Figure Technology Solutions (NASDAQ:FIGR) Stock Price Expected to Rise, Mizuho Analyst Says

Figure Technology Solutions (NASDAQ:FIGR) had its price objective hoisted by investment analysts at Mizuho from $45.00 to $55.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 27.08% from the company’s previous close.

FIGR has been the topic of several other research reports. Piper Sandler increased their target price on Figure Technology Solutions from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Sanford C. Bernstein decreased their target price 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. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a report on Wednesday. Bank of America decreased their target price on Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Finally, Texas Capital upgraded Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.63.

Figure Technology Solutions Price Performance

Shares of FIGR stock opened at $43.28 on Thursday. The stock’s fifty day moving average is $34.97 and its 200-day moving average is $40.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $7.86 billion and a PE ratio of 108.20. Figure Technology Solutions has a 52 week low of $25.01 and a 52 week high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last announced its earnings results on Monday, May 11th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $166.84 million for the quarter. Equities research analysts expect that Figure Technology Solutions will post 0.94 EPS for the current fiscal year.

Figure Technology Solutions declared that its board has initiated a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, insider David Todd Stevens sold 49,708 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $32.02, for a total value of $1,591,650.16. Following the transaction, the insider owned 436,089 shares in the company, valued at $13,963,569.78. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Scott Cagney sold 67,840 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $35.19, for a total value of $2,387,289.60. Following the completion of the transaction, the director owned 67,840 shares in the company, valued at approximately $2,387,289.60. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 737,796 shares of company stock valued at $25,494,406 over the last 90 days. Corporate insiders own 26.60% of the company’s stock.

Hedge Funds Weigh In On Figure Technology Solutions

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

Figure Technology Solutions Company 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.