David Todd Stevens Sells 47,650 Shares of Figure Technology Solutions (NASDAQ:FIGR) Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 47,650 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was 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 directly owned 376,599 shares of the company’s stock, valued at $11,817,676.62. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figure Technology Solutions Stock Up 3.7%

Shares of NASDAQ FIGR opened at $36.83 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.86 and a quick ratio of 1.90. The stock has a market capitalization of $6.84 billion and a PE ratio of 39.60. Figure Technology Solutions, Inc. has a one year low of $24.11 and a one year high of $78.00. The business’s fifty day moving average price is $29.74 and its 200-day moving average price is $33.12.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. The company had revenue of $218.45 million during the quarter. Figure Technology Solutions had a return on equity of 18.90% and a net margin of 33.45%. On average, equities research analysts anticipate that Figure Technology Solutions, Inc. will post 1.18 EPS for the current year.

Analyst Ratings Changes

FIGR has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price target on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a research note on Friday, August 14th. Wall Street Zen raised Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Mizuho raised their target price on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Figure Technology Solutions currently has an average rating of “Moderate Buy” and an average target price of $50.62.

Institutional Trading of Figure Technology Solutions

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $25,000. WPG Advisers LLC lifted 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 purchasing an additional 388 shares during the last quarter. Strs Ohio purchased a new position in Figure Technology Solutions in the 4th quarter worth approximately $34,000. MetLife Investment Management LLC bought a new position in shares of Figure Technology Solutions in the 4th quarter worth $35,000. Finally, Johnson Financial Group Inc. bought a new position in shares of Figure Technology Solutions in the 4th quarter worth $41,000.

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.