Analysts Set Figma, Inc. (NYSE:FIG) PT at $62.86

Figma, Inc. (NYSE:FIG) has been given a consensus rating of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $62.8571.

FIG has been the subject of several research reports. Bank of America decreased their target price on Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Royal Bank Of Canada decreased their price objective on Figma from $75.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Zacks Research raised Figma to a “hold” rating in a research report on Thursday, August 21st. Wolfe Research assumed coverage on shares of Figma in a research report on Monday, August 25th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday.

Figma Price Performance

Shares of NYSE FIG opened at $44.58 on Friday. The stock has a fifty day moving average of $54.95. Figma has a 12 month low of $42.24 and a 12 month high of $142.92.

Figma (NYSE:FIG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. During the same quarter in the prior year, the company earned $0.04 EPS. Figma’s revenue for the quarter was up 38.0% compared to the same quarter last year. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insider Activity

In other Figma news, CFO Praveer Melwani sold 16,092 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total value of $775,151.64. Following the sale, the chief financial officer directly owned 1,637,450 shares of the company’s stock, valued at approximately $78,875,966.50. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Tyler Herb sold 3,133 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $48.17, for a total value of $150,916.61. Following the transaction, the chief accounting officer owned 226,087 shares of the company’s stock, valued at $10,890,610.79. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 129,230 shares of company stock valued at $6,225,009.

Institutional Trading of Figma

Several institutional investors have recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. purchased a new position in Figma in the third quarter worth about $26,000. SOA Wealth Advisors LLC. bought a new stake in shares of Figma during the third quarter valued at approximately $39,000. Tripletail Wealth Management LLC purchased a new position in Figma in the 3rd quarter worth approximately $53,000. CoreCap Advisors LLC bought a new position in Figma in the 3rd quarter valued at approximately $57,000. Finally, North Star Investment Management Corp. purchased a new stake in Figma during the 3rd quarter valued at $62,000.

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.