Shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR – Get Free Report) gapped up before the market opened on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $24.19, but opened at $25.34. Figure Technology Solutions shares last traded at $25.8630, with a volume of 2,735,212 shares trading hands.
The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $283.35 million for the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. The company’s revenue for the quarter was up 84.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share.
Recent Figure Technology Solutions Headlines
Investors following FIGR have been watching these headlines:
- Positive Sentiment: Figure earned $0.36 per share, topping the $0.31 consensus estimate and the $0.34 reported a year earlier. Revenue reached $283.35 million, up 84% year over year. The earnings and revenue beat may support investor sentiment. Figure Technology Solutions Reports Third Quarter 2026 Results
- Negative Sentiment: Recent earnings previews flagged lower take rates and higher financing costs as risks to profitability, potentially tempering the otherwise strong growth report. What’s in the Offing for FIGR Stock This Earnings Season?
- Negative Sentiment: Zacks Research downgraded Figure from “strong buy” to “hold” ahead of the results, reflecting a more cautious analyst view. Zacks Research recommendations
Wall Street Analyst Weigh In
A number of brokerages have weighed in on FIGR. Piper Sandler cut their target price on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen upgraded shares of Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Keefe, Bruyette & Woods dropped their price target on Figure Technology Solutions from $45.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday. Weiss Ratings downgraded Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, September 11th. Finally, Zacks Research lowered Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Figure Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $52.43.
Insider Activity at Figure Technology Solutions
In related news, CFO Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $38.69, for a total transaction of $309,520.00. Following the sale, the chief financial officer directly owned 483,651 shares in the company, valued at $18,712,457.19. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of Figure Technology Solutions stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the sale, the insider owned 376,599 shares in the company, valued at approximately $11,817,676.62. This represents a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 26.60% of the company’s stock.
Hedge Funds Weigh In On Figure Technology Solutions
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Financial Group Inc. bought a new position in shares of Figure Technology Solutions during the third quarter valued at $66,860,000. Granahan Investment Management LLC grew its stake in shares of Figure Technology Solutions by 40.6% in the first quarter. Granahan Investment Management LLC now owns 935,400 shares of the company’s stock worth $31,757,000 after purchasing an additional 269,882 shares during the last quarter. Brooklands Fund Management Ltd acquired a new stake in Figure Technology Solutions in the third quarter valued at $24,600,000. Maplelane Capital LLC acquired a new stake in Figure Technology Solutions in the first quarter valued at $23,120,000. Finally, Voya Investment Management LLC raised its position in Figure Technology Solutions by 319.0% during the 3rd quarter. Voya Investment Management LLC now owns 560,174 shares of the company’s stock worth $16,161,000 after purchasing an additional 426,494 shares during the last quarter.
Figure Technology Solutions Stock Performance
The firm has a market capitalization of $4.91 billion, a P/E ratio of 28.44, a price-to-earnings-growth ratio of 0.35 and a beta of 0.94. The company has a 50-day moving average of $28.71 and a 200-day moving average of $32.82. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22.
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.
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