Figma (NYSE:FIG) Earns Sell (D) Rating from Analysts at Weiss Ratings

Key Points

• Figma has received a sell (D) rating from Weiss Ratings, indicating analysts' lack of confidence in the stock's performance.
• Wells Fargo and Morgan Stanley both lowered their price targets for Figma stock, with current consensus at $67.43 after several mixed ratings from various analysts.
• Figma's recent quarterly earnings report showed a loss of $0.07 per share, which was below analysts' expectations, despite revenue slightly exceeding projections.

Equities research analysts at Weiss Ratings assumed coverage on shares of Figma (NYSE:FIG - Get Free Report) in a research report issued to clients and investors on Friday,Weiss Ratings reports. The firm set a "sell (d)" rating on the stock.

A number of other research analysts have also weighed in on the company. Wells Fargo & Company dropped their price objective on Figma from $82.00 to $70.00 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. The Goldman Sachs Group began coverage on Figma in a report on Monday, August 25th. They issued a "neutral" rating and a $48.00 target price on the stock. Zacks Research raised Figma to a "hold" rating in a report on Thursday, August 21st. Morgan Stanley lowered their target price on Figma from $80.00 to $70.00 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. Finally, Piper Sandler began coverage on Figma in a report on Thursday, September 4th. They issued an "overweight" rating and a $85.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.43.

Figma Price Performance

Shares of FIG stock opened at $53.25 on Friday. The business's fifty day simple moving average is $60.19. Figma has a 1-year low of $49.53 and a 1-year high of $142.92. The firm has a market capitalization of $21.84 billion and a price-to-earnings ratio of 71.96.

Figma (NYSE:FIG - Get Free Report) last announced 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 company 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, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $2,753,776.32. Following the sale, the insider directly owned 1,559,622 shares in the company, valued at $49,159,285.44. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mamoon Amjad Hamid sold 2,756,020 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $86,869,750.40. Following the completion of the sale, the director owned 1,559,622 shares in the company, valued at $49,159,285.44. This represents a 63.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 312,500 shares of company stock valued at $10,312,500 and sold 19,617,451 shares valued at $618,294,215. Insiders own 45.20% of the company's stock.

Institutional Trading of Figma

Institutional investors and hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC purchased a new stake in shares of Figma in the third quarter valued at $57,000. SG Americas Securities LLC purchased a new stake in shares of Figma in the third quarter valued at $5,815,000. Global Retirement Partners LLC purchased a new position in Figma during the third quarter worth about $530,000. North Star Investment Management Corp. purchased a new position in Figma during the third quarter worth about $62,000. Finally, Signaturefd LLC purchased a new position in Figma during the third quarter worth about $1,235,000.

About Figma

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.

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