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

Telsey Advisory Group reiterated their market perform rating on shares of FIGS (NYSE:FIGS) in a research report released on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $7.00 price target on the stock.

Separately, The Goldman Sachs Group upped their price target on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Two research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.60.

FIGS Trading Up 4.1 %

FIGS stock opened at $6.68 on Monday. FIGS has a 1-year low of $4.30 and a 1-year high of $7.98. The business’s 50 day simple moving average is $6.19 and its 200 day simple moving average is $5.71. The firm has a market capitalization of $1.14 billion, a PE ratio of 64.10, a PEG ratio of 82.80 and a beta of 1.44.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter. The firm had revenue of $144.23 million for the quarter, compared to the consensus estimate of $142.25 million. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. As a group, sell-side analysts predict that FIGS will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On FIGS

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC raised its stake in FIGS by 318.1% in the 2nd quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after purchasing an additional 1,153,481 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of FIGS during the second quarter worth approximately $3,856,000. Bamco Inc. NY raised its position in shares of FIGS by 2.0% in the first quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after buying an additional 516,496 shares in the last quarter. Millennium Management LLC boosted its stake in shares of FIGS by 296.4% in the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after buying an additional 466,252 shares during the period. Finally, Algert Global LLC grew its position in FIGS by 175.4% during the second quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after buying an additional 406,556 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

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.