Morpheus Research Takes Short Position in Figure Technology Solutions

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: Apr 16 2026

0mins

FIGR+0.32%

Should l Buy FIGR?

Source: moomoo

Figure Technology Solutions Inc's stock rose by 4.39% and reached a 20-day high amid positive market conditions.

Despite the increase in stock price, Morpheus Research has taken a short position in Figure Technology Solutions, indicating a bearish outlook on the company's future performance. This move suggests that the firm anticipates potential challenges ahead for the company, despite the current upward trend in the stock price.

Investors may want to consider the implications of Morpheus Research's position, as it could signal underlying concerns about the company's long-term growth prospects.

Trade with 70% Backtested Accuracy

Stop guessing "Should I Buy FIGR?" and start using high-conviction signals backed by rigorous historical data.

Analyst Views on FIGR

Wall Street analysts forecast FIGR stock price to rise

7 Analyst Rating

6 Buy

1 Hold

0 Sell

Strong Buy

Current: 37.510

Low

50.00

Averages

54.67

High

62.00

Current: 37.510

Low

50.00

Averages

54.67

High

62.00

Morpheus Research

maintain

2026-04-16

Reason

Morpheus Research

Price Target

AI Analysis

2026-04-16

maintain

Reason

Morpheus Research believes time is up for blockchain-themed stock promotion Figure Technology, "whose claims of DeFi disruption fall apart under scrutiny. In our eyes, the market will soon re-rate $FIGR for what it is: an undifferentiated HELOC lender with aggressive underwriting & mounting competition." Furthermore, it believes "the evidence justifies a short position in shares of Figure." In a recently published report, Morpheus says, "Our 4-month investigation reveals that Figure is little more than a risky home equity lender masquerading as a blockchain innovator. Its blockchain initiatives, including Figure Connect, Democratized Prime, YLDS, OPEN, and Figure Markets appear to have stalled or are propped up by Figure itself. The company's closely affiliated 'Provenance Blockchain' bears hallmarks of centralization antithetical to the DeFi movement."

Goldman Sachs

Buy

maintain

$42 -> $44

2026-04-06

Reason

Goldman Sachs

Price Target

$42 -> $44

2026-04-06

maintain

Buy

Reason

Goldman Sachs raised the firm's price target on Figure Technology to $44 from $42 and keeps a Buy rating on the shares. The company reported sequentially stronger March and Q1 preliminary operating data as consumer loan marketplace volume improved, the analyst tells investors in a research note. The firm adds it remains constructive on the longer-term growth of Figure's core business and expects volumes to continue building from the robust March levels, supported by strong origination partner growth over the past year, expanding partnerships and product development, as well as a seasonally improving HELOC origination backdrop.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for FIGR

Unlock Now

About FIGR

Figure Technology Solutions Inc., formerly FT Intermediate, Inc., is a blockchain-native capital marketplace that connects origination, funding, and secondary market activity. It operates and manages its business through FT Intermediate, Inc. (FTI) and Figure Markets Holdings, Inc. (Markets). The Company's proprietary technology enables next generation lending, trading and investing activities in areas, such as consumer credit and digital assets. Its application of the blockchain ledger allows it to serve its end-customers, improve speed and efficiency, and enhance standardization and liquidity. Its products include Figure HELOC, DSCR Loan, Cash-Out Refinance, Crypto-Backed Loan, Blog, Testimonials, and Repayment Assistance. It utilizes blockchain technology to develop an exchange for digital assets and credit, with new product offerings including providing interest-bearing stablecoin deposits. Its Figure HELOCs offer investors a diversified and risk-adjusted return on the market.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Figure Technology Solutions Reports Preliminary Operating Data

5 days agoNewsfilter

Consumer Loan Marketplace Performance: In April 2026, Figure's consumer loan marketplace volume reached $1.338 billion, a 12% increase from March and a remarkable 108% year-over-year growth, indicating strong momentum that is likely to enhance its market share further.
Rising Borrower Demand: Borrower demand hit $394 million in April, up 5% from March, reflecting robust market appetite for loan products, which could drive future revenue growth for the company.
Decline in Available Lender Supply: Available lender supply decreased to $428 million in April, down 6% from March, which may impact loan availability and exert pressure on the company's competitive position in the market.
$YLDS Circulation Volume Changes: The circulation of $YLDS stood at $529 million in April, a 12% decline from March, which could affect investor confidence in the company's stability, necessitating close monitoring of subsequent market reactions.

Officer of Figure Technology Solutions (FIGR.US) Plans to Sell $4.38 Million in Common Stock via Form 144

Apr 28 2026moomoo

Stock Sale Announcement: Officer Michael B. Tannenbaum plans to sell 127.37K shares of Figure Technology Solutions' common stock.
Market Value: The total market value of the shares being sold is approximately $4.38 million.

Figure Technology to Report Q1 2026 Results on May 11

Apr 22 2026Newsfilter

Earnings Report Schedule: Figure Technology Solutions plans to release its Q1 2026 results after market close on May 11, followed by a conference call on May 12 at 8:30 a.m. ET, reflecting the company's commitment to transparency and investor communication.
Market Leadership: As a leading blockchain-native capital marketplace, Figure has originated over $24 billion in home equity loans in partnership with over 300 partners, solidifying its position as the largest non-bank provider of HELOCs in the market.
Innovative Product Ecosystem: The rapid growth of products like Figure Connect and Democratized Prime showcases the company's innovative capabilities in the consumer credit and on-chain lending markets, further diversifying its business and enhancing competitive strength.
Rating Recognition: Figure has received AAA ratings from S&P and Moody's on multiple loan securitizations, highlighting its leadership and credibility in blockchain finance, which may attract increased investor interest in the future.