Jefferies Financial Group Begins Coverage on Figure Technology Solutions (NASDAQ:FIGR)

Key Points

• Jefferies Financial Group has initiated coverage on Figure Technology Solutions (NASDAQ:FIGR) with a "hold" rating and a price target of $40.00, indicating a potential downside of 0.74% from its previous close.
• Other firms like Keefe, Bruyette & Woods and Goldman Sachs have set higher price targets of $48.50 and $42.00, respectively, reflecting a generally optimistic outlook on the stock.
• Recent insider activity includes CEO Michael Benjamin Tannenbaum selling over 297,000 shares at $25.00 per share, reducing his ownership stake by 6.77%.

Equities research analysts at Jefferies Financial Group began coverage on shares of Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) in a report issued on Monday,Benzinga reports. The firm set a "hold" rating and a $40.00 price target on the stock. Jefferies Financial Group's price objective points to a potential downside of 0.74% from the stock's previous close.

FIGR has been the topic of several other reports. Keefe, Bruyette & Woods assumed coverage on Figure Technology Solutions in a research note on Monday. They set an "outperform" rating and a $48.50 price objective on the stock. The Goldman Sachs Group began coverage on shares of Figure Technology Solutions in a research report on Monday. They set a "buy" rating and a $42.00 price objective for the company. Piper Sandler started coverage on shares of Figure Technology Solutions in a research note on Monday. They set an "overweight" rating and a $50.00 price objective on the stock. Wall Street Zen upgraded Figure Technology Solutions to a "hold" rating in a research note on Monday, September 22nd. Finally, Mizuho began coverage on Figure Technology Solutions in a report on Monday. They set an "outperform" rating and a $47.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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 52-week low of $30.01 and a 52-week high of $46.20.

Insider Activity at Figure Technology Solutions

In other news, CEO Michael Benjamin Tannenbaum sold 297,171 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 $7,429,275.00. Following the transaction, the chief executive officer owned 4,092,576 shares in the company, valued at approximately $102,314,400. The trade was a 6.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Adam Gilbert Boyden sold 468,860 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $25.00, for a total value of $11,721,500.00. Following the completion of the sale, the director directly owned 6,651,158 shares of the company's stock, valued at approximately $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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