Equities research analysts at Piper Sandler initiated coverage on shares of Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The brokerage set an "overweight" rating and a $50.00 price target on the stock. Piper Sandler's target price would suggest a potential upside of 24.07% from the company's previous close.
Separately, Wall Street Zen upgraded Figure Technology Solutions to a "hold" rating in a research report on Monday, September 22nd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Figure Technology Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $46.69.
View Our Latest Stock Report on FIGR
Figure Technology Solutions Stock Performance
NASDAQ:FIGR opened at $40.30 on Monday. Figure Technology Solutions has a 52-week low of $30.01 and a 52-week high of $46.20.
Insider Activity
In other Figure Technology Solutions news, Director Adam Gilbert Boyden sold 468,860 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $25.00, for a total transaction of $11,721,500.00. Following the sale, the director directly owned 6,651,158 shares in the company, valued at $166,278,950. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $25.00, for a total transaction of $7,429,275.00. Following the sale, the chief executive officer owned 4,092,576 shares in the company, valued at $102,314,400. This represents a 6.77% decrease in their position. The disclosure for this sale can be found here.
Figure Technology Solutions Company Profile
(
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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.
Further Reading

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