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

Shares of Figma, Inc. (NYSE:FIG) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $38.6250.

A number of brokerages have recently issued reports on FIG. Royal Bank Of Canada lowered their price target on Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Oppenheimer began coverage on Figma in a research note on Wednesday, March 25th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. lowered their price target on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Wall Street Zen raised Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, The Goldman Sachs Group set a $35.00 price objective on Figma in a research note on Thursday, February 19th.

Figma Price Performance

Shares of NYSE:FIG opened at $24.24 on Wednesday. The business’s 50 day moving average price is $20.66 and its 200-day moving average price is $27.97. The firm has a market capitalization of $10.80 billion and a PE ratio of -7.07. Figma has a 1 year low of $16.60 and a 1 year high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. The firm had revenue of $333.44 million for the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm’s revenue was up 46.1% compared to the same quarter last year. As a group, analysts expect that Figma will post -0.7 earnings per share for the current year.

Insiders Place Their Bets

In other Figma news, CEO Dylan Field sold 174,430 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction of $4,364,238.60. The transaction was disclosed in a document filed with the SEC, which is accessible 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 the business’s stock in a transaction 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 transaction, the general counsel directly owned 987,986 shares in the company, valued at $24,739,169.44. This trade represents a 1.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 525,703 shares of company stock valued at $13,175,159.

Hedge Funds Weigh In On Figma

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma during the third quarter worth $26,000. NewEdge Advisors LLC purchased a new stake in Figma in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Figma in the third quarter valued at $27,000. Sunbelt Securities Inc. purchased a new stake in Figma in the third quarter valued at $30,000. Finally, US Bancorp DE purchased a new stake in Figma in the third quarter valued at $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.