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

Key Points

• Analyst consensus is “Hold”: Of 13 analysts covering Figma, eight rate it a hold, four a buy and one a sell. The average 12-month price target is $32.56, above the reported $25.22 opening price.
• Figma exceeded quarterly earnings expectations: The company reported EPS of $0.08 versus the consensus estimate of a $0.22 loss, while revenue rose 48.2% year over year to $370.08 million. Despite the revenue growth, Figma posted negative net margins and return on equity.
• Insiders have been selling shares: Insiders sold 1.22 million shares worth approximately $31.8 million over the past three months, while insiders still own 32.26% of the company.

Shares of Figma, Inc. (NYSE:FIG - Get Free Report) have been given an average recommendation of "Hold" by the thirteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $32.5556.

Several analysts have issued reports on FIG shares. Piper Sandler restated an "overweight" rating and set a $30.00 price objective on shares of Figma in a report on Thursday, June 25th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Figma in a report on Thursday, August 6th. Oppenheimer restated a "market perform" rating on shares of Figma in a report on Thursday, June 25th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. Finally, Bank of America raised their price objective on shares of Figma from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th.

Figma Stock Down 2.0%

Shares of NYSE FIG opened at $25.22 on Friday. The stock's fifty day simple moving average is $24.11 and its 200 day simple moving average is $22.90. The stock has a market capitalization of $11.48 billion and a price-to-earnings ratio of -6.93. Figma has a 52-week low of $16.60 and a 52-week high of $71.48.

Figma (NYSE:FIG - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.30. The business had revenue of $370.08 million during the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The company's revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, analysts anticipate that Figma will post -0.75 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.39, for a total value of $316,740.25. Following the completion of the sale, the insider owned 786,700 shares of the company's stock, valued at $19,974,313. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel Rimer sold 12,475 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.39, for a total value of $316,740.25. Following the completion of the sale, the director directly owned 786,700 shares of the company's stock, valued at approximately $19,974,313. This trade represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,221,747 shares of company stock valued at $31,753,027. 32.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Figma

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company's stock worth $25,000 after purchasing an additional 1,167 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Figma during the third quarter valued at approximately $26,000. DV Equities LLC purchased a new position in Figma during the fourth quarter valued at approximately $26,000. Harbour Investments Inc. increased its stake in Figma by 1,568.2% in the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company's stock valued at $27,000 after buying an additional 690 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Figma in the 3rd quarter valued at approximately $27,000.

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.

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