Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys 53,434 Shares of Figure Technology Solutions, Inc. $FIGR

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 446,481 shares of the company’s stock after purchasing an additional 53,434 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned about 0.25% of Figure Technology Solutions worth $15,158,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Figure Technology Solutions in the 4th quarter worth approximately $25,000. Strs Ohio bought a new position in shares of Figure Technology Solutions during the 4th quarter valued at approximately $34,000. MetLife Investment Management LLC purchased a new position in shares of Figure Technology Solutions in the fourth quarter valued at $35,000. Flagship Harbor Advisors LLC bought a new stake in Figure Technology Solutions in the fourth quarter worth $40,000. Finally, Johnson Financial Group Inc. purchased a new stake in Figure Technology Solutions during the fourth quarter valued at $41,000.

Analysts Set New Price Targets

FIGR has been the subject of several research reports. Mizuho increased their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Sanford C. Bernstein dropped their price target on 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. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Bank of America decreased their price objective on Figure Technology Solutions from $34.00 to $31.00 in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

Figure Technology Solutions Trading Up 3.8%

Shares of FIGR opened at $33.91 on Friday. The company’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $38.65. The company has a market cap of $6.19 billion and a P/E ratio of 58.47. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. Figure Technology Solutions, Inc. has a twelve month low of $25.01 and a twelve month high of $78.00.

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

Insider Buying and Selling at Figure Technology Solutions

In other news, CEO Michael Benjamin Tannenbaum sold 127,369 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $33.35, for a total transaction of $4,247,756.15. Following the transaction, the chief executive officer owned 3,250,466 shares of the company’s stock, valued at approximately $108,403,041.10. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 67,840 shares of the company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $35.19, for a total value of $2,387,289.60. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 479,337 shares of company stock valued at $16,910,863. 26.60% of the stock is owned by company insiders.

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.