FIGS’s (FIGS) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Friday, Benzinga reports. They presently have a $6.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 15.38% from the stock’s current price.

Several other research firms have also recently commented on FIGS. The Goldman Sachs Group lowered their price target on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. Oppenheimer lowered FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Barclays lowered their price target on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Finally, Bank of America reaffirmed an “underperform” rating and set a $4.50 price objective (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.94.

FIGS Price Performance

FIGS stock opened at $5.20 on Friday. FIGS has a fifty-two week low of $4.37 and a fifty-two week high of $8.84. The firm’s 50 day simple moving average is $5.02 and its 200-day simple moving average is $5.95. The company has a market cap of $883.53 million, a P/E ratio of 47.28, a price-to-earnings-growth ratio of 19.95 and a beta of 1.41.

FIGS (NYSE:FIGS) last released its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $144.90 million for the quarter, compared to analysts’ expectations of $149.09 million. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. On average, analysts expect that FIGS will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total value of $87,321.48. Following the transaction, the chief financial officer now directly owns 409,858 shares in the company, valued at approximately $2,270,613.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $5.54, for a total value of $87,321.48. Following the sale, the chief financial officer now directly owns 409,858 shares in the company, valued at $2,270,613.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather L. Hasson sold 28,614 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total transaction of $139,922.46. Following the sale, the insider now directly owns 468,870 shares in the company, valued at $2,292,774.30. The disclosure for this sale can be found here. Insiders sold 46,200 shares of company stock valued at $237,349 over the last 90 days. 22.30% of the stock is currently owned by company insiders.

Institutional Trading of FIGS

A number of hedge funds have recently modified their holdings of the company. Banque Cantonale Vaudoise grew its position in shares of FIGS by 50.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares during the period. Octavia Wealth Advisors LLC bought a new position in FIGS during the fourth quarter worth about $75,000. International Assets Investment Management LLC bought a new position in FIGS during the fourth quarter worth about $76,000. Counterpoint Mutual Funds LLC acquired a new position in FIGS during the fourth quarter worth approximately $90,000. Finally, Janney Montgomery Scott LLC bought a new stake in FIGS in the third quarter valued at approximately $78,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.