103,920 Shares in Figure Technology Solutions, Inc. $FIGR Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 103,920 shares of the company’s stock, valued at approximately $3,780,000.

Several other institutional investors also recently added to or reduced their stakes in FIGR. Blue Trust Inc. bought a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $64,000. Hennessy Advisors Inc. acquired a new position in Figure Technology Solutions during the 3rd quarter valued at $255,000. Voya Investment Management LLC bought a new stake in Figure Technology Solutions in the 3rd quarter valued at $721,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Figure Technology Solutions in the 3rd quarter worth $1,013,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Figure Technology Solutions during the 3rd quarter worth about $1,412,000.

Figure Technology Solutions Trading Down 5.9%

NASDAQ FIGR opened at $56.88 on Friday. Figure Technology Solutions, Inc. has a 1-year low of $30.01 and a 1-year high of $78.00. The firm has a market capitalization of $10.02 billion and a P/E ratio of 167.29. The firm’s 50 day moving average is $48.64. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling

In other Figure Technology Solutions news, insider David Todd Stevens sold 40,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total value of $1,408,800.00. Following the transaction, the insider directly owned 489,000 shares in the company, valued at $17,222,580. The trade was a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director June Ou sold 200,058 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total transaction of $7,882,285.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,344,073 shares of company stock worth $123,816,526 in the last three months.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $51.00 target price on shares of Figure Technology Solutions in a research note on Monday, November 17th. Piper Sandler upped their price target on Figure Technology Solutions from $55.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. The Goldman Sachs Group raised their price objective on Figure Technology Solutions from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Jefferies Financial Group assumed coverage on Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Mizuho upped their target price on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.63.

Figure Technology Solutions 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.