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

Telsey Advisory Group reaffirmed their market perform rating on shares of FIGS (NYSE:FIGS) in a report published on Friday,Benzinga reports. Telsey Advisory Group currently has a $9.00 target price on the stock.

A number of other brokerages have also recently commented on FIGS. The Goldman Sachs Group lifted their target price on shares of FIGS from $5.50 to $7.50 and gave the company a “sell” rating in a report on Friday, January 30th. Wall Street Zen lowered shares of FIGS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Barclays raised their price target on FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Finally, Morgan Stanley upped their price objective on FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, FIGS currently has a consensus rating of “Hold” and a consensus price target of $10.10.

FIGS Stock Performance

FIGS opened at $11.24 on Friday. FIGS has a one year low of $3.57 and a one year high of $12.50. The stock has a market capitalization of $1.85 billion, a P/E ratio of 112.35 and a beta of 1.29. The business’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $9.15.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 22,874 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $241,549.44. Following the transaction, the insider owned 1,251,967 shares in the company, valued at approximately $13,220,771.52. The trade was a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Catherine Eva Spear sold 49,734 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $11.38, for a total value of $565,972.92. Following the completion of the sale, the chief executive officer directly owned 1,857,299 shares of the company’s stock, valued at $21,136,062.62. This represents a 2.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 105,813 shares of company stock valued at $1,168,051. 29.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FIGS

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FourThought Financial Partners LLC increased its holdings in shares of FIGS by 3.6% in the 4th quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock valued at $373,000 after purchasing an additional 1,138 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of FIGS by 4.2% during the 3rd quarter. GSA Capital Partners LLP now owns 52,045 shares of the company’s stock worth $348,000 after acquiring an additional 2,083 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of FIGS by 0.8% in the 2nd quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock worth $1,878,000 after acquiring an additional 2,612 shares during the period. Creative Planning increased its stake in FIGS by 4.9% in the 3rd quarter. Creative Planning now owns 68,932 shares of the company’s stock valued at $461,000 after purchasing an additional 3,192 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FIGS by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock worth $354,000 after purchasing an additional 3,276 shares during 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 designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.