Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) insider David Todd Stevens sold 47,650 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.38, for a total value of $1,495,257.00. Following the completion of the sale, the insider owned 376,599 shares of the company's stock, valued at $11,817,676.62. The trade was a 11.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Figure Technology Solutions Stock Performance
Shares of FIGR stock opened at $35.52 on Wednesday. Figure Technology Solutions, Inc. has a 1-year low of $24.11 and a 1-year high of $78.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $6.49 billion and a price-to-earnings ratio of 38.19. The stock's fifty day simple moving average is $29.56 and its 200-day simple moving average is $33.29.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. Figure Technology Solutions had a return on equity of 19.58% and a net margin of 33.45%.The firm had revenue of $218.45 million for the quarter. On average, sell-side analysts predict that Figure Technology Solutions, Inc. will post 1.18 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on FIGR. Weiss Ratings raised shares of Figure Technology Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Mizuho boosted their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods dropped their price objective on shares of Figure Technology Solutions from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Piper Sandler cut their target price on shares of Figure Technology Solutions from $75.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Figure Technology Solutions from a "sell" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Figure Technology Solutions has an average rating of "Moderate Buy" and an average target price of $50.62.
View Our Latest Research Report on FIGR
Institutional Investors Weigh In On Figure Technology Solutions
Several institutional investors have recently made changes to their positions in FIGR. Global Retirement Partners LLC bought a new stake in shares of Figure Technology Solutions in the 4th quarter valued at approximately $25,000. WPG Advisers LLC raised its position in Figure Technology Solutions by 71.1% during the first quarter. WPG Advisers LLC now owns 934 shares of the company's stock valued at $32,000 after acquiring an additional 388 shares in the last quarter. Strs Ohio bought a new position in Figure Technology Solutions during the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC acquired a new stake in Figure Technology Solutions in the fourth quarter valued at approximately $35,000. Finally, Johnson Financial Group Inc. acquired a new stake in Figure Technology Solutions in the fourth quarter valued at approximately $41,000.
Figure Technology Solutions Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
