Figure Technology Solutions (NASDAQ:FIGR) Director June Ou Sells 35,190 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director June Ou sold 35,190 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total transaction of $1,344,258.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

June Ou also recently made the following trade(s):

• On Wednesday, April 15th, June Ou sold 67,840 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.19, for a total transaction of $2,387,289.60.

Figure Technology Solutions Stock Up 0.1%

FIGR stock opened at $43.28 on Friday. The company has a 50-day moving average of $34.97 and a two-hundred day moving average of $40.36. The stock has a market capitalization of $7.86 billion and a price-to-earnings ratio of 108.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.20 and a quick ratio of 2.20. Figure Technology Solutions, Inc. has a 52-week low of $25.01 and a 52-week high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last released its earnings results on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $166.84 million for the quarter. As a group, equities research analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Figure Technology Solutions announced that its Board of Directors has authorized a stock buyback program on Thursday, February 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIGR. Emerald Mutual Fund Advisers Trust acquired a new position in Figure Technology Solutions in the third quarter worth about $1,013,000. Federated Hermes Inc. acquired a new position in Figure Technology Solutions in the third quarter worth about $8,183,000. TD Waterhouse Canada Inc. acquired a new position in Figure Technology Solutions in the third quarter worth about $2,157,000. Lisanti Capital Growth LLC acquired a new position in Figure Technology Solutions in the third quarter worth about $3,780,000. Finally, Mutual Advisors LLC acquired a new position in Figure Technology Solutions in the third quarter worth about $1,446,000.

Key Headlines Impacting Figure Technology Solutions

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Mizuho raised its price target on Figure Technology Solutions to $55 from $45 and kept an Outperform rating, signaling confidence in further upside for the stock. Mizuho Raises Figure Technology Solutions Price Target
• Positive Sentiment: Needham & Company reiterated a Buy rating on FIGR, reinforcing a constructive outlook from analysts. Needham & Company Buy Rating on Figure Technology Solutions
• Positive Sentiment: Recent coverage highlighted CEO Michael Tannenbaum’s comments on AI, blockchain, and growth opportunities, which may support investor optimism around the company’s long-term strategy. CEO Interview on AI, Blockchain and Capital Markets
• Neutral Sentiment: Market commentary compared FIGR’s year-to-date performance with other business services names, suggesting investors are still benchmarking the stock against its peers. FIGR vs. Peer Performance Article
• Negative Sentiment: Director Michael Scott Cagney sold 35,190 shares in a pre-arranged 10b5-1 transaction, reducing his position by 50%, which can weigh on sentiment despite the planned nature of the trade.
• Negative Sentiment: Director June Ou sold 35,190 shares in another pre-arranged 10b5-1 sale, adding to insider selling pressure on the stock.
• Negative Sentiment: Insider David Todd Stevens sold 47,064 shares, trimming his ownership by about 10.4%, which may raise caution even though the sale was also under a trading plan.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a report on Wednesday. Bank of America decreased their price objective on Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Sanford C. Bernstein decreased their price objective on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Texas Capital raised Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. Finally, Weiss Ratings lowered Figure Technology Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.63.

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. 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.