FIGS, Inc. (NYSE:FIGS) Receives $5.35 Average PT from Brokerages

FIGS, Inc. (NYSE:FIGS) has been given an average rating of “Reduce” by the six analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.35.

A number of brokerages have weighed in on FIGS. The Goldman Sachs Group reduced their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Finally, Barclays dropped their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th.

FIGS Trading Up 6.1 %

FIGS stock opened at $6.13 on Friday. The firm has a market cap of $1.04 billion, a PE ratio of 102.17, a PEG ratio of 290.40 and a beta of 1.24. FIGS has a 1 year low of $4.30 and a 1 year high of $7.05. The company has a fifty day simple moving average of $5.54 and a 200 day simple moving average of $5.83.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the transaction, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FIGS. Bamco Inc. NY increased its stake in FIGS by 12.5% during the third quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after acquiring an additional 3,342,755 shares during the period. Geode Capital Management LLC increased its position in shares of FIGS by 3.8% during the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after purchasing an additional 109,979 shares during the period. State Street Corp raised its stake in shares of FIGS by 1.4% in the third quarter. State Street Corp now owns 2,743,494 shares of the company’s stock valued at $18,765,000 after purchasing an additional 38,787 shares in the last quarter. Applied Fundamental Research LLC lifted its position in FIGS by 6.1% in the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after purchasing an additional 152,900 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in FIGS by 318.1% during the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after buying an additional 1,153,481 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.