Figure Technology Solutions (NASDAQ:FIGR) Stock Rating Lowered by Zacks Research

Figure Technology Solutions (NASDAQ:FIGR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other analysts also recently issued reports on FIGR. Piper Sandler lifted their price target on Figure Technology Solutions from $55.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Mizuho boosted their price objective on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Figure Technology Solutions in a research note on Monday, December 29th. Texas Capital upgraded Figure Technology Solutions to a “strong-buy” rating in a research report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Figure Technology Solutions from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.50.

Figure Technology Solutions Stock Down 7.0%

FIGR stock opened at $39.94 on Wednesday. Figure Technology Solutions has a twelve month low of $30.01 and a twelve month high of $78.00. The stock has a market cap of $7.03 billion and a price-to-earnings ratio of 117.47. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17. The firm’s 50-day moving average is $49.43.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. The firm had revenue of $156.03 million during the quarter.

Insider Buying and Selling at Figure Technology Solutions

In other Figure Technology Solutions news, Director June Ou sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the completion of the transaction, the director owned 6,378,993 shares of the company’s stock, valued at approximately $231,047,126.46. This trade represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Minchung Kgil sold 100,000 shares of Figure Technology Solutions stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $35.09, for a total transaction of $3,509,000.00. Following the transaction, the chief financial officer owned 617,149 shares of the company’s stock, valued at $21,655,758.41. The trade was a 13.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,344,073 shares of company stock valued at $123,816,526 in the last quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIGR. Orland Properties Ltd purchased a new position in Figure Technology Solutions during the third quarter valued at $319,187,000. Vanguard Group Inc. bought a new position in shares of Figure Technology Solutions during the third quarter valued at $91,751,000. Duquesne Family Office LLC purchased a new position in shares of Figure Technology Solutions in the 3rd quarter worth about $76,989,000. Pantera Capital Partners LP bought a new position in Figure Technology Solutions in the 3rd quarter worth about $56,114,000. Finally, Capital World Investors purchased a new stake in Figure Technology Solutions during the 3rd quarter valued at about $50,918,000.

Key Figure Technology Solutions News

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Needham & Company reaffirmed a “Buy” on FIGR and set a $71 price target (implying material upside), supporting bullish analyst interest. Needham Reaffirms Buy, $71 PT
• Positive Sentiment: January operating data showed big year-over-year growth (consumer loan marketplace volume $816M, +115% YoY) and strong traction on Democratized Prime (matched offers +23% MoM; borrower demand +17% MoM), reinforcing the company’s growth narrative in tokenized lending. The release also highlights $YLDS circulation growth and Figure’s AAA-rated securitization milestones. Figure Reports January Operating Data
• Positive Sentiment: Figure announced a partnership with Valon Technologies to apply AI and blockchain enhancements to loan origination, which could expand distribution/use of Figure’s LOS and tokenization stack if adoption follows. Valon Technologies, Figure Partner to Enhance Loan Origination
• Neutral Sentiment: Other media pieces and analyst notes (including price-target increases from some outlets) reinforce the bull case and long-term story, but they are commentary rather than new fundamentals. FIGR Price Target Increased to $65.96 (MSN)
• Negative Sentiment: Bank of America lowered its rating on FIGR to “Underperform” — a high-profile downgrade that likely put immediate downward pressure on the stock despite other positive notes. FIGR Rating Lowered to Underperform at Bank of America
• Negative Sentiment: Public filings and data aggregators highlight substantial insider selling activity over recent months (numerous large sales by executives), which can amplify negative sentiment and reduce investor confidence. QuiverQuant: FIGR Operating Data and Insider Activity

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.