Figure Technology Solutions (NASDAQ:FIGR) Stock Price Target Lowered at Needham & Company LLC

Figure Technology Solutions (NASDAQ:FIGR) had its price objective reduced by Needham & Company LLC from $55.00 to $50.00 in a research note published on Friday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the company. The Goldman Sachs Group set a $41.00 price target on Figure Technology Solutions in a report on Wednesday, October 7th. Freedom Broker raised Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, October 15th. Zacks Research cut Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 9th. Bank of America reissued a “neutral” rating and issued a $44.00 price target on shares of Figure Technology Solutions in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Figure Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $51.71.

Figure Technology Solutions Price Performance

Shares of Figure Technology Solutions stock traded down $0.45 during midday trading on Friday, hitting $25.22. 3,826,358 shares of the company traded hands, compared to its average volume of 5,504,221. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 0.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86. The firm’s fifty day moving average price is $28.34 and its 200-day moving average price is $32.44. Figure Technology Solutions has a 12 month low of $19.54 and a 12 month high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Thursday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. The company had revenue of $283.35 million during the quarter. Figure Technology Solutions had a return on equity of 18.38% and a net margin of 28.21%. The business’s quarterly revenue was up 84.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. As a group, sell-side analysts forecast that Figure Technology Solutions will post 1.18 earnings per share for the current year.

Insider Transactions at Figure Technology Solutions

In other news, CFO Minchung Kgil sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.69, for a total value of $309,520.00. Following the completion of the transaction, the chief financial officer directly owned 483,651 shares of the company’s stock, valued at $18,712,457.19. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 26.60% of the company’s stock.

Hedge Funds Weigh In On Figure Technology Solutions

Several institutional investors have recently bought and sold shares of the company. Quantinno Capital Management LP purchased a new stake in shares of Figure Technology Solutions during the first quarter valued at $1,098,000. Temasek Holdings Private Ltd bought a new stake in Figure Technology Solutions in the 1st quarter worth about $1,415,000. Principal Financial Group Inc. purchased a new position in Figure Technology Solutions in the 1st quarter worth about $8,125,000. The Manufacturers Life Insurance Company raised its position in Figure Technology Solutions by 660.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 42,717 shares of the company’s stock worth $1,450,000 after buying an additional 37,100 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in Figure Technology Solutions during the 2nd quarter valued at about $3,398,000.

Trending Headlines about Figure Technology Solutions

Investors following FIGR have been watching these headlines:

• Positive Sentiment: Marketplace volume surged 135% to $5.8 billion, with Kiavi contributing to growth. Management is targeting broader lending distribution and capital-light growth in 2027. Figure Q3 call highlights marketplace growth and Kiavi plans
• Positive Sentiment: The company announced a $400 million buyback, while an analyst cited strong growth and execution—potential supports for investor confidence. Analyst flags growth, execution and buyback
• Negative Sentiment: Needham lowered its price target to $50 from $55, though it maintained a Buy rating. The reduced target may have tempered the reaction to the results. Needham analyst recommendations

About Figure Technology Solutions

Figure Technology Solutions is a financial technology company that develops blockchain-based platforms for lending and capital markets. Its technology is designed to digitize and streamline financial transactions, including loan origination and the trading of financial assets. The company’s offerings include home equity financing and technology for financial institutions and other lending partners. Figure also operates digital marketplaces and provides services supporting the issuance and transfer of assets on the Provenance Blockchain.