The Manufacturers Life Insurance Company Purchases 37,100 Shares of Figure Technology Solutions, Inc. $FIGR

The Manufacturers Life Insurance Company lifted its position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 660.5% in the first quarter, HoldingsChannel.com reports. The firm owned 42,717 shares of the company’s stock after purchasing an additional 37,100 shares during the period. The Manufacturers Life Insurance Company’s holdings in Figure Technology Solutions were worth $1,450,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in Figure Technology Solutions during the 4th quarter valued at about $25,000. Strs Ohio purchased a new stake in Figure Technology Solutions in the 4th quarter worth approximately $34,000. MetLife Investment Management LLC bought a new stake in shares of Figure Technology Solutions in the 4th quarter worth approximately $35,000. WPG Advisers LLC grew its position 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 worth $32,000 after buying an additional 388 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Figure Technology Solutions during the fourth quarter valued at approximately $40,000.

Figure Technology Solutions Trading Up 0.7%

NASDAQ:FIGR opened at $28.82 on Tuesday. Figure Technology Solutions, Inc. has a one year low of $24.11 and a one year high of $78.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50-day simple moving average is $29.28 and its 200 day simple moving average is $34.68. The firm has a market capitalization of $5.26 billion and a P/E ratio of 49.69.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $166.84 million for the quarter. As a group, analysts forecast that Figure Technology Solutions, Inc. will post 0.92 EPS for the current fiscal year.

Insider Transactions at Figure Technology Solutions

In related news, insider David Todd Stevens sold 47,064 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $42.35, for a total value of $1,993,160.40. Following the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 35,190 shares of Figure Technology Solutions stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $38.20, for a total value of $1,344,258.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 155,463 shares of company stock valued at $5,926,353. 26.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler decreased their target price on Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. 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. Keefe, Bruyette & Woods cut their target price on shares of 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, Zacks Research upgraded shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $50.62.

Figure Technology Solutions 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.