FIGS’s (FIGS) Market Perform Rating Reiterated at Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reissued by equities researchers at Telsey Advisory Group in a research note issued on Thursday,Benzinga reports. They presently have a $7.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 27.85% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays cut their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. The Goldman Sachs Group cut their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, FIGS has an average rating of “Hold” and a consensus target price of $5.35.

FIGS Stock Up 3.9 %

FIGS stock opened at $5.48 on Thursday. The business has a 50 day moving average price of $5.76 and a two-hundred day moving average price of $5.77. The stock has a market cap of $929.71 million, a price-to-earnings ratio of 91.25, a price-to-earnings-growth ratio of 32.40 and a beta of 1.22. FIGS has a 12 month low of $4.30 and a 12 month high of $7.05.

Insider Transactions at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the transaction, the insider now directly owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FIGS

A number of large investors have recently bought and sold shares of FIGS. Creative Planning grew its position in FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the last quarter. International Assets Investment Management LLC grew its position in FIGS by 787.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after acquiring an additional 12,356 shares during the last quarter. Pullen Investment Management LLC bought a new stake in FIGS during the 3rd quarter worth approximately $525,000. Malaga Cove Capital LLC grew its position in FIGS by 18.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 214,122 shares of the company’s stock worth $1,465,000 after acquiring an additional 33,278 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in FIGS during the 3rd quarter worth approximately $104,000. 92.21% of the stock is currently owned by institutional investors.

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.