FIGS (NYSE:FIGS) Given “Market Perform” Rating at Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating restated by equities researchers at Telsey Advisory Group in a report released on Friday,Benzinga reports. They currently have a $7.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 25.54% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Barclays dropped their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, FIGS presently has a consensus rating of “Hold” and a consensus target price of $5.35.

FIGS Stock Down 2.2 %

Shares of FIGS opened at $5.58 on Friday. The business has a fifty day moving average of $5.74 and a 200 day moving average of $5.77. The company has a market cap of $946.86 million, a PE ratio of 92.93, a P/E/G ratio of 31.62 and a beta of 1.22. FIGS has a 52-week low of $4.30 and a 52-week high of $7.05.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was 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. This trade represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIGS. Creative Planning raised its holdings in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after purchasing an additional 1,911 shares in the last quarter. MetLife Investment Management LLC raised its stake in FIGS by 3.1% in the fourth quarter. MetLife Investment Management LLC now owns 78,952 shares of the company’s stock worth $489,000 after buying an additional 2,355 shares in the last quarter. Malaga Cove Capital LLC raised its stake in FIGS by 1.2% in the fourth quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company’s stock worth $1,341,000 after buying an additional 2,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in FIGS by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company’s stock worth $458,000 after buying an additional 2,807 shares during the period. Finally, FMR LLC boosted its position in FIGS by 0.3% during the 3rd quarter. FMR LLC now owns 1,155,092 shares of the company’s stock valued at $7,901,000 after acquiring an additional 3,000 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

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.