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

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $7.00 target price on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 53.17% from the stock’s current price. 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.

A number of other research firms have also weighed in on FIGS. The Goldman Sachs Group reduced their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Barclays reduced their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, FIGS has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Stock Down 18.1 %

FIGS stock opened at $4.57 on Friday. FIGS has a twelve month low of $4.30 and a twelve month high of $7.05. The firm has a market cap of $776.03 million, a PE ratio of 76.17, a price-to-earnings-growth ratio of 31.62 and a beta of 1.22. The business has a 50 day moving average of $5.72 and a 200 day moving average of $5.77.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the sale, the insider now owns 354,221 shares of the company’s stock, valued at $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FIGS

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning lifted its position in FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after purchasing an additional 1,911 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of FIGS by 3.1% in the fourth quarter. MetLife Investment Management LLC now owns 78,952 shares of the company’s stock valued at $489,000 after acquiring an additional 2,355 shares in the last quarter. Malaga Cove Capital LLC lifted its position in shares of FIGS by 1.2% in the fourth quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company’s stock valued at $1,341,000 after acquiring an additional 2,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of FIGS by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company’s stock valued at $458,000 after acquiring an additional 2,807 shares in the last quarter. Finally, FMR LLC lifted its position in shares of FIGS by 0.3% in the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock valued at $7,901,000 after acquiring an additional 3,000 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.