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

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

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

FIGS Trading Down 18.1 %

NYSE:FIGS opened at $4.57 on Friday. The company has a market capitalization of $776.03 million, a P/E ratio of 76.17, a P/E/G ratio of 31.62 and a beta of 1.22. FIGS has a 12 month low of $4.30 and a 12 month high of $7.05. The business’s 50-day moving average is $5.72 and its 200 day moving average is $5.77.

Insiders Place Their Bets

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now directly 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 through this link. 22.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FIGS

Several large investors have recently added to or reduced their stakes in FIGS. Geode Capital Management LLC grew its stake in shares of FIGS by 3.8% during the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after buying an additional 109,979 shares during the last quarter. Barclays PLC grew its stake in shares of FIGS by 152.5% during the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after buying an additional 173,316 shares during the last quarter. Applied Fundamental Research LLC grew its stake in shares of FIGS by 6.1% during the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock valued at $18,114,000 after buying an additional 152,900 shares during the last quarter. Blue Trust Inc. grew its stake in shares of FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after buying an additional 6,099 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of FIGS by 165.4% during the third quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after buying an additional 372,693 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

About FIGS

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.