Figma, Inc. (NYSE:FIG) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Figma, Inc. has received an average analyst rating of "Hold", with seven firms recommending hold and three issuing buy ratings.
• Insider activity revealed significant sales, including Director Daniel H. Rimer offloading over 3.2 million shares, indicating a 79.78% decrease in his position.
• The company's recent quarter results showed a loss of ($0.07) EPS, missing the consensus estimate by 15 cents, despite revenues of $249.64 million.

Shares of Figma, Inc. (NYSE:FIG - Get Free Report) have been given a consensus rating of "Hold" by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $67.4286.

A number of analysts have recently weighed in on FIG shares. William Blair reissued an "outperform" rating on shares of Figma in a research report on Thursday, September 4th. Wells Fargo & Company dropped their price target on Figma from $82.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. assumed coverage on Figma in a research note on Monday, August 25th. They set a "neutral" rating and a $65.00 price target on the stock. Bank of America dropped their price target on Figma from $85.00 to $69.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Finally, Zacks Research raised Figma to a "hold" rating in a report on Thursday, August 21st.

Figma Price Performance

Shares of Figma stock traded down $1.51 during trading on Friday, reaching $56.90. The company's stock had a trading volume of 10,633,465 shares, compared to its average volume of 9,111,711. The stock has a market capitalization of $23.33 billion and a price-to-earnings ratio of 76.89. Figma has a 1-year low of $50.49 and a 1-year high of $142.92.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.15). The firm had revenue of $249.64 million during the quarter, compared to analysts' expectations of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insiders Place Their Bets

In other news, Director Mamoon Amjad Hamid sold 2,756,020 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $86,869,750.40. Following the completion of the transaction, the director owned 1,559,622 shares of the company's stock, valued at $49,159,285.44. The trade was a 63.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Greylock Xiv Gp Llc sold 3,074,755 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $31.51, for a total value of $96,885,530.05. Following the completion of the transaction, the insider directly owned 2,921,029 shares of the company's stock, valued at approximately $92,041,623.79. This trade represents a 51.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215. Corporate insiders own 45.20% of the company's stock.

Figma Company Profile

Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.