Insider Selling: FIGS, Inc. (NYSE:FIGS) Insider Sells $160,055.80 in Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction that occurred on 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 $2,111,157.16. The trade was a 7.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

FIGS Price Performance

NYSE:FIGS opened at $6.01 on Friday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 100.17, a PEG ratio of 290.40 and a beta of 1.24. FIGS, Inc. has a 1-year low of $4.30 and a 1-year high of $7.05. The company’s fifty day moving average price is $5.55 and its 200-day moving average price is $5.81.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FIGS shares. Telsey Advisory Group restated a “market perform” rating and set a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. Barclays cut 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 note on Tuesday, November 12th. Finally, The Goldman Sachs Group cut their price objective on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.35.

Institutional Trading of FIGS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning increased its stake in shares of FIGS by 17.7% in the third 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 period. GSA Capital Partners LLP acquired a new stake in FIGS during the third quarter valued at $104,000. Seven Eight Capital LP acquired a new stake in FIGS during the second quarter valued at $144,000. Aigen Investment Management LP grew its position in FIGS by 40.3% during the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after buying an additional 6,562 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in FIGS during the third quarter valued at $163,000. 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.