FIGS’s (FIGS) Market Perform Rating Reaffirmed at Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a note issued to investors on Monday, Benzinga reports. They presently have a $6.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 4.17% from the stock’s current price.

A number of other analysts have also recently weighed in on FIGS. The Goldman Sachs Group decreased their target price on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Roth Mkm lowered their target price on FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.30.

FIGS Stock Performance

Shares of FIGS stock traded down $0.25 during trading on Monday, reaching $5.76. 1,490,839 shares of the company’s stock were exchanged, compared to its average volume of 3,652,610. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98. The company has a market cap of $980.51 million, a P/E ratio of 52.36, a PEG ratio of 86.00 and a beta of 1.42. The firm’s 50-day moving average price is $5.54 and its 200 day moving average price is $5.47.

FIGS (NYSE:FIGS) last posted its earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The firm had revenue of $119.29 million during the quarter, compared to analysts’ expectations of $117.38 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts predict that FIGS will post 0.03 EPS for the current year.

Insider Activity at FIGS

In other news, insider Heather L. Hasson sold 28,614 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total transaction of $139,922.46. Following the completion of the transaction, the insider now directly owns 468,870 shares in the company, valued at $2,292,774.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 32,649 shares of company stock worth $161,206 over the last three months. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

Several large investors have recently modified their holdings of the company. Banque Cantonale Vaudoise increased its stake in shares of FIGS by 50.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after acquiring an additional 2,000 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of FIGS by 23.6% during 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. Price T Rowe Associates Inc. MD boosted its position in shares of FIGS by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after purchasing an additional 4,038 shares in the last quarter. Tandem Capital Management Corp ADV grew its stake in shares of FIGS by 3.3% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 133,330 shares of the company’s stock valued at $725,000 after buying an additional 4,200 shares during the period. Finally, Evoke Wealth LLC increased its position in FIGS by 77.8% in the 4th quarter. Evoke Wealth LLC now owns 19,191 shares of the company’s stock valued at $133,000 after buying an additional 8,395 shares in the last quarter. 92.21% of the stock is currently 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.