Figure Technology Solutions, Inc. (NASDAQ:FIGR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.25.

FIGR has been the subject of several analyst reports. Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods cut their price target on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Zacks Research upgraded Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Wall Street Zen downgraded Figure Technology Solutions from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th.

Figure Technology Solutions Stock Down 3.5%

Figure Technology Solutions stock opened at $24.91 on Friday. Figure Technology Solutions has a one year low of $24.28 and a one year high of $78.00. The stock has a market cap of $4.55 billion and a PE ratio of 42.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a fifty day moving average of $30.03 and a 200 day moving average of $36.39.

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $166.84 million during the quarter. As a group, sell-side analysts predict that Figure Technology Solutions will post 0.92 EPS for the current year.

Insider Buying and Selling

In related news, insider David Todd Stevens sold 47,064 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $42.35, for a total value of $1,993,160.40. Following the completion of the sale, the insider directly owned 406,051 shares of the company’s stock, valued at approximately $17,196,259.85. This represents a 10.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Scott Cagney sold 35,190 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total transaction of $1,344,258.00. Following the sale, the director owned 35,190 shares in the company, valued at $1,344,258. The trade was a 50.00% 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. Insiders sold a total of 155,463 shares of company stock worth $5,926,353 in the last ninety days. Corporate insiders own 26.60% of the company’s stock.

Institutional Trading of Figure Technology Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in Figure Technology Solutions in the 4th quarter worth approximately $25,000. WPG Advisers LLC grew its holdings 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 buying an additional 388 shares in the last quarter. Strs Ohio bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC purchased a new position in shares of Figure Technology Solutions in the fourth quarter worth $35,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Figure Technology Solutions in the fourth quarter worth $40,000.

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.