Figure Technology Solutions, Inc. $FIGR Stock Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 92.4% during the third quarter, HoldingsChannel reports. The fund owned 192,421 shares of the company’s stock after buying an additional 92,421 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Figure Technology Solutions were worth $5,551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. WPG Advisers LLC grew its position in Figure Technology Solutions by 71.1% during the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after purchasing an additional 388 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Figure Technology Solutions during the 2nd quarter valued at about $47,000. GAMMA Investing LLC raised its holdings in Figure Technology Solutions by 176.6% in the third quarter. GAMMA Investing LLC now owns 1,690 shares of the company’s stock worth $49,000 after buying an additional 1,079 shares during the last quarter. State of Wyoming raised its holdings in Figure Technology Solutions by 14.8% in the first quarter. State of Wyoming now owns 3,864 shares of the company’s stock worth $131,000 after buying an additional 498 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in Figure Technology Solutions in the first quarter worth about $133,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $41.00 price target on shares of Figure Technology Solutions in a report on Wednesday, October 7th. Bank of America restated a “neutral” rating and issued a $44.00 price objective on shares of Figure Technology Solutions in a report on Monday, October 5th. Piper Sandler lowered their price objective on Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Needham & Company LLC reiterated a “buy” rating on shares of Figure Technology Solutions in a research note on Wednesday, October 7th. Finally, Sanford C. Bernstein lifted their target price on Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Figure Technology Solutions has a consensus rating of “Buy” and a consensus price target of $53.57.

Insider Buying and Selling

In other news, CFO Minchung Kgil sold 8,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $38.69, for a total transaction of $309,520.00. Following the transaction, the chief financial officer directly owned 483,651 shares of the company’s stock, valued at $18,712,457.19. This represents a 1.63% decrease in their position. The transaction 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, insider David Stevens sold 47,650 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider owned 376,599 shares in the company, valued at approximately $11,817,676.62. This trade represents a 11.23% 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 90 days, insiders have sold 59,650 shares of company stock worth $1,924,897. 26.60% of the stock is owned by insiders.

Figure Technology Solutions Price Performance

FIGR opened at $23.19 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market capitalization of $4.31 billion and a P/E ratio of 24.94. The company’s 50-day simple moving average is $32.40 and its two-hundred day simple moving average is $32.16. Figure Technology Solutions, Inc. has a 52-week low of $22.60 and a 52-week high of $78.00.

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

Figure Technology Solutions Company Profile

Figure Technology Solutions, Inc is a financial technology company that develops technology-enabled lending and financial services products. The company uses artificial intelligence, blockchain and data-driven underwriting tools to streamline the origination, servicing and management of loans and other financial transactions.

Figure’s platform has supported products including home equity lines of credit, mortgage-related lending and personal loans. Its technology is designed to automate traditionally paper-intensive processes, improve transaction speed and provide digital tools for borrowers, lenders and other financial institutions.

Founded in 2018, Figure is headquartered in the United States and primarily serves the U.S.