Tudor Investment Corp ET AL Buys New Shares in Figure Technology Solutions, Inc. $FIGR

Tudor Investment Corp ET AL bought a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 220,106 shares of the company’s stock, valued at approximately $8,005,000. Tudor Investment Corp ET AL owned about 0.12% of Figure Technology Solutions as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in FIGR. Blue Trust Inc. bought a new position in shares of Figure Technology Solutions during the 3rd quarter valued at $64,000. SBI Securities Co. Ltd. bought a new position in shares of Figure Technology Solutions during the 3rd quarter valued at $66,000. PNC Financial Services Group Inc. bought a new stake in Figure Technology Solutions in the 3rd quarter worth $73,000. BNP Paribas Financial Markets bought a new stake in Figure Technology Solutions in the 3rd quarter worth $102,000. Finally, Ameritas Advisory Services LLC bought a new stake in Figure Technology Solutions in the 3rd quarter worth $200,000.

Insider Activity

In other news, Director Sachin Chand Jaitly sold 216,713 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $33.64, for a total transaction of $7,290,225.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David Todd Stevens sold 49,708 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $32.02, for a total transaction of $1,591,650.16. Following the sale, the insider owned 436,089 shares in the company, valued at approximately $13,963,569.78. This trade represents a 10.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 292,478 shares of company stock valued at $9,715,699.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FIGR shares. Needham & Company LLC cut their price target on shares of Figure Technology Solutions from $71.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Keefe, Bruyette & Woods raised shares of Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, February 19th. Bank of America lowered shares of Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price target on the stock. in a report on Tuesday, February 3rd. The Goldman Sachs Group cut their price target on shares of Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Finally, Zacks Research lowered shares of Figure Technology Solutions from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Figure Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $53.75.

Figure Technology Solutions Trading Down 6.4%

NASDAQ:FIGR opened at $32.30 on Tuesday. The company has a 50-day moving average price of $36.79 and a 200-day moving average price of $41.36. Figure Technology Solutions, Inc. has a 12 month low of $25.01 and a 12 month high of $78.00. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.73 billion and a price-to-earnings ratio of 80.75.

Figure Technology Solutions (NASDAQ:FIGR) last posted its earnings results on Thursday, February 26th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.07). The firm had revenue of $157.63 million for the quarter, compared to analysts’ expectations of $158.00 million. Figure Technology Solutions’s revenue was up 90.7% compared to the same quarter last year.

Figure Technology Solutions declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Figure Technology Solutions Company 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.