Heather Hasson Sells 23,356 Shares of FIGS (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) insider Heather Hasson sold 23,356 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total value of $172,600.84. Following the sale, the insider owned 1,274,841 shares of the company’s stock, valued at $9,421,074.99. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

FIGS Stock Down 0.8%

Shares of FIGS traded down $0.06 during trading hours on Thursday, reaching $7.52. The company’s stock had a trading volume of 3,817,928 shares, compared to its average volume of 2,004,924. The company has a 50 day moving average of $7.26 and a two-hundred day moving average of $6.11. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 188.05, a P/E/G ratio of 4.73 and a beta of 1.34. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $8.49.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. FIGS had a net margin of 1.26% and a return on equity of 1.84%. The business had revenue of $151.66 million during the quarter, compared to analysts’ expectations of $142.39 million. FIGS has set its FY 2025 guidance at EPS. As a group, analysts forecast that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

FIGS has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. The Goldman Sachs Group lifted their price objective on FIGS from $3.75 to $4.50 and gave the company a “sell” rating in a research report on Tuesday, July 22nd. Cowen restated a “hold” rating on shares of FIGS in a research note on Friday, August 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of FIGS in a research note on Monday. Finally, BTIG Research initiated coverage on FIGS in a report on Tuesday, October 14th. They set a “buy” rating and a $9.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.10.

Hedge Funds Weigh In On FIGS

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of FIGS by 12,795.0% in the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock worth $29,000 after buying an additional 5,118 shares during the last quarter. Assetmark Inc. acquired a new position in shares of FIGS during the 3rd quarter valued at about $35,000. Capstone Financial Advisors Inc. bought a new position in shares of FIGS in the 2nd quarter valued at approximately $56,000. Hudson Bay Capital Management LP acquired a new stake in FIGS in the 2nd quarter worth approximately $61,000. Finally, Walleye Capital LLC bought a new stake in FIGS during the second quarter worth approximately $65,000. 92.21% of the stock is owned by institutional investors and hedge funds.

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.