Figure Technology Solutions (NASDAQ:FIGR) Stock Price Up 7.2% on Analyst Upgrade

Figure Technology Solutions, Inc. (NASDAQ:FIGR) shot up 7.2% during mid-day trading on Tuesday after Piper Sandler raised their price target on the stock from $55.00 to $75.00. Piper Sandler currently has an overweight rating on the stock. Figure Technology Solutions traded as high as $56.24 and last traded at $55.98. 2,301,388 shares changed hands during trading, a decline of 49% from the average session volume of 4,499,885 shares. The stock had previously closed at $52.23.

Other analysts also recently issued research reports about the company. Zacks Research upgraded Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. Bank of America lifted their price target on Figure Technology Solutions from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Needham & Company LLC restated a “buy” rating and issued a $51.00 price objective on shares of Figure Technology Solutions in a research report on Monday, November 17th. Jefferies Financial Group initiated coverage on shares of Figure Technology Solutions in a report on Monday, October 6th. They set a “hold” rating and a $40.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Figure Technology Solutions in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.63.

Insider Buying and Selling

In related news, Director June Ou sold 200,058 shares of Figure Technology Solutions stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Scott Cagney sold 200,058 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total transaction of $7,882,285.20. The disclosure for this sale is available in the SEC filing. Insiders sold 3,344,073 shares of company stock valued at $123,816,526 in the last 90 days.

Key Figure Technology Solutions News

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Figure launched the On‑chain Public Equity Network (OPEN) on the Provenance blockchain, enabling companies to list equity natively on‑chain (not tokenized DTCC securities). This is a strategic product expansion that could differentiate FIGR in blockchain capital markets. On‑chain Public Equity Network (OPEN) Announcement
• Positive Sentiment: Piper Sandler raised its price target to $75 and kept an “overweight” rating — implying ~34% upside from current levels — a meaningful bullish endorsement from a major sell‑side firm. Piper Sandler Price Target Raise
• Positive Sentiment: Sanford C. Bernstein raised its target to $72 and reiterated an “outperform” view, signaling ~29% upside and reinforcing bullish analyst sentiment. Sanford C. Bernstein Price Target Raise
• Positive Sentiment: Goldman Sachs lifted its target to $58 and maintained a “buy” rating, providing incremental validation from a large bank research desk. Goldman Sachs Price Target Raise
• Neutral Sentiment: Analysts’ consensus remains in the “Moderate Buy” range, reflecting broad but varied optimism across firms rather than unanimous conviction. Average Analyst Recommendation

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $64,000. SBI Securities Co. Ltd. acquired a new stake in shares of Figure Technology Solutions in the third quarter worth approximately $66,000. PNC Financial Services Group Inc. acquired a new stake in shares of Figure Technology Solutions in the third quarter worth approximately $73,000. BNP Paribas Financial Markets purchased a new stake in shares of Figure Technology Solutions during the third quarter worth approximately $102,000. Finally, Ameritas Advisory Services LLC acquired a new position in Figure Technology Solutions in the 3rd quarter valued at $200,000.

Figure Technology Solutions Stock Performance

The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $41.73. The stock has a market capitalization of $9.83 billion and a PE ratio of 164.18.

Figure Technology Solutions (NASDAQ:FIGR) last released its earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. The business had revenue of $156.03 million for the quarter.

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.