Endeavour Capital Advisors Inc. Purchases New Position in Figure Technology Solutions, Inc. $FIGR

Endeavour Capital Advisors Inc. purchased a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 294,711 shares of the company’s stock, valued at approximately $10,719,000. Figure Technology Solutions makes up 3.2% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Endeavour Capital Advisors Inc. owned approximately 0.14% of Figure Technology Solutions at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Readystate Asset Management LP purchased a new position in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $546,000. Zweig DiMenna Associates LLC purchased a new position in Figure Technology Solutions during the third quarter valued at $10,711,000. Vanguard Group Inc. acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at about $91,751,000. JPMorgan Chase & Co. purchased a new stake in shares of Figure Technology Solutions during the third quarter worth about $15,529,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth about $73,000.

Insider Buying and Selling at Figure Technology Solutions

In other Figure Technology Solutions news, Director David K. Chao purchased 4,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were acquired at an average price of $38.26 per share, with a total value of $153,040.00. Following the purchase, the director directly owned 4,000 shares in the company, valued at approximately $153,040. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David Todd Stevens sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $35.22, for a total value of $1,408,800.00. Following the sale, the insider directly owned 489,000 shares of the company’s stock, valued at $17,222,580. The trade was a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,352,573 shares of company stock worth $48,731,291.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Bank of America cut Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price objective on the stock. in a report on Tuesday, February 3rd. Weiss Ratings cut Figure Technology Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $71.00 price objective on shares of Figure Technology Solutions in a report on Thursday, February 5th. Texas Capital raised shares of Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, Zacks Research cut shares of Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.50.

Figure Technology Solutions Trading Down 3.8%

Figure Technology Solutions stock opened at $35.50 on Thursday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average price is $49.27. Figure Technology Solutions, Inc. has a 12-month low of $30.01 and a 12-month high of $78.00. The firm has a market capitalization of $6.25 billion and a PE ratio of 104.41.

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.