FIGS’s (FIGS) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of FIGS (NYSE:FIGS) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have 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.

Several other analysts also recently weighed in on the company. Barclays decreased their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, FIGS has a consensus rating of “Hold” and an average target price of $5.40.

FIGS Stock Performance

Shares of FIGS stock opened at $4.92 on Wednesday. The stock has a 50 day moving average price of $6.06 and a 200 day moving average price of $5.72. The firm has a market capitalization of $840.63 million, a P/E ratio of 82.00, a P/E/G ratio of 242.88 and a beta of 1.44. FIGS has a 52-week low of $4.30 and a 52-week high of $7.98.

Hedge Funds Weigh In On FIGS

Several institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its position in FIGS by 26.6% during the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after purchasing an additional 161,249 shares during the period. Rice Hall James & Associates LLC purchased a new stake in shares of FIGS during the 2nd quarter valued at $3,856,000. Vanguard Group Inc. raised its holdings in shares of FIGS by 1.7% in the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock worth $62,735,000 after buying an additional 206,673 shares during the last quarter. Resolute Capital Asset Partners LLC purchased a new position in FIGS in the 2nd quarter worth $799,000. Finally, American Century Companies Inc. purchased a new position in FIGS in the 2nd quarter worth $554,000. 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.