CWA Asset Management Group LLC Purchases New Stake in Figure Technology Solutions, Inc. $FIGR

CWA Asset Management Group LLC acquired a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 38,836 shares of the company’s stock, valued at approximately $1,412,000.

Several other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth $5,963,000. Voya Investment Management LLC acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at about $721,000. Hennessy Advisors Inc. purchased a new stake in Figure Technology Solutions during the third quarter worth about $255,000. Finally, Blue Trust Inc. acquired a new position in Figure Technology Solutions during the third quarter worth about $64,000.

Insider Activity

In other Figure Technology Solutions news, Director June Ou sold 500,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the sale, the director directly owned 6,378,993 shares of the company’s stock, valued at $231,047,126.46. This trade represents a 7.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Minchung Kgil sold 100,000 shares of Figure Technology Solutions stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.09, for a total transaction of $3,509,000.00. Following the sale, the chief financial officer owned 617,149 shares of the company’s stock, valued at approximately $21,655,758.41. This trade represents a 13.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,344,073 shares of company stock valued at $123,816,526 in the last 90 days.

Figure Technology Solutions Trading Up 5.2%

Shares of NASDAQ:FIGR opened at $56.01 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The company’s fifty day moving average is $39.85. Figure Technology Solutions, Inc. has a one year low of $30.01 and a one year high of $56.88.

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share (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.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIGR. Sanford C. Bernstein initiated coverage on Figure Technology Solutions in a research note on Monday, October 6th. They set an “outperform” rating and a $54.00 price target on the stock. Piper Sandler lifted their price objective on Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Bank of America upped their target price on Figure Technology Solutions from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $51.00 price target on shares of Figure Technology Solutions in a research report on Monday, November 17th. Finally, Jefferies Financial Group assumed coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They issued a “hold” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.38.

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.