Figure Technology Solutions (NASDAQ:FIGR) Shares Gap Up on Strong Earnings

Key Points

• Figure shares jumped after its earnings report, opening at $25.34 after a prior close of $24.19 and later trading at $25.863.
• Quarterly EPS was $0.36, beating the $0.31 consensus; revenue reached $283.35 million, up 84% year over year.
• Analyst views are mixed, but the stock carries a consensus “Moderate Buy” rating and a $52.43 average price target.

Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report)'s share price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $24.19, but opened at $25.34. Figure Technology Solutions shares last traded at $25.8630, with a volume of 2,735,212 shares changing hands.

The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. The business had revenue of $283.35 million for the quarter. During the same quarter last year, the company posted $0.34 earnings per share. The company's revenue was up 84.0% on a year-over-year basis.

More Figure Technology Solutions News

These are some of the FIGR news items that stood out recently:

• Positive Sentiment: Figure earned $0.36 per share, topping the $0.31 consensus estimate and the $0.34 reported a year earlier. Revenue reached $283.35 million, up 84% year over year. The earnings and revenue beat may support investor sentiment. Figure Technology Solutions Reports Third Quarter 2026 Results
• Negative Sentiment: Recent earnings previews flagged lower take rates and higher financing costs as risks to profitability, potentially tempering the otherwise strong growth report. What's in the Offing for FIGR Stock This Earnings Season?
• Negative Sentiment: Zacks Research downgraded Figure from “strong buy” to “hold” ahead of the results, reflecting a more cautious analyst view. Zacks Research recommendations

Analyst Ratings Changes

A number of research firms have recently weighed in on FIGR. Freedom Capital upgraded shares of Figure Technology Solutions to a "strong-buy" rating in a research report on Thursday, October 15th. Weiss Ratings downgraded Figure Technology Solutions from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, September 11th. The Goldman Sachs Group set a $41.00 price objective on Figure Technology Solutions in a research note on Wednesday, October 7th. Sanford C. Bernstein lifted their price objective on Figure Technology Solutions from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 6th. Finally, Bank of America reiterated a "neutral" rating and set a $44.00 target price on shares of Figure Technology Solutions in a research report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Figure Technology Solutions has an average rating of "Moderate Buy" and a consensus target price of $52.43.

Insider Activity

In other news, CFO Minchung Kgil sold 8,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $38.69, for a total value of $309,520.00. Following the completion of the transaction, the chief financial officer directly owned 483,651 shares in the company, valued at approximately $18,712,457.19. The trade was a 1.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the completion of the transaction, the insider owned 376,599 shares of the company's stock, valued at $11,817,676.62. The trade was a 11.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 26.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in Figure Technology Solutions during the second quarter worth $47,000. WPG Advisers LLC raised its holdings in shares of Figure Technology Solutions by 98.5% during the 3rd quarter. WPG Advisers LLC now owns 1,640 shares of the company's stock worth $47,000 after buying an additional 814 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Figure Technology Solutions by 176.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,690 shares of the company's stock worth $49,000 after buying an additional 1,079 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $53,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Figure Technology Solutions by 157.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,974 shares of the company's stock worth $57,000 after buying an additional 1,207 shares during the last quarter.

Figure Technology Solutions Trading Up 9.4%

The firm has a 50-day moving average of $28.71 and a two-hundred day moving average of $32.82. The firm has a market capitalization of $4.91 billion, a P/E ratio of 28.44, a P/E/G ratio of 0.35 and a beta of 0.94. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22.

Figure Technology Solutions Company Profile

Figure Technology Solutions is a financial technology company that develops blockchain-based platforms for lending and capital markets. Its technology is designed to digitize and streamline financial transactions, including loan origination and the trading of financial assets. The company's offerings include home equity financing and technology for financial institutions and other lending partners. Figure also operates digital marketplaces and provides services supporting the issuance and transfer of assets on the Provenance Blockchain.

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