FIGS (NYSE:FIGS) Shares Gap Down – Time to Sell?

Shares of FIGS, Inc. (NYSE:FIGS) gapped down prior to trading on Friday . The stock had previously closed at $15.37, but opened at $12.15. FIGS shares last traded at $11.2740, with a volume of 2,251,423 shares trading hands.

FIGS News Summary

Here are the key news stories impacting FIGS this week:

• Positive Sentiment: Q1 results beat expectations — GAAP EPS $0.03 vs. $0.01 est., revenue $159.9M vs. $153.2M est.; revenue +28% YoY and net margin ~5.4%. FIGS Releases First Quarter 2026 Financial Results
• Positive Sentiment: Company raised FY?2026 revenue guidance to roughly $719.5M–$732.1M, above Street consensus (~$706M), signaling continued top?line strength. Q1 Financial Highlights Presentation
• Neutral Sentiment: Management commentary and details are available in the Q1 earnings call transcript — useful for assessing guidance cadence, margin commentary and inventory/marketing plans. FIGS Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Corporate PR: FIGS announced a long?term partnership with actor/advocate Noah Wyle to support healthcare workforce issues — brand/CSR positive but unlikely to move near?term fundamentals. FIGS and Noah Wyle Partnership
• Negative Sentiment: Insider selling: Chairman Heather Hasson sold 32,385 shares and CFO Sarah Oughtred sold 23,597 shares (both reported as Rule 10b5?1 plan trades). Even if pre?planned, these sales can raise short?term selling pressure or investor concern about insider timing. Heather Hasson Sells 32,385 Shares of FIGS Stock
• Negative Sentiment: Despite the beats and raised revenue guide, the stock dropped sharply on the report — headlines note a notable sell?off, suggesting investors may have judged margins, forward EPS clarity, or valuation less favorably. Figs delivers impressive Q1 but stock drops

Analyst Ratings Changes

FIGS has been the topic of several recent analyst reports. KeyCorp boosted their price target on FIGS to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. BTIG Research reissued a “buy” rating and issued a $20.00 price objective on shares of FIGS in a research note on Friday, April 24th. The Goldman Sachs Group raised FIGS from a “strong sell” rating to a “hold” rating in a research note on Friday, February 27th. Morgan Stanley boosted their price objective on FIGS from $8.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, April 13th. Finally, Weiss Ratings raised FIGS from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.93.

FIGS Price Performance

The company has a market cap of $1.86 billion, a price-to-earnings ratio of 58.74 and a beta of 1.12. The business has a 50 day simple moving average of $15.08 and a 200 day simple moving average of $12.10.

FIGS (NYSE:FIGS) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $159.90 million for the quarter, compared to analyst estimates of $153.15 million. FIGS had a return on equity of 8.41% and a net margin of 5.43%.The company’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, sell-side analysts anticipate that FIGS, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at FIGS

In other news, CFO Sarah Oughtred sold 23,597 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $14.33, for a total transaction of $338,145.01. Following the completion of the sale, the chief financial officer owned 1,129,791 shares in the company, valued at $16,189,905.03. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Heather L. Hasson sold 32,385 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $14.33, for a total value of $464,077.05. Following the sale, the chairman owned 1,433,807 shares of the company’s stock, valued at approximately $20,546,454.31. The trade was a 2.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 685,516 shares of company stock worth $11,233,441 over the last 90 days. 29.44% of the stock is owned by insiders.

Institutional Investors Weigh In On FIGS

A number of institutional investors and hedge funds have recently made changes to their positions in FIGS. Marshall Wace LLP raised its position in shares of FIGS by 66.2% during the fourth quarter. Marshall Wace LLP now owns 4,297,868 shares of the company’s stock worth $48,824,000 after acquiring an additional 1,712,610 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of FIGS by 2,139.7% during the second quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock worth $7,374,000 after acquiring an additional 1,249,091 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of FIGS by 9.0% during the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after acquiring an additional 1,144,962 shares during the last quarter. Jennison Associates LLC raised its position in shares of FIGS by 178.4% during the first quarter. Jennison Associates LLC now owns 1,401,214 shares of the company’s stock worth $20,696,000 after acquiring an additional 897,935 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of FIGS by 940.7% during the second quarter. Squarepoint Ops LLC now owns 924,092 shares of the company’s stock worth $5,212,000 after acquiring an additional 835,300 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.