minchung Kgil sold 8,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.69, for a total value of $309,520.00. Following the sale, the chief financial officer directly owned 483,651 shares in the company, valued at $18,712,457.19. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of Figure Technology Solutions stock in a transaction dated 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 sale, the insider directly owned 376,599 shares of the company’s stock, valued at $11,817,676.62. This trade represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 26.60% of the stock is owned by company insiders.

Figure Technology Solutions Trading Up 3.6%

NASDAQ FIGR opened at $24.19 on Thursday. Figure Technology Solutions, Inc. has a 52 week low of $19.54 and a 52 week high of $78.00. The firm has a 50 day moving average of $28.71 and a two-hundred day moving average of $32.82. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4.49 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 0.35 and a beta of 0.94.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $218.45 million for the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. As a group, research analysts expect that Figure Technology Solutions, Inc. will post 1.18 EPS for the current fiscal year.

About Figure Technology Solutions

Figure Technology Solutions is a financial technology company that develops blockchain-based platforms for lending and capital markets. Its technology is designed to digitize and streamline financial transactions, including loan origination and the trading of financial assets. The company’s offerings include home equity financing and technology for financial institutions and other lending partners. Figure also operates digital marketplaces and provides services supporting the issuance and transfer of assets on the Provenance Blockchain.