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

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $7.00 price objective on the stock. Telsey Advisory Group’s price target suggests a potential upside of 39.72% from the company’s current price. 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.

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

FIGS Price Performance

Shares of FIGS opened at $5.01 on Wednesday. The company has a market cap of $856.01 million, a P/E ratio of 83.50, a PEG ratio of 226.08 and a beta of 1.44. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98. The stock has a fifty day moving average price of $6.07 and a 200 day moving average price of $5.72.

Institutional Trading of FIGS

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its holdings in shares of FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after buying an additional 1,153,481 shares during the period. Rice Hall James & Associates LLC bought a new stake in FIGS in the second quarter worth about $3,856,000. Bamco Inc. NY lifted its holdings in FIGS by 2.0% in the 1st quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after acquiring an additional 516,496 shares during the last quarter. Millennium Management LLC boosted its position in shares of FIGS by 296.4% during the 2nd quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after purchasing an additional 466,252 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of FIGS by 175.4% in the 2nd quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after purchasing an additional 406,556 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

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.