Figma (NYSE:FIG) Research Coverage Started at Rothschild & Co Redburn

Rothschild & Co Redburn began coverage on shares of Figma (NYSE:FIG – Free Report) in a report published on Monday morning, Marketbeat reports. The firm issued a neutral rating and a $23.00 target price on the stock.

A number of other research analysts also recently weighed in on FIG. Stifel Nicolaus lowered their target price on Figma from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, October 14th. Morgan Stanley set a $33.00 target price on shares of Figma in a report on Thursday, August 6th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Wells Fargo & Company cut their price objective on Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Citigroup reduced their price target on shares of Figma from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Figma currently has a consensus rating of “Hold” and an average target price of $30.50.

View Our Latest Report on FIG

Figma Stock Performance

Shares of NYSE FIG opened at $22.17 on Monday. Figma has a twelve month low of $16.60 and a twelve month high of $46.79. The company has a 50 day moving average of $23.03 and a 200 day moving average of $23.06.

Figma (NYSE:FIG – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.32. The firm had revenue of $391.42 million for 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 42.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. On average, sell-side analysts forecast that Figma will post -0.75 EPS for the current fiscal year.

Insider Buying and Selling at Figma

In other Figma news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.39, for a total value of $316,740.25. Following the transaction, the insider directly owned 786,700 shares in the company, valued at $19,974,313. This represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel H. Rimer sold 12,475 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $25.39, for a total transaction of $316,740.25. Following the transaction, the director directly owned 786,700 shares in the company, valued at approximately $19,974,313. This trade represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 393,296 shares of company stock valued at $10,858,069. 32.26% of the stock is owned by company insiders.

Institutional Trading of Figma

Several institutional investors and hedge funds have recently modified their holdings of FIG. Parallel Advisors LLC lifted its holdings 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 buying an additional 1,167 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Figma by 287.0% during the first quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company’s stock valued at $47,000 after buying an additional 1,650 shares during the period. Atlantic Private Wealth LLC purchased a new position in shares of Figma during the first quarter valued at $74,000. IFP Advisors Inc increased its stake in shares of Figma by 176.1% during the second quarter. IFP Advisors Inc now owns 4,327 shares of the company’s stock valued at $78,000 after buying an additional 2,760 shares during the period. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Figma in the second quarter valued at about $203,000.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

  • Positive Sentiment: Figma reported third-quarter revenue of $391.42 million and earnings of $0.10 per share, above analysts’ consensus estimate of a $0.22-per-share loss. Reports also pointed to growth among large customers. Figma Revenue Rises as Large Customers Increase
  • Positive Sentiment: The company forecast fourth-quarter revenue of $402 million to $404 million, supporting expectations for continued sales growth. Figma Q4 Revenue Guidance
  • Neutral Sentiment: Figma is betting that AI credits and an in-house AI model can support adoption and eventually improve margins. The payoff depends on whether those initiatives can generate sufficient revenue relative to their costs. Figma Banks on AI Credits and In-House Model
  • Neutral Sentiment: Telsey Advisory Group initiated coverage with a “hold” rating, signaling a cautious stance. Telsey Advisory Group Ratings
  • Negative Sentiment: Despite the results and outlook, investors were concerned that AI features and development are expensive. The near-term cost of delivering AI tools—and Figma’s focus on long-term AI growth—could limit margin improvement, helping explain the negative reaction to earnings. Investors Weigh the Cost of Figma’s AI Push

Figma Company Profile

(Get Free Report)

Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company’s product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.

Further Reading

Analyst Recommendations for Figma (NYSE:FIG)

Receive News & Ratings for Figma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Figma and related companies with MarketBeat.com's FREE daily email newsletter.