Figure Technology Solutions (NASDAQ:FIGR) Coverage Initiated by Analysts at Sanford C. Bernstein

Key Points

• Analysts at Sanford C. Bernstein have initiated coverage of Figure Technology Solutions (NASDAQ: FIGR), setting an "outperform" rating and a price target of $54.00, indicating a potential upside of 34% from its current price.
• Other analysts, including Keefe, Bruyette & Woods and Mizuho, have also rated the stock as "outperform," with their price targets at $48.50 and $47.00, respectively, showcasing strong confidence in the stock's performance.
• Insider transactions revealed significant stock sales by CEO Michael Benjamin Tannenbaum and Director Adam Gilbert Boyden, with each selling over 297,000 and 468,000 shares respectively, which reflected a decrease in their ownership positions.

Analysts at Sanford C. Bernstein assumed coverage on shares of Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) in a report released on Monday,Benzinga reports. The firm set an "outperform" rating and a $54.00 price target on the stock. Sanford C. Bernstein's price target points to a potential upside of 34.00% from the company's current price.

FIGR has been the topic of a number of other research reports. Keefe, Bruyette & Woods started coverage on Figure Technology Solutions in a research report on Monday. They set an "outperform" rating and a $48.50 price target on the stock. Mizuho assumed coverage on Figure Technology Solutions in a research note on Monday. They issued an "outperform" rating and a $47.00 price objective on the stock. Wall Street Zen raised Figure Technology Solutions to a "hold" rating in a research note on Monday, September 22nd. Piper Sandler started coverage on shares of Figure Technology Solutions in a research note on Monday. They issued an "overweight" rating and a $50.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of Figure Technology Solutions in a report on Monday. They set a "buy" rating and a $42.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.69.

Figure Technology Solutions Stock Down 2.4%

FIGR opened at $40.30 on Monday. Figure Technology Solutions has a fifty-two week low of $30.01 and a fifty-two week high of $46.20.

Insider Transactions at Figure Technology Solutions

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00. Following the sale, the chief executive officer owned 4,092,576 shares of the company's stock, valued at $102,314,400. This trade represents a 6.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Adam Gilbert Boyden sold 468,860 shares of Figure Technology Solutions stock in a transaction that occurred on 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 owned 6,651,158 shares of the company's stock, valued at approximately $166,278,950. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here.

About Figure Technology Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.