Figure Technology Solutions (NASDAQ:FIGR) Stock Gets Price Target Reduction from Needham & Company LLC

Key Points

• Needham & Company lowered its price target on Figure Technology Solutions from $55 to $50 but maintained a Buy rating; the new target implies 94.78% upside from the prior close.
• Recent quarterly results beat expectations: earnings were $0.36 per share versus $0.31 expected, while revenue climbed 84% year over year to $283.35 million.
• Analyst views are mixed but lean positive: MarketBeat reports a Moderate Buy consensus and an average price target of $51.71.

Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) had its price target dropped by stock analysts at Needham & Company LLC from $55.00 to $50.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's price objective would suggest a potential upside of 94.78% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Figure Technology Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday. Wall Street Zen upgraded Figure Technology Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. The Goldman Sachs Group set a $41.00 target price on Figure Technology Solutions in a report on Wednesday, October 7th. Weiss Ratings cut Figure Technology Solutions from a "hold (c)" rating to a "sell (d+)" rating in a research note on Friday, September 11th. Finally, Keefe, Bruyette & Woods lowered their price target on Figure Technology Solutions from $45.00 to $37.00 and set an "outperform" rating on the stock in a report on Monday. Three research 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 company's stock. According to MarketBeat, Figure Technology Solutions has a consensus rating of "Moderate Buy" and an average price target of $51.71.

Figure Technology Solutions Stock Up 6.1%

Shares of Figure Technology Solutions stock opened at $25.67 on Friday. The company has a 50-day simple moving average of $28.56 and a two-hundred day simple moving average of $32.63. The stock has a market capitalization of $4.77 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 0.36 and a beta of 0.94. Figure Technology Solutions has a 52-week low of $19.54 and a 52-week high of $78.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86.

Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. The firm 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 quarterly revenue was up 84.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.34 EPS. On average, analysts anticipate that Figure Technology Solutions will post 1.18 EPS for the current fiscal year.

Insider Activity

In other news, CFO Minchung Kgil sold 8,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $38.69, for a total transaction of $309,520.00. Following the completion of the sale, the chief financial officer owned 483,651 shares of the company's stock, valued at $18,712,457.19. This represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 26.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Figure Technology Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in FIGR. Mitsubishi UFJ Financial Group Inc. purchased a new stake in Figure Technology Solutions during the third quarter valued at approximately $66,860,000. Brooklands Fund Management Ltd bought a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at $24,600,000. Maplelane Capital LLC purchased a new stake in shares of Figure Technology Solutions in the 1st quarter worth $23,120,000. Hiddenite Capital Partners LP bought a new position in Figure Technology Solutions in the 3rd quarter worth $14,569,000. Finally, Voya Investment Management LLC raised its holdings in Figure Technology Solutions by 319.0% in 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 period.

Figure Technology Solutions News Roundup

Investors following FIGR have been watching these news items:

• Positive Sentiment: FIGR earned $0.36 per share, beating the $0.31 consensus estimate, while revenue rose 84% year over year to $283.35 million. The earnings and revenue beat, alongside strong growth discussed on the call, could support sentiment. Article: Figure Technology Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management’s earnings-call discussion highlighted growth in Figure’s loan marketplace, reinforcing the company’s expansion story. Article: Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Figure entered into a $465 million senior secured revolving credit facility with JPMorgan Chase. The facility provides access to financing, while its secured nature means it also involves borrowing obligations. Article: Figure Enters into $465 Million Credit Facility

About Figure Technology Solutions

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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