Figma, Inc. (NYSE:FIG) Receives $62.86 Consensus Target Price from Analysts

Shares of Figma, Inc. (NYSE:FIG) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $62.8571.

Several research firms have recently weighed in on FIG. Wells Fargo & Company reduced their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group increased their price target on shares of Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Morgan Stanley decreased their price target on shares of Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. Piper Sandler cut their price objective on shares of Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Bank of America reduced their target price on shares of Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, September 4th.

Figma Stock Performance

Shares of NYSE:FIG opened at $37.56 on Friday. The company has a 50-day simple moving average of $40.87. Figma has a 52-week low of $32.83 and a 52-week high of $142.92.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($1.56) by $1.66. The business had revenue of $274.17 million for the quarter. The firm’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS.

Insider Buying and Selling at Figma

In other news, General Counsel Brendan Mulligan sold 80,934 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $43.47, for a total value of $3,518,200.98. Following the sale, the general counsel directly owned 913,181 shares in the company, valued at approximately $39,695,978.07. This represents a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Shaunt Voskanian sold 403,335 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $43.39, for a total value of $17,500,705.65. Following the completion of the transaction, the executive directly owned 1,617,326 shares of the company’s stock, valued at approximately $70,175,775.14. The trade was a 19.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,954,256 shares of company stock worth $189,878,277 in the last three months.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma in the third quarter valued at about $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the third quarter valued at $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Figma in the third quarter valued at approximately $30,000. Finally, US Bancorp DE bought a new stake in shares of Figma during the third quarter worth approximately $31,000.

Figma Company Profile

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.