Figure Technology Solutions, Inc. (NASDAQ:FIGR) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Figure Technology Solutions, Inc. (NASDAQ:FIGR) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $51.71.

FIGR has been the topic of several research reports. Bank of America restated a “neutral” rating and set a $44.00 price objective on shares of Figure Technology Solutions in a report on Monday, October 5th. Freedom Capital upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, October 15th. Weiss Ratings downgraded shares of Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. Freedom Broker upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, October 15th. Finally, Sanford C. Bernstein raised their price target on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th.

Insider Activity at Figure Technology Solutions

In other news, CFO Minchung Kgil sold 8,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.69, for a total value of $309,520.00. Following the completion of the sale, the chief financial officer directly owned 483,651 shares of the company’s stock, valued at $18,712,457.19. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 26.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Figure Technology Solutions

Several institutional investors have recently bought and sold shares of FIGR. Integrated Wealth Concepts LLC purchased a new position in Figure Technology Solutions during the 2nd quarter worth $47,000. WPG Advisers LLC raised its holdings in shares of Figure Technology Solutions by 98.5% in the third quarter. WPG Advisers LLC now owns 1,640 shares of the company’s stock valued at $47,000 after purchasing an additional 814 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Figure Technology Solutions by 176.6% in the third quarter. GAMMA Investing LLC now owns 1,690 shares of the company’s stock valued at $49,000 after purchasing an additional 1,079 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Figure Technology Solutions during the third quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Figure Technology Solutions by 157.4% during the third quarter. SBI Securities Co. Ltd. now owns 1,974 shares of the company’s stock valued at $57,000 after purchasing an additional 1,207 shares in the last quarter.

Latest Figure Technology Solutions News

Investors following FIGR have been watching these news items:

• Positive Sentiment: Figure reported third-quarter EPS of $0.36, topping the $0.31 consensus, on revenue of $283.35 million, up 84% year over year. Figure Technology tops Q3 earnings and revenue estimates
• Positive Sentiment: The company announced a $400 million buyback, while an analyst cited strong growth and execution—potential supports for investor confidence. Analyst flags growth, execution and buyback
• Negative Sentiment: Needham lowered its price target to $50 from $55, though it maintained a Buy rating. The reduced target may have tempered the reaction to the results. Needham analyst recommendations

Figure Technology Solutions Stock Down 1.8%

Figure Technology Solutions stock traded down $0.45 during mid-day trading on Tuesday, reaching $25.22. The stock had a trading volume of 3,826,358 shares, compared to its average volume of 5,504,221. The firm has a market capitalization of $4.68 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 0.39 and a beta of 0.94. Figure Technology Solutions has a fifty-two week low of $19.54 and a fifty-two week high of $78.00. The stock’s 50-day simple moving average is $28.34 and its 200-day simple moving average is $32.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86.

Figure Technology Solutions (NASDAQ:FIGR) last issued its earnings results on Thursday, November 12th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Figure Technology Solutions had a return on equity of 18.38% and a net margin of 28.21%. The company had revenue of $283.35 million for the quarter. During the same period in the previous year, the company earned $0.34 earnings per share. Figure Technology Solutions’s revenue for the quarter was up 84.0% compared to the same quarter last year. On average, sell-side analysts forecast that Figure Technology Solutions will post 1.18 EPS for the current fiscal year.

Figure Technology Solutions Company Profile

Figure Technology Solutions is a financial technology company that develops blockchain-based platforms for lending and capital markets. Its technology is designed to digitize and streamline financial transactions, including loan origination and the trading of financial assets. The company’s offerings include home equity financing and technology for financial institutions and other lending partners. Figure also operates digital marketplaces and provides services supporting the issuance and transfer of assets on the Provenance Blockchain.