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

Key Points

• Figma received a consensus analyst rating of Hold from 15 brokers (1 sell, 10 hold, 4 buy) with an average 12‑month price target of $43.25.
• Figma beat quarterly EPS expectations ($0.08 vs. -$0.20) and reported revenue up 40.1% year‑over‑year to $303.8M, but remains unprofitable with negative net margin and ROE and analysts forecast -0.69 EPS for the year.
• Notable insider and institutional activity: a director purchased 912,749 shares (~$22.2M) while CEO Dylan Field sold 250,000 shares, and large investors (e.g., SC US Ttgp, ICONIQ, a16z, JPMorgan, Baillie Gifford) materially increased holdings.

Figma, Inc. (NYSE:FIG - Get Free Report) has been assigned an average rating of "Hold" from the fifteen analysts that are currently covering the firm, MarketBeat reports. One research 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 12-month price target among analysts that have issued a report on the stock in the last year is $43.25.

A number of research firms recently commented on FIG. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Figma from a "sell" rating to a "hold" rating in a research note on Sunday, February 8th. Stifel Nicolaus lowered their price objective on shares of Figma from $40.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, February 19th. Oppenheimer began coverage on shares of Figma in a research note on Wednesday, March 25th. They set a "market perform" rating on the stock. Finally, Wells Fargo & Company lowered their price objective on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, February 19th.

Figma Price Performance

FIG opened at $18.72 on Friday. Figma has a 12 month low of $16.60 and a 12 month high of $142.92. The stock has a market cap of $8.31 billion and a P/E ratio of -6.00. The stock's 50 day moving average price is $23.11 and its 200 day moving average price is $32.50.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.28. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The firm had revenue of $303.78 million for the quarter. The business's quarterly revenue was up 40.1% on a year-over-year basis. Equities analysts anticipate that Figma will post -0.69 EPS for the current year.

Insider Buying and Selling at Figma

In related news, Director Andrew Phillips Reed acquired 912,749 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $24.30 per share, for a total transaction of $22,179,800.70. Following the completion of the purchase, the director directly owned 1,466,852 shares of the company's stock, valued at $35,644,503.60. The trade was a 164.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Dylan Field sold 250,000 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total transaction of $7,700,000.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,060,645 shares of company stock valued at $30,526,164. 45.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. SC US Ttgp LTD. acquired a new position in Figma in the third quarter worth approximately $1,310,305,000. ICONIQ Capital LLC acquired a new position in Figma in the third quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma in the third quarter worth approximately $842,687,000. JPMorgan Chase & Co. grew its position in Figma by 119.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company's stock worth $248,284,000 after buying an additional 3,615,198 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company's stock worth $215,386,000 after buying an additional 2,789,986 shares during 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.

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