Y Intercept Hong Kong Ltd Takes Position in FIGS, Inc. $FIGS

Y Intercept Hong Kong Ltd purchased a new position in FIGS, Inc. (NYSE:FIGS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,037 shares of the company’s stock, valued at approximately $141,000.

Several other institutional investors have also made changes to their positions in FIGS. Security Benefit Life Insurance Co. KS acquired a new position in FIGS in the 1st quarter valued at approximately $6,962,000. Pacer Advisors Inc. acquired a new stake in shares of FIGS during the 1st quarter valued at $4,640,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of FIGS during the 1st quarter valued at $3,727,000. Woodline Partners LP purchased a new position in shares of FIGS during the 1st quarter valued at $3,199,000. Finally, Ameriprise Financial Inc. increased its stake in shares of FIGS by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 12,791,506 shares of the company’s stock worth $58,713,000 after acquiring an additional 603,340 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. BTIG Research lifted their price objective on FIGS from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group raised their price target on FIGS from $5.00 to $5.50 and gave the stock a “sell” rating in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of FIGS in a report on Wednesday, October 8th. Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th. Finally, Cowen reaffirmed a “hold” rating on shares of FIGS in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.90.

FIGS Stock Up 13.9%

Shares of FIGS stock opened at $8.57 on Monday. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $8.90. The stock has a 50 day moving average price of $7.29 and a two-hundred day moving average price of $6.18. The stock has a market capitalization of $1.40 billion, a P/E ratio of 85.69, a PEG ratio of 3.95 and a beta of 1.34.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a net margin of 3.03% and a return on equity of 4.58%. The company had revenue of $151.66 million for the quarter, compared to analyst estimates of $142.39 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. FIGS has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that FIGS, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In other FIGS news, CEO Catherine Eva Spear sold 65,866 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total transaction of $453,158.08. Following the completion of the transaction, the chief executive officer owned 1,969,246 shares of the company’s stock, valued at $13,548,412.48. The trade was a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather L. Hasson sold 23,356 shares of the company’s stock in a transaction dated 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 owned 1,274,841 shares of the company’s stock, valued at $9,421,074.99. This trade represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 184,148 shares of company stock worth $1,295,234 in the last quarter. 29.44% of the stock is currently owned by company insiders.

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.