FIG is trading at -5.30% now at $34.16 amid an ongoing post-IPO selloff, fueled by investor concerns over slowing forward guidance following its recent earnings report.
- Recent earnings showed strong 41% revenue growth ($249.6M) but projected slowing guidance (33% this quarter, 37% yearly).
- The negative sentiment led to analyst target cuts from BofA, Wells Fargo, RBC, and Morgan Stanley.
- The drop was exacerbated by lockup expiration, allowing early insider selling.