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

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a report released on Monday, Benzinga reports. They currently have a $7.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 12.00% from the company’s current price.

Separately, The Goldman Sachs Group lifted their price objective on FIGS from $4.25 to $4.75 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.60.

FIGS Price Performance

NYSE FIGS opened at $6.25 on Monday. The company has a market cap of $1.07 billion, a PE ratio of 62.50, a price-to-earnings-growth ratio of 83.33 and a beta of 1.44. The stock’s 50 day simple moving average is $6.15 and its 200-day simple moving average is $5.69. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, August 8th. The company reported $0.01 earnings per share 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 last year, the business posted $0.02 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that FIGS will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of FIGS stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the sale, the insider now owns 425,710 shares in the company, valued at $2,426,547. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 43,586 shares of company stock worth $249,902 over the last quarter. 22.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FIGS

Institutional investors have recently modified their holdings of the company. Dakota Wealth Management acquired a new stake in shares of FIGS in the second quarter valued at $57,000. Creative Planning grew its stake in shares of FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after buying an additional 1,911 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of FIGS by 787.0% in the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock valued at $950,000 after buying an additional 12,356 shares in the last quarter. Verus Capital Partners LLC acquired a new stake in shares of FIGS in the second quarter valued at $79,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of 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 buying an additional 3,247 shares in the last quarter. 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.