FIGS (NYSE:FIGS) Shares Gap Down – Time to Sell?

FIGS, Inc. (NYSE:FIGS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.84, but opened at $4.71. FIGS shares last traded at $4.69, with a volume of 159,056 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research note on Friday, February 28th. 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.35.

FIGS Stock Up 3.6 %

The company’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.64. The stock has a market cap of $787.90 million, a price-to-earnings ratio of 80.80, a PEG ratio of 31.62 and a beta of 1.26.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. This trade represents a 7.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIGS. Pullen Investment Management LLC lifted its position in FIGS by 46.1% in the fourth quarter. Pullen Investment Management LLC now owns 112,236 shares of the company’s stock valued at $695,000 after acquiring an additional 35,434 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of FIGS by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,344 shares of the company’s stock valued at $1,587,000 after purchasing an additional 39,462 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of FIGS in the 4th quarter valued at about $888,000. Two Sigma Investments LP grew its stake in FIGS by 151.9% during the 4th quarter. Two Sigma Investments LP now owns 433,432 shares of the company’s stock worth $2,683,000 after buying an additional 261,367 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in FIGS by 17.7% during the fourth quarter. ProShare Advisors LLC now owns 748,960 shares of the company’s stock worth $4,636,000 after buying an additional 112,722 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.