FIGS, Inc. (NYSE:FIGS) Given Average Recommendation of “Reduce” by Analysts

FIGS, Inc. (NYSE:FIGS) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.35.

FIGS has been the subject of several analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research note on Friday, February 28th. Barclays lowered their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group lowered their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction that occurred on Monday, January 6th. The shares were 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 in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FIGS. Sugar Maple Asset Management LLC purchased a new position in FIGS in the 4th quarter valued at approximately $43,000. Blue Trust Inc. grew its stake in FIGS by 395.3% in the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after buying an additional 6,099 shares in the last quarter. Stifel Financial Corp purchased a new position in FIGS in the 4th quarter valued at approximately $70,000. Cibc World Markets Corp purchased a new position in FIGS in the 4th quarter valued at approximately $75,000. Finally, Quantinno Capital Management LP purchased a new position in FIGS in the 4th quarter valued at approximately $82,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

FIGS Stock Performance

NYSE:FIGS opened at $4.88 on Friday. The firm has a market cap of $827.82 million, a price-to-earnings ratio of 81.25, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26. FIGS has a 52 week low of $4.30 and a 52 week high of $7.06. The firm has a 50-day moving average price of $5.64 and a two-hundred day moving average price of $5.76.

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.