Figure Technology Solutions (NASDAQ:FIGR) Earns Outperform Rating from Analysts at Mizuho

Key Points

• Equities research analysts at Mizuho have initiated coverage of Figure Technology Solutions (NASDAQ:FIGR) with an "outperform" rating and a price target of $47.00, indicating a potential upside of 16.63% from its previous close.
• Other analysts have also assessed the stock, with six giving it a Buy rating and two a Hold rating, resulting in a consensus rating of "Moderate Buy" with a price target of $46.69.
• CEO Michael Benjamin Tannenbaum and Director Adam Gilbert Boyden sold significant amounts of stock recently, with Tannenbaum selling 297,171 shares and Boyden selling 468,860 shares at an average price of $25.00.

Equities research analysts at Mizuho began coverage on shares of Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The firm set an "outperform" rating and a $47.00 price target on the stock. Mizuho's price objective suggests a potential upside of 16.63% from the stock's previous close.

A number of other research analysts have also recently issued reports on the company. Wall Street Zen raised Figure Technology Solutions to a "hold" rating in a research note on Monday, September 22nd. Piper Sandler began coverage on shares of Figure Technology Solutions in a research note on Monday. They issued an "overweight" rating and a $50.00 target price on the stock. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.69.

Figure Technology Solutions Trading Down 2.4%

Shares of NASDAQ FIGR opened at $40.30 on Monday. Figure Technology Solutions has a 12 month low of $30.01 and a 12 month high of $46.20.

Insider Activity

In related 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Adam Gilbert Boyden sold 468,860 shares of Figure Technology Solutions stock in a transaction on Friday, September 12th. The stock was sold at an average price of $25.00, for a total transaction of $11,721,500.00. Following the completion of the transaction, 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 disclosure for this sale can be found here.

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.

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