FIGS (FIGS) Price Target Raised by 14.46% to $9.33
Price Target Update: The average one-year price target for FIGS (NYSE:FIGS) has been revised to $9.33 per share, reflecting a 14.46% increase from the previous estimate of $8.15, although it represents an 18.35% decrease from the latest closing price of $11.43.
Fund Sentiment: There are currently 372 funds reporting positions in FIGS, with a slight increase in ownership. The average portfolio weight dedicated to FIGS has risen to 0.10%, while total shares owned by institutions have decreased by 0.34% over the last three months.
Shareholder Activity: Bamco increased its stake in FIGS by 15.94%, now holding 38.37% of the company, while Ameriprise Financial significantly reduced its holdings by 81.57%. Other firms like T. Rowe Price also decreased their shares but increased their portfolio allocation.
Fintel Overview: Fintel provides comprehensive investing research tools, including fundamentals, analyst reports, and fund sentiment, aimed at individual investors and small hedge funds, enhancing their investment strategies with advanced quantitative models.
Trade with 70% Backtested Accuracy
Analyst Views on FIGS
About FIGS
About the author
FIGS Inc Sees Options Trading Volume Surge to 9,198 Contracts
- Active Options Trading: FIGS Inc's options trading volume surged to 9,198 contracts, representing approximately 919,800 shares, which is about 43.5% of its average daily trading volume of 2.1 million shares over the past month, indicating heightened market interest in the stock.
- High Demand Options: Among FIGS options, the $7.50 strike call option expiring on January 16, 2026, has seen a trading volume of 4,770 contracts, equivalent to approximately 477,000 shares, reflecting strong investor expectations for the stock's future appreciation.
- Willdan Group Activity: Concurrently, Willdan Group Inc's options trading volume reached 1,193 contracts, representing about 119,300 shares, which also accounts for 43.5% of its average daily trading volume of 273,980 shares over the past month, showcasing the stock's market activity.
- Bullish Options Trend: The $110 strike call option for WLDN has recorded a trading volume of 256 contracts today, equivalent to approximately 25,600 shares, indicating that investors are optimistic about the stock's performance in the coming months.
Figs (FIGS) Shows Strong Momentum: Is It a Good Time to Invest?
Momentum Investing Overview: Momentum investing involves buying stocks that are trending upwards, with the expectation that they will continue to rise. The Zacks Momentum Style Score helps investors identify stocks with strong momentum indicators.
FIGS Performance Metrics: FIGS (FIGS) has a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), showing significant price increases of 72.99% over the past quarter and 100.51% over the past year, outperforming the S&P 500.
Earnings Estimates and Volume: Recent earnings estimates for FIGS have improved, with five upward revisions in the last two months, boosting the consensus estimate from $0.06 to $0.11. The stock's average 20-day trading volume is 2,751,223 shares, indicating strong market interest.
Investment Recommendations: Investors are encouraged to consider FIGS as a promising stock for near-term gains, supported by its strong performance metrics and positive earnings revisions, alongside other Zacks expert stock picks that have historically shown high returns.
