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

Telsey Advisory Group reaffirmed their market perform rating on shares of FIGS (NYSE:FIGS) in a report released on Friday,Benzinga reports. They currently have a $7.00 price target on the stock. 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.

Several other research analysts have also issued reports on the company. Barclays dropped 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, November 12th. The Goldman Sachs Group lowered their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Price Performance

Shares of NYSE FIGS opened at $4.57 on Friday. The business’s 50 day moving average is $5.72 and its two-hundred day moving average is $5.77. FIGS has a 1-year low of $4.30 and a 1-year high of $7.05. The stock has a market capitalization of $776.03 million, a P/E ratio of 76.17, a PEG ratio of 31.62 and a beta of 1.22.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the transaction, the insider now 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 filing with the SEC, which is available at the SEC website. 22.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FIGS

A number of large investors have recently made changes to their positions in the business. Pullen Investment Management LLC increased its position in shares of FIGS by 46.1% in the 4th quarter. Pullen Investment Management LLC now owns 112,236 shares of the company’s stock valued at $695,000 after acquiring an additional 35,434 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of FIGS by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,344 shares of the company’s stock valued at $1,587,000 after acquiring an additional 39,462 shares during the period. Two Sigma Advisers LP acquired a new position in shares of FIGS in the 4th quarter valued at $888,000. Two Sigma Investments LP increased its position in shares of FIGS by 151.9% in the 4th quarter. Two Sigma Investments LP now owns 433,432 shares of the company’s stock valued at $2,683,000 after acquiring an additional 261,367 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of FIGS by 17.7% in the 4th quarter. ProShare Advisors LLC now owns 748,960 shares of the company’s stock valued at $4,636,000 after acquiring an additional 112,722 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.