Waverly Advisors LLC Has $1.01 Million Stock Position in Figure Technology Solutions, Inc. $FIGR

by · The Cerbat Gem

Waverly Advisors LLC lowered its position in Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report) by 45.8% during the first quarter, HoldingsChannel.com reports. The firm owned 29,812 shares of the company’s stock after selling 25,191 shares during the quarter. Waverly Advisors LLC’s holdings in Figure Technology Solutions were worth $1,012,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FIGR. Global Retirement Partners LLC purchased a new stake in shares of Figure Technology Solutions during the 4th quarter worth about $25,000. WPG Advisers LLC grew its stake in shares of Figure Technology Solutions by 71.1% in the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after buying an additional 388 shares in the last quarter. Strs Ohio bought a new stake in shares of Figure Technology Solutions in the 4th quarter valued at approximately $34,000. MetLife Investment Management LLC acquired a new position in Figure Technology Solutions in the fourth quarter worth approximately $35,000. Finally, Flagship Harbor Advisors LLC bought a new position in Figure Technology Solutions during the fourth quarter valued at approximately $40,000.

Wall Street Analysts Forecast Growth

FIGR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of Figure Technology Solutions in a report on Wednesday, July 8th. Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Mizuho upped their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Figure Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $50.25.

Get Our Latest Stock Report on FIGR

Insiders Place Their Bets

In related news, insider David Todd Stevens sold 47,064 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $42.35, for a total transaction of $1,993,160.40. Following the completion of the sale, the insider directly owned 406,051 shares of the company’s stock, valued at approximately $17,196,259.85. This represents a 10.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $36.03, for a total transaction of $73,176.93. Following the completion of the transaction, the chief executive officer owned 3,193,641 shares in the company, valued at $115,066,885.23. The trade was a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 155,463 shares of company stock valued at $5,926,353 in the last three months. Company insiders own 26.60% of the company’s stock.

Figure Technology Solutions Stock Down 3.5%

Shares of FIGR stock opened at $24.91 on Friday. The stock’s 50 day simple moving average is $30.03 and its 200 day simple moving average is $36.39. Figure Technology Solutions, Inc. has a twelve month low of $24.28 and a twelve month high of $78.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $4.55 billion and a price-to-earnings ratio of 42.95.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $166.84 million for the quarter. As a group, research analysts predict that Figure Technology Solutions, Inc. will post 0.92 EPS for the current year.

Figure Technology Solutions Profile

(Free Report)

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.

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