Lazard Asset Management LLC Sells 35,079 Shares of Figure Technology Solutions, Inc. $FIGR

Lazard Asset Management LLC trimmed its position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 21.8% during the first quarter, Holdings Channel.com reports. The firm owned 125,601 shares of the company’s stock after selling 35,079 shares during the period. Lazard Asset Management LLC’s holdings in Figure Technology Solutions were worth $4,264,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pictet Asset Management Holding SA grew its holdings in shares of Figure Technology Solutions by 69.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 67,893 shares of the company’s stock valued at $2,773,000 after buying an additional 27,893 shares during the last quarter. UBS Group AG increased its position in shares of Figure Technology Solutions by 322.9% during the fourth quarter. UBS Group AG now owns 885,977 shares of the company’s stock worth $36,183,000 after acquiring an additional 676,470 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Figure Technology Solutions in the 4th quarter worth about $5,041,000. SG Americas Securities LLC acquired a new stake in shares of Figure Technology Solutions in the 4th quarter worth about $1,416,000. Finally, Vanguard Group Inc. lifted its position in Figure Technology Solutions by 17.9% in the 4th quarter. Vanguard Group Inc. now owns 2,974,853 shares of the company’s stock valued at $121,493,000 after acquiring an additional 452,136 shares in the last quarter.

Insider Buying and Selling at Figure Technology Solutions

In other news, insider David Todd Stevens sold 47,064 shares of the firm’s stock in a transaction that occurred 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 owned 406,051 shares in the company, valued at $17,196,259.85. This trade represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $28.13, for a total transaction of $112,520.00. Following the sale, the chief financial officer owned 495,651 shares of the company’s stock, valued at approximately $13,942,662.63. The trade was a 0.80% decrease in their position. 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 have sold a total of 155,463 shares of company stock valued at $5,926,353 in the last three months. 26.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on FIGR shares. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Mizuho raised their target price on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Piper Sandler cut their target price on Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen downgraded Figure Technology Solutions from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.25.

Figure Technology Solutions Stock Down 3.5%

Shares of NASDAQ:FIGR opened at $24.91 on Friday. Figure Technology Solutions, Inc. has a 1 year low of $24.28 and a 1 year high of $78.00. The company has a market capitalization of $4.55 billion and a PE ratio of 42.95. The business has a fifty day moving average price of $30.03 and a two-hundred day moving average price of $36.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90.

Figure Technology Solutions (NASDAQ:FIGR) last released its 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 business had revenue of $166.84 million for the quarter. Analysts forecast that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current year.

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.