Endeavour Capital Advisors Inc. Purchases 28,140 Shares of Figure Technology Solutions, Inc. $FIGR

Endeavour Capital Advisors Inc. grew its holdings in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 322,851 shares of the company’s stock after purchasing an additional 28,140 shares during the quarter. Figure Technology Solutions comprises 3.7% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Endeavour Capital Advisors Inc. owned approximately 0.18% of Figure Technology Solutions worth $13,185,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in FIGR. Global Retirement Partners LLC acquired a new stake in Figure Technology Solutions in the 4th quarter valued at approximately $25,000. Strs Ohio acquired a new position in shares of Figure Technology Solutions during the fourth quarter worth approximately $34,000. Flagship Harbor Advisors LLC bought a new stake in shares of Figure Technology Solutions in the fourth quarter valued at approximately $40,000. SBI Securities Co. Ltd. bought a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $66,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of Figure Technology Solutions in the third quarter worth $73,000.

Insider Transactions at Figure Technology Solutions

In related news, Director Sachin Chand Jaitly sold 216,713 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $33.64, for a total transaction of $7,290,225.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Todd Stevens sold 49,708 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $32.02, for a total value of $1,591,650.16. Following the completion of the sale, the insider directly owned 436,089 shares in the company, valued at approximately $13,963,569.78. This represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 728,641 shares of company stock valued at $25,288,002. Corporate insiders own 26.60% of the company’s stock.

Figure Technology Solutions Stock Performance

Shares of Figure Technology Solutions stock opened at $33.95 on Tuesday. Figure Technology Solutions, Inc. has a 52-week low of $25.01 and a 52-week high of $78.00. The firm has a market capitalization of $6.20 billion and a PE ratio of 58.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 2.20. The company’s fifty day moving average price is $35.07 and its two-hundred day moving average price is $40.12.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Monday, May 11th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $166.84 million for the quarter. On average, analysts expect that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Figure Technology Solutions declared that its Board of Directors has initiated a share buyback plan on Thursday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FIGR has been the subject of several research analyst reports. Bank of America cut their target price on shares of Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Sanford C. Bernstein cut their price objective on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Mizuho increased their target price on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Finally, The Goldman Sachs Group decreased their target price on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Figure Technology Solutions has an average rating of “Moderate Buy” and a consensus target price of $53.63.

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.