Figure Technology Solutions, Inc. $FIGR Stock Holdings Lifted by UBS Group AG

UBS Group AG lifted its holdings in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 322.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 885,977 shares of the company’s stock after buying an additional 676,470 shares during the quarter. UBS Group AG’s holdings in Figure Technology Solutions were worth $36,183,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Figure Technology Solutions in the 4th quarter worth about $40,000. SBI Securities Co. Ltd. acquired a new stake in shares of Figure Technology Solutions in the 3rd quarter worth about $66,000. PNC Financial Services Group Inc. acquired a new stake in shares of Figure Technology Solutions in the 3rd quarter worth about $73,000. NBC Securities Inc. acquired a new stake in shares of Figure Technology Solutions in the 4th quarter worth about $92,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Figure Technology Solutions in the 3rd quarter worth about $102,000.

Analyst Upgrades and Downgrades

FIGR has been the topic of a number of analyst reports. Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings cut shares of Figure Technology Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. The Goldman Sachs Group dropped their price objective 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. Needham & Company LLC dropped their price objective 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. Finally, Mizuho dropped their price objective on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.75.

Figure Technology Solutions Stock Up 0.3%

Figure Technology Solutions stock opened at $37.63 on Friday. The stock has a market cap of $6.84 billion and a price-to-earnings ratio of 94.08. 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 company’s 50-day moving average price is $33.76 and its two-hundred day moving average price is $40.33. Figure Technology Solutions, Inc. has a 52 week low of $25.01 and a 52 week high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last released 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 business had revenue of $157.63 million for the quarter, compared to analysts’ expectations of $158.00 million. The business’s revenue was up 90.7% on a year-over-year basis. On average, analysts expect that Figure Technology Solutions, Inc. will post 0.93 EPS for the current fiscal year.

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

Insider Activity

In other Figure Technology Solutions news, Director June Ou sold 67,840 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $35.19, for a total transaction of $2,387,289.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Benjamin Tannenbaum sold 127,369 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $33.35, for a total transaction of $4,247,756.15. Following the transaction, the chief executive officer directly owned 3,250,466 shares in the company, valued at approximately $108,403,041.10. The trade was a 3.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 620,352 shares of company stock worth $20,812,730 in the last 90 days. 26.60% of the stock is currently owned by corporate insiders.

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.