56,884 Shares in Figure Technology Solutions, Inc. $FIGR Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. purchased a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the third quarter, Holdings Channel reports. The institutional investor purchased 56,884 shares of the company’s stock, valued at approximately $2,157,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FIGR. Federated Hermes Inc. bought a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $8,183,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Figure Technology Solutions during the third quarter worth $1,013,000. CWA Asset Management Group LLC bought a new stake in shares of Figure Technology Solutions in the third quarter worth $1,412,000. Hennessy Advisors Inc. acquired a new stake in Figure Technology Solutions in the third quarter valued at $255,000. Finally, Blue Trust Inc. bought a new position in Figure Technology Solutions during the 3rd quarter worth $64,000.

Insider Buying and Selling

In related news, Director Michael Scott Cagney sold 200,058 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total value of $7,882,285.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David K. Chao purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average cost of $38.26 per share, for a total transaction of $153,040.00. Following the completion of the purchase, the director owned 4,000 shares in the company, valued at $153,040. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 3,344,073 shares of company stock worth $123,816,526 over the last 90 days.

Figure Technology Solutions Stock Down 5.9%

Figure Technology Solutions stock opened at $56.88 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17. Figure Technology Solutions, Inc. has a 12-month low of $30.01 and a 12-month high of $78.00. The company’s fifty day moving average is $48.64. The firm has a market cap of $10.02 billion and a P/E ratio of 167.29.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. The company had revenue of $156.03 million during the quarter.

Analysts Set New Price Targets

A number of research firms have commented on FIGR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Figure Technology Solutions in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $51.00 price target on shares of Figure Technology Solutions in a report on Monday, November 17th. Piper Sandler boosted their price target on shares of Figure Technology Solutions from $55.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Figure Technology Solutions from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.63.

Figure Technology Solutions 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. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.