FIGS (NYSE:FIGS) Insider Sells $172,600.84 in Stock

FIGS, Inc. (NYSE:FIGS) insider Heather Hasson sold 23,356 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $7.39, for a total transaction of $172,600.84. Following the sale, the insider directly owned 1,274,841 shares in the company, valued at $9,421,074.99. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

FIGS Price Performance

Shares of FIGS stock opened at $8.57 on Friday. The business has a fifty day moving average of $7.29 and a 200 day moving average of $6.17. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $8.90. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 85.69, a price-to-earnings-growth ratio of 5.48 and a beta of 1.34.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. FIGS has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that FIGS, Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIGS. The Goldman Sachs Group lifted their price objective on shares of FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a research note on Friday. Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price objective (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 research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of FIGS in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.90.

Hedge Funds Weigh In On FIGS

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased 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 valued at $29,000 after buying an additional 5,118 shares in the last quarter. Security Benefit Life Insurance Co. KS purchased a new position in shares of FIGS during the 1st quarter valued at approximately $6,962,000. Russell Investments Group Ltd. acquired a new stake in FIGS in the 1st quarter valued at $334,000. Blueshift Asset Management LLC purchased a new stake in FIGS in the 1st quarter worth $700,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in FIGS by 11.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,043,970 shares of the company’s stock worth $4,792,000 after acquiring an additional 108,788 shares in the last quarter. Hedge funds and other 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.