Figure Technology Solutions (NASDAQ:FIGR) Price Target Raised to $72.00

Figure Technology Solutions (NASDAQ:FIGR) had its price objective increased by Sanford C. Bernstein from $54.00 to $72.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Figure Technology Solutions in a report on Monday, December 29th. Mizuho increased their price target on Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Bank of America boosted their price objective on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Piper Sandler upped their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.63.

Figure Technology Solutions Trading Up 15.8%

Shares of FIGR stock opened at $64.66 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. Figure Technology Solutions has a twelve month low of $30.01 and a twelve month high of $64.98. The firm’s 50-day moving average price is $42.31. The firm has a market cap of $11.39 billion and a PE ratio of 190.18.

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

Insider Activity

In related news, CEO Michael Benjamin Tannenbaum sold 90,026 shares of Figure Technology Solutions stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $35.12, for a total value of $3,161,713.12. Following the completion of the transaction, the chief executive officer directly owned 3,641,903 shares in the company, valued at approximately $127,903,633.36. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director June Ou sold 200,058 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total value of $7,882,285.20. The disclosure for this sale is available in the SEC filing. Insiders sold 3,344,073 shares of company stock worth $123,816,526 over the last 90 days.

Hedge Funds Weigh In On Figure Technology Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. acquired a new stake in Figure Technology Solutions in the third quarter valued at approximately $64,000. SBI Securities Co. Ltd. purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $66,000. PNC Financial Services Group Inc. acquired a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at $73,000. BNP Paribas Financial Markets purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $102,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $200,000.

Key Stories Impacting Figure Technology Solutions

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

• Positive Sentiment: Figure announced the On-Chain Public Equity Network (OPEN), a blockchain-native listing framework that lets companies register equity directly on Provenance blockchain — a structural product launch that can open new revenue streams and disintermediate traditional custodial/DTCC processes. Figure Announces the On-chain Public Equity Network (OPEN)
• Positive Sentiment: Reports detail Figure’s new on-chain stock lending platform and direct blockchain trading capability — moves that could expand fee revenue and reduce counterparty frictions for institutional counterparties. Figure Technology unveils blockchain platform for direct stock lending: Report
• Positive Sentiment: Piper Sandler raised its price target to $75 and kept an “overweight” rating, providing momentum and a higher valuation reference for investors. Piper Sandler price target raise
• Positive Sentiment: Sanford C. Bernstein published a bullish forecast calling for strong price appreciation, adding further institutional support to the buy-side narrative. Sanford C. Bernstein Forecasts Strong Price Appreciation for Figure Technology Solutions (NASDAQ:FIGR) Stock
• Positive Sentiment: Goldman Sachs reiterated a Buy on FIGR, which reinforces confidence from a major Wall Street firm and likely supports demand for the shares. Goldman Sachs Remains a Buy on Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Company updates and coverage note steady loan origination volumes and business growth, supporting the argument that product launches sit on improving core fundamentals. Figure Technology Solutions Reports Steady Loan Origination Volume and Business Growth
• Positive Sentiment: Recent analyst activity and upgrades have already triggered price moves (coverage noted a 7.2% intraday rise tied to an upgrade), generating momentum and higher trading volume. Figure Technology Solutions (NASDAQ:FIGR) Stock Price Up 7.2% on Analyst Upgrade
• Neutral Sentiment: Consensus analyst view is an average “Moderate Buy,” which supports continued interest but indicates not all analysts are uniformly bullish. Figure Technology Solutions, Inc. (NASDAQ:FIGR) Given Average Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Coverage pieces (e.g., Blockonomi) emphasize the strategic narrative of cutting out traditional intermediaries; useful for investor context but largely reiterative of the OPEN and lending announcements. Figure Technology (FIGR) Stock: Cuts Wall Street Out with Direct Blockchain Trading

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.