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

Telsey Advisory Group reaffirmed their market perform rating on shares of FIGS (NYSE:FIGS) in a research report released on Wednesday,Benzinga reports. The firm currently has a $7.00 price objective on the stock. Telsey Advisory Group also issued estimates for FIGS’s Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.06 EPS.

Other equities research analysts have also issued reports about the stock. Barclays decreased their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group upped their price target on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.40.

FIGS Stock Down 1.8 %

FIGS stock opened at $4.92 on Wednesday. The stock has a market cap of $840.63 million, a PE ratio of 82.00, a P/E/G ratio of 236.16 and a beta of 1.44. FIGS has a 12-month low of $4.30 and a 12-month high of $7.98. The business’s 50-day moving average price is $6.06 and its two-hundred day moving average price is $5.73.

Institutional Investors Weigh In On FIGS

A number of institutional investors have recently added to or reduced their stakes in FIGS. ProShare Advisors LLC lifted its holdings in shares of FIGS by 26.6% during the first quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock worth $3,817,000 after purchasing an additional 161,249 shares during the period. Rice Hall James & Associates LLC acquired a new position in FIGS during the 2nd quarter worth about $3,856,000. Vanguard Group Inc. grew its position in shares of FIGS by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after buying an additional 206,673 shares during the last quarter. Resolute Capital Asset Partners LLC acquired a new stake in shares of FIGS in the second quarter valued at about $799,000. Finally, American Century Companies Inc. bought a new position in shares of FIGS during the second quarter worth about $554,000. 92.21% of the stock is owned by 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.