Sarah Oughtred Sells 22,745 Shares of FIGS (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 22,745 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $7.39, for a total value of $168,085.55. Following the sale, the chief financial officer owned 845,345 shares in the company, valued at approximately $6,247,099.55. This trade represents a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sarah Oughtred also recently made the following trade(s):

• On Friday, October 3rd, Sarah Oughtred sold 9,968 shares of FIGS stock. The stock was sold at an average price of $7.36, for a total value of $73,364.48.

FIGS Stock Up 13.9%

Shares of NYSE:FIGS opened at $8.57 on Friday. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $8.90. The stock’s fifty day simple moving average is $7.29 and its 200-day simple moving average is $6.15. The company has a market capitalization of $1.40 billion, a P/E ratio of 85.69, a P/E/G ratio of 4.82 and a beta of 1.34.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.05 EPS 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 during the quarter, compared to analysts’ expectations of $142.39 million. During the same quarter last year, the business posted ($0.01) EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. FIGS has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that FIGS, Inc. will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On FIGS

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIGS. Farther Finance Advisors LLC grew its holdings in shares of FIGS by 12,795.0% during the 2nd 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 period. Security Benefit Life Insurance Co. KS acquired a new stake in shares of FIGS in the first quarter worth $6,962,000. Russell Investments Group Ltd. purchased a new position in shares of FIGS in the 1st quarter valued at $334,000. Blueshift Asset Management LLC acquired a new position in shares of FIGS during the 1st quarter valued at $700,000. Finally, Charles Schwab Investment Management Inc. boosted its position in FIGS by 11.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,043,970 shares of the company’s stock worth $4,792,000 after purchasing an additional 108,788 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of FIGS in a research report on Wednesday, October 8th. Morgan Stanley lifted their target price on shares of FIGS from $4.25 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Telsey Advisory Group reissued a “market perform” rating and set a $9.00 price target (up previously from $7.00) on shares of FIGS in a research note on Monday, November 3rd. Cowen restated a “hold” rating on shares of FIGS in a report on Friday, August 8th. Finally, BTIG Research upped their target price on FIGS from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.90.

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.