Needham & Company LLC Issues Pessimistic Forecast for Figure Technology Solutions (NASDAQ:FIGR) Stock Price

Figure Technology Solutions (NASDAQ:FIGR) had its price objective dropped by equities research analysts at Needham & Company LLC from $55.00 to $50.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective would suggest a potential upside of 94.78% from the stock’s previous close.

FIGR has been the subject of a number of other reports. Wall Street Zen raised shares of Figure Technology Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Freedom Capital upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, October 15th. Bank of America reaffirmed a “neutral” rating and issued a $44.00 target price on shares of Figure Technology Solutions in a report on Monday, October 5th. Freedom Broker upgraded Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, October 15th. Finally, Weiss Ratings cut Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, September 11th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Figure Technology Solutions has an average rating of “Moderate Buy” and an average price target of $51.71.

Figure Technology Solutions Trading Up 6.1%

Figure Technology Solutions stock opened at $25.67 on Friday. The firm has a 50 day moving average of $28.56 and a 200 day moving average of $32.63. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 0.36 and a beta of 0.94. Figure Technology Solutions has a 12-month low of $19.54 and a 12-month high of $78.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22.

Figure Technology Solutions (NASDAQ:FIGR) last released its earnings results on Thursday, November 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. The company had revenue of $283.35 million for the quarter. During the same quarter in the previous year, the business posted $0.34 EPS. Figure Technology Solutions’s revenue was up 84.0% on a year-over-year basis. As a group, research analysts predict that Figure Technology Solutions will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In other Figure Technology Solutions news, CFO Minchung Kgil sold 8,000 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $38.69, for a total transaction of $309,520.00. Following the completion of the sale, the chief financial officer directly owned 483,651 shares of the company’s stock, valued at $18,712,457.19. This trade represents a 1.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 26.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Figure Technology Solutions

Hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP bought a new stake in Figure Technology Solutions in the 1st quarter valued at $1,098,000. Temasek Holdings Private Ltd purchased a new position in Figure Technology Solutions during the 1st quarter valued at approximately $1,415,000. Principal Financial Group Inc. purchased a new position in Figure Technology Solutions during the 1st quarter valued at approximately $8,125,000. The Manufacturers Life Insurance Company increased its stake in Figure Technology Solutions by 660.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 42,717 shares of the company’s stock worth $1,450,000 after acquiring an additional 37,100 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new stake in Figure Technology Solutions in the 2nd quarter worth approximately $3,398,000.

Top Figure Technology Solutions Stories

These are some of the FIGR stories that stood out recently:

• Positive Sentiment: FIGR earned $0.36 per share, beating the $0.31 consensus estimate, while revenue rose 84% year over year to $283.35 million. The earnings and revenue beat, alongside strong growth discussed on the call, could support sentiment. Article: Figure Technology Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management’s earnings-call discussion highlighted growth in Figure’s loan marketplace, reinforcing the company’s expansion story. Article: Q3 2026 Earnings Call Highlights
• Negative Sentiment: Zacks Research recently lowered its rating on FIGR from “strong buy” to “hold,” a cautious signal that may weigh on the shares despite the earnings beat. Article: Zacks Research Stock Recommendations

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.