Insider Selling: FIGS (NYSE:FIGS) CFO Sells $73,364.48 in Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 9,968 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $7.36, for a total value of $73,364.48. Following the completion of the transaction, the chief financial officer directly owned 868,090 shares in the company, valued at approximately $6,389,142.40. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sarah Oughtred also recently made the following trade(s):

• On Monday, August 4th, Sarah Oughtred sold 99,834 shares of FIGS stock. The shares were sold at an average price of $6.19, for a total value of $617,972.46.

FIGS Price Performance

NYSE FIGS opened at $6.90 on Thursday. The stock’s fifty day moving average price is $6.86 and its 200 day moving average price is $5.61. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $7.54. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 172.54, a PEG ratio of 4.50 and a beta of 1.33.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. FIGS had a return on equity of 1.84% and a net margin of 1.26%.The firm had revenue of $152.64 million for the quarter, compared to the consensus estimate of $144.17 million. During the same period in the prior year, the firm earned $0.01 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. Research analysts expect that FIGS, Inc. will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On FIGS

Hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in shares of FIGS by 12,795.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company’s stock worth $29,000 after acquiring an additional 5,118 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of FIGS by 585.8% during the 1st quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after acquiring an additional 5,583 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new stake in shares of FIGS during the 2nd quarter worth about $56,000. Hudson Bay Capital Management LP purchased a new stake in shares of FIGS during the 2nd quarter worth about $61,000. Finally, Walleye Capital LLC purchased a new stake in shares of FIGS during the 2nd quarter worth about $65,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on FIGS. The Goldman Sachs Group upped their price target on shares of FIGS from $3.75 to $4.50 and gave the company a “sell” rating in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price target (up from $5.00) on shares of FIGS in a report on Monday, August 4th. Wall Street Zen lowered shares of FIGS from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of FIGS in a report on Wednesday. Finally, Morgan Stanley upped their price target on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $5.38.

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.