Telsey Advisory Group Reaffirms Market Perform Rating for FIGS (NYSE:FIGS)

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $7.00 target price on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 27.85% from the stock’s previous close.

FIGS has been the topic of several other reports. The Goldman Sachs Group dropped their price target on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.35.

FIGS Trading Up 3.9 %

NYSE:FIGS opened at $5.48 on Thursday. The firm has a market capitalization of $929.71 million, a price-to-earnings ratio of 91.25, a PEG ratio of 32.40 and a beta of 1.22. FIGS has a 1-year low of $4.30 and a 1-year high of $7.05. The business’s fifty day moving average price is $5.76 and its 200 day moving average price is $5.77.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the transaction, the insider now owns 354,221 shares in the company, valued at $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 22.30% of the company’s stock.

Institutional Trading of FIGS

Several large investors have recently made changes to their positions in FIGS. Creative Planning boosted its stake in shares of FIGS by 17.7% during the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of FIGS by 787.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after acquiring an additional 12,356 shares in the last quarter. Pullen Investment Management LLC bought a new stake in shares of FIGS during the 3rd quarter worth about $525,000. Malaga Cove Capital LLC boosted its stake in shares of FIGS by 18.4% during the 3rd quarter. Malaga Cove Capital LLC now owns 214,122 shares of the company’s stock worth $1,465,000 after acquiring an additional 33,278 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of FIGS during the 3rd quarter worth about $104,000. Institutional investors own 92.21% of the company’s stock.

About FIGS

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.