Figma, Inc. (NYSE:FIG) Given Consensus Rating of “Hold” by Brokerages

Shares of Figma, Inc. (NYSE:FIG) have been assigned an average rating of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.2222.

FIG has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Piper Sandler restated an “overweight” rating and set a $30.00 target price on shares of Figma in a research note on Thursday, June 25th. Bank of America assumed coverage on Figma in a research note on Tuesday, July 7th. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Finally, Morgan Stanley set a $33.00 price objective on Figma in a research report on Thursday, August 6th.

Figma Stock Performance

NYSE:FIG opened at $25.40 on Monday. Figma has a fifty-two week low of $16.60 and a fifty-two week high of $81.00. The firm has a market cap of $11.56 billion and a PE ratio of -6.98. The business has a 50 day moving average price of $21.85 and a 200-day moving average price of $22.65.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The business had revenue of $370.08 million during the quarter. During the same quarter in the prior year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. Research analysts predict that Figma will post -0.75 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total value of $316,740.25. Following the completion of the sale, the insider owned 786,700 shares in the company, valued at $19,974,313. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Praveer Melwani sold 40,000 shares of Figma stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $26.63, for a total transaction of $1,065,200.00. Following the completion of the transaction, the chief financial officer owned 1,674,544 shares of the company’s stock, valued at $44,593,106.72. The trade was a 2.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,700,528 shares of company stock worth $42,362,560 in the last quarter. 32.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Figma

Several hedge funds and other institutional investors have recently made changes to their positions in FIG. NewEdge Advisors LLC acquired a new stake in Figma during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma in the 3rd quarter worth about $27,000. Sunbelt Securities Inc. purchased a new position in Figma in the 3rd quarter worth approximately $30,000. US Bancorp DE acquired a new position in shares of Figma during the third quarter worth $31,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Figma during the 3rd quarter valued at $33,000.

About Figma

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.