Figure Technology Solutions (NASDAQ:FIGR) Price Target Raised to $62.00

by · The Markets Daily

Figure Technology Solutions (NASDAQ:FIGR – Free Report) had its target price boosted by Keefe, Bruyette & Woods from $52.00 to $62.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on FIGR. Sanford C. Bernstein started coverage on shares of Figure Technology Solutions in a research note on Monday, October 6th. They set an “outperform” rating and a $54.00 price objective on the stock. Mizuho boosted their price target on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Jefferies Financial Group started coverage on shares of Figure Technology Solutions in a research note on Monday, October 6th. They issued a “hold” rating and a $40.00 price target for the company. Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Finally, Piper Sandler boosted their target price on Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $51.63.

Check Out Our Latest Analysis on FIGR

Figure Technology Solutions Trading Down 0.5%

FIGR opened at $58.08 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The company’s 50 day simple moving average is $40.82. The company has a market capitalization of $10.23 billion and a PE ratio of 170.82. Figure Technology Solutions has a twelve month low of $30.01 and a twelve month high of $59.40.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.16 by $0.18. The business had revenue of $156.03 million during the quarter.

Insiders Place Their Bets

In other Figure Technology Solutions news, Director Michael Scott Cagney sold 200,058 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Todd Stevens sold 40,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total value of $1,408,800.00. Following the completion of the transaction, the insider directly owned 489,000 shares in the company, valued at $17,222,580. This represents a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,344,073 shares of company stock worth $123,816,526.

Hedge Funds Weigh In On Figure Technology Solutions

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. purchased a new stake in shares of Figure Technology Solutions during the third quarter valued at $64,000. SBI Securities Co. Ltd. acquired a new stake in Figure Technology Solutions during the 3rd quarter worth about $66,000. PNC Financial Services Group Inc. purchased a new stake in Figure Technology Solutions during the third quarter valued at about $73,000. BNP Paribas Financial Markets acquired a new position in shares of Figure Technology Solutions in the third quarter worth about $102,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Figure Technology Solutions in the third quarter worth approximately $200,000.

About Figure Technology Solutions

(Get Free Report)

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.

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