J Digital 6 LLC Has $68.39 Million Position in Figure Technology Solutions, Inc. $FIGR

J Digital 6 LLC reduced its holdings in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 27.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,227,014 shares of the company’s stock after selling 862,337 shares during the period. Figure Technology Solutions comprises 40.4% of J Digital 6 LLC’s portfolio, making the stock its largest holding. J Digital 6 LLC owned 1.20% of Figure Technology Solutions worth $68,392,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. UBS Group AG raised its holdings in Figure Technology Solutions by 322.9% in the 4th quarter. UBS Group AG now owns 885,977 shares of the company’s stock worth $36,183,000 after purchasing an additional 676,470 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Figure Technology Solutions during the fourth quarter valued at about $5,041,000. WIM INVESTMENT MANAGEMENT Ltd increased its position in Figure Technology Solutions by 53.6% in the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 745,286 shares of the company’s stock worth $30,437,000 after buying an additional 260,000 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Figure Technology Solutions by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 2,974,853 shares of the company’s stock worth $121,493,000 after buying an additional 452,136 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of Figure Technology Solutions in the first quarter worth about $1,098,000.

Figure Technology Solutions Stock Down 0.7%

NASDAQ FIGR opened at $35.96 on Friday. Figure Technology Solutions, Inc. has a 12 month low of $24.11 and a 12 month high of $78.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.68 billion and a PE ratio of 38.67. The stock’s 50 day moving average is $31.83 and its 200 day moving average is $32.75.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. The business had revenue of $218.45 million during the quarter. Research analysts predict that Figure Technology Solutions, Inc. will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling at Figure Technology Solutions

In other Figure Technology Solutions news, CFO Minchung Kgil sold 9,117 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $30.06, for a total transaction of $274,057.02. Following the completion of the transaction, the chief financial officer owned 507,651 shares of the company’s stock, valued at $15,259,989.06. This represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Stevens sold 47,650 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.38, for a total value of $1,495,257.00. Following the transaction, the insider owned 376,599 shares of the company’s stock, valued at approximately $11,817,676.62. The trade was a 11.23% 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 80,767 shares of company stock valued at $2,542,154 over the last ninety days. 26.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FIGR shares. Mizuho boosted their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Keefe, Bruyette & Woods decreased their target price on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Sanford C. Bernstein lifted their price target on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Piper Sandler dropped their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Zacks Research upgraded shares of Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Figure Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $50.62.

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.