Movement Alert｜Figure Technology Solutions Intraday Decline 4.01%, profit-taking followed a target price cut after a strong earnings beat

Market Focus11-13 23:06

On November 13, Figure Technology Solutions fell 4.01% in Regular Trading, trading at $24.95 per share, with turnover of $23.67 million.

The clearest catalyst tied to the pullback was a post-earnings target price reduction by an analyst, alongside signs of profit-taking after the prior session’s sharp rally on third-quarter results.

Figure Technology Solutions had reported third-quarter EPS of $0.36, revenue of $287.1 million, and adjusted EBITDA of $163.6 million, all above consensus, while guiding fourth-quarter loan marketplace volume to $6.2 billion-$6.7 billion and total take rate to 3.1%-3.4%. However, on November 13, an analyst lowered the price target to $50 from $55 while maintaining a positive rating, and the stock’s decline came after the earnings-driven surge seen a day earlier.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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