FIGS (NYSE:FIGS) Earns “Market Perform” Rating from Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a note issued to investors on Monday, Benzinga reports. They currently have a $7.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 12.00% from the company’s previous close.

Separately, The Goldman Sachs Group upped their price objective on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $5.60.

FIGS Stock Performance

FIGS opened at $6.25 on Monday. FIGS has a 12-month low of $4.30 and a 12-month high of $7.98. The business’s fifty day simple moving average is $6.15 and its 200-day simple moving average is $5.69. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 62.50, a PEG ratio of 83.33 and a beta of 1.44.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The business had revenue of $144.23 million for the quarter, compared to the consensus estimate of $142.25 million. During the same quarter in the prior year, the company earned $0.02 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that FIGS will post 0.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 40,149 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the sale, the insider now directly owns 425,710 shares of the company’s stock, valued at $2,426,547. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 43,586 shares of company stock valued at $249,902 over the last ninety days. Company insiders own 22.30% of the company’s stock.

Institutional Trading of FIGS

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in FIGS by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,390,645 shares of the company’s stock valued at $86,115,000 after purchasing an additional 112,575 shares during the period. Janney Montgomery Scott LLC grew its holdings in FIGS by 23.6% in the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after purchasing an additional 3,247 shares during the period. ProShare Advisors LLC grew its holdings in FIGS by 26.6% in the first 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. Quadrature Capital Ltd acquired a new stake in FIGS in the first quarter valued at approximately $129,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in FIGS by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after purchasing an additional 4,038 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

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.