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

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

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada decreased their target price on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. JPMorgan Chase & Co. decreased their target price on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Oppenheimer assumed coverage on Figma in a research report on Wednesday, March 25th. They set a “market perform” rating for the company. BTIG Research assumed coverage on Figma in a research report on Monday, April 13th. They set a “neutral” rating for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Figma in a research report on Friday, May 15th.

Figma Stock Performance

Shares of FIG stock opened at $18.88 on Friday. Figma has a 52-week low of $16.60 and a 52-week high of $142.92. The firm has a market capitalization of $8.41 billion and a P/E ratio of -5.50. The stock has a 50 day moving average price of $20.34 and a 200 day moving average price of $26.39.

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. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $333.44 million during the quarter. Figma’s quarterly revenue was up 46.1% on a year-over-year basis. As a group, sell-side analysts forecast that Figma will post -0.78 EPS for the current year.

Insider Buying and Selling at Figma

In other Figma news, CAO Tyler Herb sold 1,850 shares of Figma stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.40, for a total transaction of $48,840.00. Following the completion of the sale, the chief accounting officer directly owned 263,435 shares of the company’s stock, valued at $6,954,684. The trade was a 0.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Shaunt Voskanian sold 87,510 shares of Figma stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total value of $2,013,605.10. Following the sale, the executive directly owned 1,781,380 shares of the company’s stock, valued at approximately $40,989,553.80. This trade represents a 4.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 694,220 shares of company stock worth $17,023,005 over the last quarter. Insiders own 45.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of Figma by 3,890.0% in 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 in the last quarter. J. Derek Lewis & Associates Inc. raised its position in shares of Figma by 58.6% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 20,300 shares of the company’s stock worth $429,000 after acquiring an additional 7,500 shares in the last quarter. Bank of America Corp DE raised its position in shares of Figma by 428.1% in the 1st quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock worth $88,377,000 after acquiring an additional 3,388,902 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Figma by 287.0% in the 1st quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company’s stock worth $47,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Figma by 37.8% in the 1st quarter. Royal Bank of Canada now owns 94,704 shares of the company’s stock worth $2,002,000 after acquiring an additional 25,957 shares in the last quarter.

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.