ProShare Advisors LLC Acquires 172,027 Shares of FIGS, Inc. $FIGS

ProShare Advisors LLC increased its holdings in FIGS, Inc. (NYSE:FIGS) by 28.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 772,968 shares of the company’s stock after buying an additional 172,027 shares during the quarter. ProShare Advisors LLC’s holdings in FIGS were worth $4,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIGS. Farther Finance Advisors LLC raised its position in 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 acquiring an additional 5,118 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of FIGS during the 1st quarter valued at $66,000. US Bancorp DE purchased a new stake in shares of FIGS in the 1st quarter worth $70,000. Janney Montgomery Scott LLC purchased a new stake in shares of FIGS in the 2nd quarter worth $79,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in FIGS in the 2nd quarter worth $92,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FIGS

In other FIGS news, CFO Sarah Oughtred sold 22,745 shares of FIGS stock in a transaction that occurred on Tuesday, November 4th. The stock was 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 of the company’s stock, valued at $6,247,099.55. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Heather L. Hasson sold 23,356 shares of the company’s stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders sold 118,282 shares of company stock worth $842,076 in the last quarter. 29.44% of the stock is owned by corporate insiders.

FIGS Stock Performance

Shares of NYSE FIGS opened at $9.25 on Friday. The company has a market cap of $1.52 billion, a P/E ratio of 92.47, a P/E/G ratio of 3.81 and a beta of 1.34. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $10.24. The firm’s fifty day moving average is $7.55 and its two-hundred day moving average is $6.34.

FIGS (NYSE:FIGS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a return on equity of 4.50% and a net margin of 3.03%.The firm had revenue of $151.66 million during the quarter, compared to analyst estimates of $142.39 million. During the same quarter last year, the business posted ($0.01) earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on FIGS shares. 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 report on Monday, November 3rd. Zacks Research raised FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. The Goldman Sachs Group boosted their price objective on FIGS from $5.00 to $5.50 and gave the company a “sell” rating in a research note on Friday, November 7th. BTIG Research increased their target price on shares of FIGS from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Morgan Stanley raised 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $8.10.

FIGS 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.