Figma, Inc. (NYSE:FIG) Receives Average Rating of “Hold” from Brokerages

Shares of Figma, Inc. (NYSE:FIG) have been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $52.1250.

FIG has been the subject of a number of recent research reports. Stifel Nicolaus started coverage on shares of Figma in a research note on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Piper Sandler decreased their price objective on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. The Goldman Sachs Group started coverage on Figma in a research note on Monday, January 12th. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Royal Bank Of Canada cut their target price on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th.

Figma Price Performance

Shares of FIG stock opened at $27.18 on Thursday. Figma has a 12 month low of $26.79 and a 12 month high of $142.92. The company has a market cap of $11.30 billion and a P/E ratio of -10.14. The stock has a 50 day moving average price of $36.29.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The business’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share.

Insider Buying and Selling

In related news, CEO Dylan Field sold 3,029,063 shares of Figma stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $37.30, for a total transaction of $112,984,049.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Kris Rasmussen sold 272,789 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $43.47, for a total transaction of $11,858,137.83. Following the sale, the chief technology officer directly owned 11,121,558 shares in the company, valued at $483,454,126.26. This represents a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,509,988 shares of company stock valued at $209,103,972 in the last ninety days. Insiders own 45.20% of the company’s stock.

Institutional Investors Weigh In On Figma

A number of large investors have recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. bought a new position in Figma in the 3rd quarter valued at $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the third quarter valued at about $27,000. Sunbelt Securities Inc. bought a new position in shares of Figma in the third quarter valued at about $30,000. Finally, US Bancorp DE acquired a new position in Figma during the 3rd quarter worth about $31,000.

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.