Keefe, Bruyette & Woods Upgrades Figure Technology Solutions (NASDAQ:FIGR) to “Strong-Buy”

Figure Technology Solutions (NASDAQ:FIGR) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group increased their price target on Figure Technology Solutions from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Zacks Research lowered Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings cut Figure Technology Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 11th. Piper Sandler raised their price objective on shares of Figure Technology Solutions from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Mizuho boosted their target price on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Figure Technology Solutions Price Performance

FIGR stock opened at $29.12 on Thursday. The firm has a market cap of $5.13 billion and a PE ratio of 85.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The stock’s 50 day moving average is $48.85. Figure Technology Solutions has a 1 year low of $29.02 and a 1 year high of $78.00.

Insider Buying and Selling

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 100,000 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $35.82, for a total transaction of $3,582,000.00. Following the completion of the sale, the chief executive officer owned 3,821,366 shares of the company’s stock, valued at approximately $136,881,330.12. This represents a 2.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director June Ou sold 200,058 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total transaction of $7,882,285.20. The disclosure for this sale is available in the SEC filing. Insiders sold 852,573 shares of company stock valued at $31,701,291 over the last 90 days.

Hedge Funds Weigh In On Figure Technology Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of FIGR. Global Retirement Partners LLC acquired a new stake in Figure Technology Solutions during the 4th quarter worth about $25,000. Wells Fargo & Company MN boosted its position in shares of Figure Technology Solutions by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 18,429 shares of the company’s stock valued at $753,000 after purchasing an additional 616 shares in the last quarter. Strs Ohio acquired a new stake in Figure Technology Solutions during the fourth quarter worth approximately $34,000. MetLife Investment Management LLC bought a new stake in Figure Technology Solutions in the fourth quarter worth approximately $35,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Figure Technology Solutions during the 4th quarter worth approximately $40,000.

About Figure Technology Solutions

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.