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 stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction 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. This represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

FIGS Price Performance

FIGS stock traded up $0.13 during midday trading on Wednesday, reaching $6.07. The company had a trading volume of 3,024,901 shares, compared to its average volume of 2,070,100. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 101.17, a price-to-earnings-growth ratio of 290.40 and a beta of 1.33. FIGS, Inc. has a 1-year low of $4.30 and a 1-year high of $7.05. The stock has a 50 day moving average price of $5.56 and a 200-day moving average price of $5.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FIGS shares. The Goldman Sachs Group lowered their target price on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. 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 research report on Tuesday, November 12th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FIGS presently has an average rating of “Hold” and a consensus price target of $5.35.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently modified their holdings of FIGS. Bamco Inc. NY lifted its holdings in shares of FIGS by 12.5% in the third quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock worth $205,406,000 after acquiring an additional 3,342,755 shares during the last quarter. Squarepoint Ops LLC increased its position in FIGS by 318.1% during the 2nd quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock worth $8,081,000 after purchasing an additional 1,153,481 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in FIGS in the 2nd quarter valued at approximately $3,856,000. Millennium Management LLC boosted its position in FIGS by 296.4% in the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after buying an additional 466,252 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of FIGS by 175.4% during the second quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after buying an additional 406,556 shares during 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.