Mutual Advisors LLC Invests $1.45 Million in Figure Technology Solutions, Inc. $FIGR

Mutual Advisors LLC bought a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the third quarter, according to its most recent filing with the SEC. The firm bought 36,115 shares of the company’s stock, valued at approximately $1,446,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIGR. Blue Trust Inc. bought a new position in shares of Figure Technology Solutions in the third quarter valued at $64,000. Hennessy Advisors Inc. acquired a new stake in shares of Figure Technology Solutions in the 3rd quarter worth about $255,000. Voya Investment Management LLC bought a new position in Figure Technology Solutions in the 3rd quarter valued at about $721,000. Emerald Mutual Fund Advisers Trust acquired a new position in Figure Technology Solutions during the 3rd quarter valued at about $1,013,000. Finally, CWA Asset Management Group LLC bought a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $1,412,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIGR. Bank of America lowered Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 target price on the stock. in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $51.00 price objective on shares of Figure Technology Solutions in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Figure Technology Solutions in a report on Monday, December 29th. Texas Capital upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. Finally, Mizuho boosted their price target on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Figure Technology Solutions Price Performance

Shares of Figure Technology Solutions stock opened at $44.54 on Wednesday. The stock has a market cap of $7.84 billion and a price-to-earnings ratio of 131.00. Figure Technology Solutions, Inc. has a 1 year low of $30.01 and a 1 year high of $78.00. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $49.19.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.18. The company had revenue of $156.03 million for the quarter.

Insider Activity at Figure Technology Solutions

In related news, CEO Michael Benjamin Tannenbaum sold 90,026 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $35.12, for a total value of $3,161,713.12. Following the transaction, the chief executive officer owned 3,641,903 shares in the company, valued at approximately $127,903,633.36. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David K. Chao bought 4,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was purchased at an average cost of $38.26 per share, with a total value of $153,040.00. Following the completion of the transaction, the director directly owned 4,000 shares of the company’s stock, valued at approximately $153,040. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 3,344,073 shares of company stock worth $123,816,526 over the last 90 days.

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.