Zweig DiMenna Associates LLC Makes New Investment in Figure Technology Solutions, Inc. $FIGR

Zweig DiMenna Associates LLC bought a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 294,500 shares of the company’s stock, valued at approximately $10,711,000. Zweig DiMenna Associates LLC owned approximately 0.14% of Figure Technology Solutions as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FIGR. Voya Investment Management LLC purchased a new stake in Figure Technology Solutions in the 3rd quarter valued at $721,000. Exchange Traded Concepts LLC purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at about $5,963,000. Blue Trust Inc. bought a new position in shares of Figure Technology Solutions during the third quarter valued at about $64,000. Hennessy Advisors Inc. bought a new position in shares of Figure Technology Solutions during the third quarter valued at about $255,000. Finally, CWA Asset Management Group LLC purchased a new position in Figure Technology Solutions during the third quarter worth about $1,412,000.

Insider Buying and Selling

In other Figure Technology Solutions news, Director David K. Chao bought 4,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was purchased at an average price of $38.26 per share, for a total transaction of $153,040.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $153,040. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David Todd Stevens sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total transaction of $1,408,800.00. Following the completion of the sale, the insider directly owned 489,000 shares in the company, valued at approximately $17,222,580. This trade represents a 7.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,352,573 shares of company stock worth $84,951,291 in the last quarter.

Figure Technology Solutions Price Performance

NASDAQ:FIGR opened at $35.29 on Tuesday. The stock has a market capitalization of $6.21 billion and a P/E ratio of 103.79. The stock has a fifty day moving average price of $49.43. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17. Figure Technology Solutions, Inc. has a 1 year low of $30.01 and a 1 year high of $78.00.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FIGR shares. Piper Sandler lifted their target price on shares of Figure Technology Solutions from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group lifted their price target on Figure Technology Solutions from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $71.00 price objective on shares of Figure Technology Solutions in a research note on Thursday, February 5th. Keefe, Bruyette & Woods raised their target price on Figure Technology Solutions from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Finally, Bank of America downgraded shares of Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price target on the stock. in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $59.50.

Figure Technology Solutions 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.