Keefe, Bruyette & Woods Begins Coverage on Figure Technology Solutions (NASDAQ:FIGR)

Equities research analysts at Keefe, Bruyette & Woods started coverage on shares of Figure Technology Solutions (NASDAQ:FIGR) in a report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $48.50 price target on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 20.35% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Piper Sandler began coverage on Figure Technology Solutions in a research note on Monday. They issued an “overweight” rating and a $50.00 price objective for the company. Mizuho started coverage on shares of Figure Technology Solutions in a report on Monday. They set an “outperform” rating and a $47.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Figure Technology Solutions has an average rating of “Moderate Buy” and an average target price of $46.69.

Figure Technology Solutions Stock Down 2.4%

FIGR opened at $40.30 on Monday. Figure Technology Solutions has a 1-year low of $30.01 and a 1-year high of $46.20.

Insider Activity at Figure Technology Solutions

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 297,171 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 transaction of $7,429,275.00. Following the sale, the chief executive officer directly owned 4,092,576 shares of the company’s stock, valued at approximately $102,314,400. This trade represents a 6.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adam Gilbert Boyden sold 468,860 shares of the company’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 $11,721,500.00. Following the completion of the sale, the director owned 6,651,158 shares in the company, valued at $166,278,950. The trade was a 6.59% decrease in their position. 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.