Telsey Advisory Group Reaffirms Market Perform Rating for FIGS (NYSE:FIGS)

Telsey Advisory Group reissued their market perform rating on shares of FIGS (NYSE:FIGS - Free Report) in a report released on Friday,Benzinga reports. Telsey Advisory Group currently has a $7.00 price target on the stock. Telsey Advisory Group also issued estimates for FIGS's Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at $0.02 EPS, Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.01 EPS, FY2026 earnings at $0.06 EPS and FY2027 earnings at $0.10 EPS.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of FIGS from $5.00 to $4.50 and set a "sell" rating on the stock in a research note on Tuesday, December 10th. Barclays cut their price objective on shares of FIGS from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, FIGS has a consensus rating of "Hold" and a consensus price target of $5.35.

FIGS Trading Up 4.4 %

Shares of FIGS stock traded up $0.21 on Friday, hitting $4.82. 4,252,079 shares of the company traded hands, compared to its average volume of 3,032,299. The company has a market cap of $817.64 million, a PE ratio of 80.25, a PEG ratio of 31.62 and a beta of 1.22. The stock's 50 day moving average price is $5.69 and its 200-day moving average price is $5.77. FIGS has a 52 week low of $4.30 and a 52 week high of $7.06.

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Insider Transactions at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the completion of the sale, the insider now directly owns 354,221 shares in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 22.30% of the company's stock.

Hedge Funds Weigh In On FIGS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pullen Investment Management LLC boosted its position in FIGS by 46.1% in the fourth quarter. Pullen Investment Management LLC now owns 112,236 shares of the company's stock valued at $695,000 after buying an additional 35,434 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of FIGS by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,344 shares of the company's stock worth $1,587,000 after acquiring an additional 39,462 shares during the period. Two Sigma Advisers LP purchased a new position in shares of FIGS during the fourth quarter worth $888,000. Two Sigma Investments LP lifted its position in FIGS by 151.9% during the fourth quarter. Two Sigma Investments LP now owns 433,432 shares of the company's stock valued at $2,683,000 after purchasing an additional 261,367 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in FIGS by 17.7% in the fourth quarter. ProShare Advisors LLC now owns 748,960 shares of the company's stock valued at $4,636,000 after purchasing an additional 112,722 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.