FIGS (NYSE:FIGS) Shares Up 5.1%

FIGS, Inc. (NYSE:FIGS) shot up 5.1% during trading on Friday . The company traded as high as $5.83 and last traded at $5.82. 270,800 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 3,664,855 shares. The stock had previously closed at $5.54.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FIGS shares. The Goldman Sachs Group reduced their price target on shares of FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Roth Mkm dropped their price target on FIGS from $7.50 to $6.75 and set a “buy” rating on the stock in a research note on Friday, May 10th. Bank of America reissued an “underperform” rating and issued a $4.50 price objective (down from $8.50) on shares of FIGS in a report on Tuesday, April 2nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of FIGS in a report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.30.

FIGS Trading Up 4.3 %

The company has a 50 day simple moving average of $5.28 and a 200 day simple moving average of $5.51. The stock has a market capitalization of $983.93 million, a PE ratio of 50.37, a P/E/G ratio of 69.47 and a beta of 1.42.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. FIGS had a return on equity of 6.12% and a net margin of 4.07%. The business had revenue of $119.29 million for the quarter, compared to analyst estimates of $117.38 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts predict that FIGS, Inc. will post 0.03 EPS for the current year.

Insider Transactions at FIGS

In other FIGS news, insider Heather L. Hasson sold 28,614 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total transaction of $139,922.46. Following the transaction, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 32,649 shares of company stock worth $161,206. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP purchased a new stake in shares of FIGS during the third quarter worth about $4,306,000. Eagle Asset Management Inc. acquired a new position in FIGS in the 4th quarter valued at $12,152,000. Applied Fundamental Research LLC raised its holdings in FIGS by 25.8% in the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $12,427,000 after acquiring an additional 511,794 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of FIGS by 64.3% during the 4th quarter. SG Americas Securities LLC now owns 49,467 shares of the company’s stock worth $344,000 after purchasing an additional 19,353 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of FIGS by 4.6% during the third quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company’s stock worth $72,441,000 after purchasing an additional 538,251 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

About FIGS

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.