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

Shares of Figma, Inc. (NYSE:FIG) have been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $38.3333.

Several equities analysts have weighed in on the company. BTIG Research assumed coverage on Figma in a report on Monday, April 13th. They set a “neutral” rating for the company. Citigroup began coverage on Figma in a report on Wednesday. They issued a “buy” rating and a $36.00 target price for the company. Royal Bank Of Canada dropped their target price on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. Piper Sandler reiterated an “overweight” rating and issued a $30.00 target price (down from $35.00) on shares of Figma in a report on Friday, May 15th. Finally, Stifel Nicolaus set a $25.00 target price on Figma in a report on Friday, May 15th.

Insider Transactions at Figma

In other news, CFO Praveer Melwani sold 83,974 shares of Figma stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the completion of the transaction, the chief financial officer owned 1,749,024 shares in the company, valued at approximately $39,825,276.48. The trade was a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of Figma stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total value of $469,274.64. Following the completion of the transaction, the general counsel owned 987,986 shares of the company’s stock, valued at approximately $24,739,169.44. This trade represents a 1.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 694,220 shares of company stock worth $17,023,005. 45.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Figma

A number of institutional investors and hedge funds have recently modified their holdings of FIG. Parallel Advisors LLC lifted its stake in shares of Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after acquiring an additional 1,167 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Figma during the 3rd quarter worth approximately $26,000. DV Equities LLC bought a new stake in shares of Figma during the 4th quarter worth approximately $26,000. Concord Wealth Partners lifted its stake in shares of Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 680 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after acquiring an additional 690 shares during the last quarter.

Figma Price Performance

NYSE FIG opened at $18.88 on Friday. The stock has a market capitalization of $8.41 billion and a PE ratio of -5.50. The business has a 50 day simple moving average of $20.34 and a two-hundred day simple moving average of $26.39. Figma has a 1-year low of $16.60 and a 1-year high of $142.92.

Figma (NYSE:FIG) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.27. The business had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business’s revenue was up 46.1% on a year-over-year basis. On average, analysts anticipate that Figma will post -0.78 EPS for the current fiscal year.

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.