Vestor Capital LLC Has $2.76 Million Position in Figure Technology Solutions, Inc. $FIGR

Vestor Capital LLC raised its stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 2,908.7% in the first quarter, Holdings Channel reports. The fund owned 81,234 shares of the company’s stock after acquiring an additional 78,534 shares during the period. Vestor Capital LLC’s holdings in Figure Technology Solutions were worth $2,758,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter worth about $9,221,000. Franklin Resources Inc. acquired a new position in Figure Technology Solutions in the third quarter valued at about $5,456,000. BNP Paribas Financial Markets acquired a new position in Figure Technology Solutions in the third quarter valued at about $102,000. UBS Group AG bought a new stake in Figure Technology Solutions during the third quarter worth about $7,620,000. Finally, Invesco Ltd. bought a new stake in Figure Technology Solutions during the third quarter worth about $25,451,000.

Figure Technology Solutions Stock Performance

Figure Technology Solutions stock opened at $25.81 on Friday. The company has a market cap of $4.71 billion and a PE ratio of 44.50. 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 1 year low of $24.90 and a 1 year high of $78.00. The company’s 50-day moving average is $30.21 and its two-hundred day moving average is $36.47.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $166.84 million for the quarter. Equities analysts anticipate that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIGR has been the subject of a number of research analyst reports. 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. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Figure Technology Solutions in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods reduced their price objective on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Wall Street Zen cut Figure Technology Solutions from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.25.

Insider Buying and Selling at Figure Technology Solutions

In related news, Director Michael Scott Cagney sold 35,190 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total value of $1,344,258.00. Following the sale, the director directly owned 35,190 shares in the company, valued at $1,344,258. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 3,193,641 shares of the company’s stock, valued at approximately $115,066,885.23. This represents a 0.06% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last quarter. 26.60% of the stock is owned by corporate insiders.

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.