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

Telsey Advisory Group reissued their market perform rating on shares of FIGS (NYSE:FIGS) in a research note issued to investors on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $9.00 target price on the stock.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Wall Street Zen downgraded shares of FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research upgraded shares of FIGS from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Barclays lifted their target price on FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, BTIG Research boosted their price target on FIGS from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.10.

FIGS Stock Up 1.1%

Shares of NYSE FIGS opened at $11.24 on Friday. FIGS has a 12 month low of $3.57 and a 12 month high of $12.50. The company has a market cap of $1.85 billion, a P/E ratio of 112.35 and a beta of 1.29. The business’s 50 day moving average is $11.36 and its two-hundred day moving average is $9.19.

Insider Activity at FIGS

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

Institutional Trading of FIGS

A number of large investors have recently bought and sold shares of FIGS. Y Intercept Hong Kong Ltd grew its holdings in shares of FIGS by 943.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 261,232 shares of the company’s stock worth $1,748,000 after purchasing an additional 236,195 shares during the last quarter. XTX Topco Ltd acquired a new position in FIGS in the second quarter valued at about $671,000. Catalyst Funds Management Pty Ltd bought a new stake in FIGS during the second quarter worth about $72,000. ProShare Advisors LLC grew its stake in FIGS by 24.7% during the third quarter. ProShare Advisors LLC now owns 963,560 shares of the company’s stock worth $6,446,000 after buying an additional 190,592 shares during the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of FIGS by 2.2% during the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock worth $338,256,000 after buying an additional 1,302,823 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

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.