FIGS (NYSE:FIGS) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of FIGS (NYSE:FIGS) in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has 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.

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

FIGS Stock Up 7.6 %

FIGS opened at $5.07 on Wednesday. The stock has a market capitalization of $866.26 million, a price-to-earnings ratio of 84.50, a PEG ratio of 226.08 and a beta of 1.44. The firm has a 50 day moving average price of $6.09 and a 200-day moving average price of $5.73. FIGS has a twelve month low of $4.30 and a twelve month high of $7.98.

Institutional Investors Weigh In On FIGS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in FIGS by 26.6% during the first quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after acquiring an additional 161,249 shares during the period. Rice Hall James & Associates LLC purchased a new position in FIGS in the 2nd quarter worth approximately $3,856,000. Vanguard Group Inc. boosted its stake in FIGS by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock worth $62,735,000 after purchasing an additional 206,673 shares during the period. Resolute Capital Asset Partners LLC purchased a new stake in FIGS during the 2nd quarter valued at approximately $799,000. Finally, American Century Companies Inc. purchased a new position in shares of FIGS in the second quarter worth $554,000. Institutional investors own 92.21% of the company’s stock.

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.