On September 3, Figure Technology Solutions rose 5.11% in regular trading, trading at $35.15/share, with turnover of approximately $20.77 million.
On the news front, the stock rebounded following a 5.21% decline on September 2 triggered by profit-taking after the company officially completed its $717 million acquisition of Kiavi, an AI-powered real estate lending platform. The transaction, executed through a joint venture between Figure and Sixth Street, is expected to add over $7 billion in annual first-lien volume to the Figure Connect marketplace.
The broader consumer credit sector saw a broad-based recovery, with SoFi Technologies up 4.4%, Dave Inc up 3.24%, and Upstart up 2.8%, providing a favorable backdrop for the technical rebound. Additionally, the company's Q2 results reported EPS of $0.35, beating the consensus estimate of $0.23 by over 52%, while revenue of $225.6 million roughly doubled year-over-year, reinforcing underlying fundamental support.
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