Figure Technology Solutions, Inc. (NASDAQ:FIGR) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have a consensus rating of "Moderate Buy" on Figure Technology Solutions with an average 12‑month target price of $55.75, reflecting mixed upward and downward target revisions from brokers.
• Insiders have been net sellers recently — totaling about 426,173 shares worth $16.6M over the last quarter (including a 200,058‑share sale) — while the board simultaneously authorized a $200 million share buyback (up to ~3.3% of shares).
• The company missed quarterly EPS expectations (reported $0.06 vs. $0.13 est.) despite revenue rising ~90.7% year‑over‑year, and the stock trades near $30.49 with a market cap of ~$5.37B.

Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $55.75.

FIGR has been the topic of several recent analyst reports. Mizuho lifted their target price on Figure Technology Solutions from $47.00 to $56.00 and gave the stock an "outperform" rating in a report on Monday, November 17th. Needham & Company LLC cut their price objective on Figure Technology Solutions from $71.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Sanford C. Bernstein increased their target price on Figure Technology Solutions from $54.00 to $72.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 13th. The Goldman Sachs Group cut their price target on shares of Figure Technology Solutions from $49.00 to $44.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Texas Capital upgraded shares of Figure Technology Solutions to a "strong-buy" rating in a report on Thursday, January 29th.

Insider Transactions at Figure Technology Solutions

In related news, Director June Ou sold 200,058 shares of the firm's stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David K. Chao purchased 4,000 shares of the stock in a transaction on Friday, December 5th. The stock was acquired at an average price of $38.26 per share, for a total transaction of $153,040.00. Following the completion of the purchase, the director directly owned 4,000 shares in the company, valued at approximately $153,040. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 426,173 shares of company stock worth $16,598,394.

Institutional Trading of Figure Technology Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in Figure Technology Solutions in the fourth quarter valued at approximately $25,000. Strs Ohio acquired a new stake in shares of Figure Technology Solutions in the 4th quarter valued at approximately $34,000. MetLife Investment Management LLC bought a new position in shares of Figure Technology Solutions in the fourth quarter valued at $35,000. Flagship Harbor Advisors LLC acquired a new position in Figure Technology Solutions during the fourth quarter worth $40,000. Finally, Johnson Financial Group Inc. bought a new stake in Figure Technology Solutions during the fourth quarter worth $41,000.

Figure Technology Solutions Price Performance

Figure Technology Solutions stock opened at $30.49 on Thursday. The company has a market cap of $5.37 billion and a price-to-earnings ratio of 89.68. The business's 50 day moving average price is $47.08. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17. Figure Technology Solutions has a fifty-two week low of $25.01 and a fifty-two week high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). The business had revenue of $157.63 million for the quarter, compared to the consensus estimate of $158.00 million. The company's revenue for the quarter was up 90.7% compared to the same quarter last year.

Figure Technology Solutions declared that its board has authorized a stock repurchase program on Thursday, February 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.

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