14,860 Shares in Figure Technology Solutions, Inc. $FIGR Bought by Leonteq Securities AG

Leonteq Securities AG bought a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,860 shares of the company’s stock, valued at approximately $607,000.

Several other hedge funds have also recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Figure Technology Solutions in the fourth quarter valued at $34,000. Flagship Harbor Advisors LLC bought a new stake in shares of Figure Technology Solutions in the fourth quarter valued at $40,000. PNC Financial Services Group Inc. raised its stake in shares of Figure Technology Solutions by 69.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,379 shares of the company’s stock valued at $138,000 after buying an additional 1,379 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Figure Technology Solutions in the third quarter valued at $66,000. Finally, NBC Securities Inc. bought a new stake in shares of Figure Technology Solutions in the fourth quarter valued at $92,000.

Insider Buying and Selling

In other news, Director Sachin Chand Jaitly sold 216,713 shares of Figure Technology Solutions stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $33.64, for a total value of $7,290,225.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Benjamin Tannenbaum sold 127,369 shares of Figure Technology Solutions stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $33.35, for a total value of $4,247,756.15. Following the completion of the transaction, the chief executive officer owned 3,250,466 shares of the company’s stock, valued at approximately $108,403,041.10. This trade represents a 3.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 728,641 shares of company stock valued at $25,288,002 in the last 90 days. Corporate insiders own 26.60% of the company’s stock.

Figure Technology Solutions Price Performance

Shares of NASDAQ FIGR opened at $33.95 on Friday. The stock has a market cap of $6.20 billion and a PE ratio of 58.53. Figure Technology Solutions, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $78.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.20 and a current ratio of 1.90. The stock has a fifty day moving average of $35.11 and a 200-day moving average of $40.16.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $166.84 million during the quarter. Equities research analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current year.

Figure Technology Solutions declared that its board has approved a stock buyback program on Thursday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America lowered their target price on Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Sanford C. Bernstein lowered their target price on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Keefe, Bruyette & Woods upgraded Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of Figure Technology Solutions in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group reduced their price target on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Two research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.63.

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.