Mon Sep 23 21:54:50 UTC 2024: ## FIGS Stock Rises 4.8% on Monday, Despite Analyst Skepticism
**New York, NY (MarketBeat News)** – Shares of FIGS, Inc. (NYSE:FIGS) closed up 4.8% on Monday, trading as high as $5.93 before settling at $5.92. The stock’s volume was significantly lower than average, suggesting a possible lack of strong buying pressure.
Despite the positive stock movement, analysts remain divided on the company’s outlook. Goldman Sachs downgraded FIGS to a “Sell” rating last month, while Telsey Advisory Group maintained a “Market Perform” rating. Overall, MarketBeat data indicates an average rating of “Hold” with a consensus target price of $5.40.
The company’s recent earnings report showed a slight beat on revenue expectations, with $144.23 million reported against an analyst estimate of $142.25 million. However, earnings per share (EPS) came in at $0.01, down from $0.02 in the same quarter last year.
Insider trading activity also provides a mixed outlook. Heather L. Hasson, an insider at FIGS, sold 40,149 shares last month, while several institutional investors increased their positions in the company during the second quarter.
FIGS, a direct-to-consumer healthcare apparel and lifestyle company, continues to expand its product offerings beyond its core scrubwear line. The company’s future performance will likely depend on its ability to maintain its growth trajectory in a competitive market.
First Piper 