Figure Technology Solutions, Inc. (NASDAQ:FIGR) Given Consensus Rating of “Moderate Buy” by Analysts

Figure Technology Solutions, Inc. (NASDAQ:FIGR) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $46.6875.

Several research analysts have commented on the stock. Keefe, Bruyette & Woods started coverage on shares of Figure Technology Solutions in a report on Monday. They set an “outperform” rating and a $48.50 price objective for the company. Jefferies Financial Group started coverage on shares of Figure Technology Solutions in a research report on Monday. They issued a “hold” rating and a $40.00 price objective on the stock. Piper Sandler started coverage on shares of Figure Technology Solutions in a research report on Monday. They set an “overweight” rating and a $50.00 target price on the stock. Mizuho started coverage on shares of Figure Technology Solutions in a research report on Monday. They set an “outperform” rating and a $47.00 target price on the stock. Finally, Bank of America started coverage on shares of Figure Technology Solutions in a research report on Monday. They set a “neutral” rating and a $41.00 target price on the stock.

Figure Technology Solutions Stock Down 2.4%

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 Buying and Selling

In other news, Director Adam Gilbert Boyden sold 468,860 shares of the firm’s 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 transaction, the director directly owned 6,651,158 shares of the company’s stock, valued at approximately $166,278,950. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the firm’s 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 transaction, the chief executive officer directly owned 4,092,576 shares in the company, valued at approximately $102,314,400. This trade represents a 6.77% 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.