Key Points
- Director David Chao bought 4,000 shares on December 5 at an average price of $38.26 for a total of $153,040, a transaction disclosed in an SEC filing.
- Figure beat quarterly expectations with EPS of $0.34 versus a $0.16 consensus on $156.03 million in revenue, and analysts hold a “Moderate Buy” consensus with an average price target of $50.38.
Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) Director David Chao bought 4,000 shares of the company's stock in a transaction on Friday, December 5th. The shares were bought at an average cost of $38.26 per share, for a total transaction of $153,040.00. Following the transaction, the director directly owned 4,000 shares in the company, valued at approximately $153,040. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Figure Technology Solutions Price Performance
FIGR opened at $40.57 on Wednesday. Figure Technology Solutions, Inc. has a 12 month low of $30.01 and a 12 month high of $49.50. The stock has a fifty day moving average of $39.44.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.18. The company had revenue of $156.03 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in Figure Technology Solutions during the 3rd quarter worth about $200,000. Zweig DiMenna Associates LLC purchased a new position in shares of Figure Technology Solutions in the third quarter worth about $10,711,000. SBI Securities Co. Ltd. acquired a new stake in shares of Figure Technology Solutions during the third quarter worth about $66,000. Mutual Advisors LLC purchased a new stake in Figure Technology Solutions in the third quarter valued at approximately $1,446,000. Finally, Federated Hermes Inc. acquired a new position in Figure Technology Solutions in the 3rd quarter worth approximately $8,183,000.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They issued a "hold" rating and a $40.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the stock an "outperform" rating in a report on Tuesday, November 18th. Wall Street Zen upgraded Figure Technology Solutions to a "hold" rating in a report on Monday, September 22nd. The Goldman Sachs Group raised their price objective on Figure Technology Solutions from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, October 14th. Finally, Bank of America upped their target price on Figure Technology Solutions from $41.00 to $47.00 and gave the company a "neutral" rating in a research report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.38.
Get Our Latest Stock Analysis on Figure Technology Solutions
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.
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