FIGS (NYSE:FIGS) Price Target Raised to $10.00 at BTIG Research

FIGS (NYSE:FIGS) had its price target lifted by BTIG Research from $9.00 to $10.00 in a report released on Friday morning,Benzinga reports. BTIG Research currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on FIGS. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a research report on Sunday, October 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of FIGS in a research report on Wednesday, October 8th. Morgan Stanley upped their price target on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Telsey Advisory Group reaffirmed a “market perform” rating and set a $9.00 price target (up from $7.00) on shares of FIGS in a research report on Monday, November 3rd. Finally, Cowen reissued a “hold” rating on shares of FIGS in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.90.

FIGS Stock Performance

NYSE:FIGS traded up $1.05 during mid-day trading on Friday, hitting $8.57. The stock had a trading volume of 5,890,908 shares, compared to its average volume of 1,679,870. FIGS has a twelve month low of $3.57 and a twelve month high of $8.90. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 85.69, a PEG ratio of 4.82 and a beta of 1.34. The company’s 50 day simple moving average is $7.29 and its 200 day simple moving average is $6.15.

FIGS (NYSE:FIGS) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. FIGS had a return on equity of 4.58% and a net margin of 3.03%.The firm had revenue of $151.66 million for the quarter, compared to the consensus estimate of $142.39 million. During the same quarter in the previous year, the business earned ($0.01) earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. FIGS has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that FIGS will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Oughtred sold 22,745 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total transaction of $168,085.55. Following the completion of the sale, the chief financial officer directly owned 845,345 shares in the company, valued at $6,247,099.55. This represents a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Catherine Eva Spear sold 62,213 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $6.88, for a total value of $428,025.44. Following the completion of the sale, the chief executive officer directly owned 1,907,033 shares in the company, valued at $13,120,387.04. This trade represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 184,148 shares of company stock worth $1,295,234 over the last three months. Insiders own 29.44% of the company’s stock.

Institutional Trading of FIGS

A number of hedge funds have recently made changes to their positions in FIGS. Farther Finance Advisors LLC grew its holdings in shares of FIGS by 12,795.0% during the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock worth $29,000 after purchasing an additional 5,118 shares during the last quarter. Assetmark Inc. acquired a new stake in FIGS during the 3rd quarter worth approximately $35,000. Capstone Financial Advisors Inc. bought a new stake in FIGS during the 2nd quarter worth approximately $56,000. Hudson Bay Capital Management LP acquired a new position in FIGS in the 2nd quarter valued at approximately $61,000. Finally, Walleye Capital LLC bought a new position in shares of FIGS during the second quarter valued at $65,000. 92.21% of the stock is 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.