FIGS (NYSE:FIGS) Trading 4.8% Higher

FIGS, Inc. (NYSE:FIGS)’s share price was up 4.8% on Monday . The stock traded as high as $5.93 and last traded at $5.92. Approximately 1,664,491 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 3,715,075 shares. The stock had previously closed at $5.65.

Analyst Ratings Changes

Several analysts recently weighed in on FIGS shares. The Goldman Sachs Group lifted their target price on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 target price on shares of FIGS in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.40.

FIGS Stock Performance

The company has a market cap of $1.03 billion, a PE ratio of 51.36, a PEG ratio of 71.07 and a beta of 1.42. The company’s 50-day simple moving average is $5.81 and its 200 day simple moving average is $5.38.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a net margin of 3.39% and a return on equity of 4.94%. The company had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same quarter last year, the company posted $0.02 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts forecast that FIGS, Inc. will post 0.03 EPS for the current year.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total value of $228,849.30. Following the completion of the transaction, the insider now owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 44,591 shares of company stock valued at $255,460 in the last 90 days. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

Several institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in shares of FIGS during the 2nd quarter worth $458,000. Algert Global LLC lifted its position in shares of FIGS by 175.4% during the 2nd quarter. Algert Global LLC now owns 638,306 shares of the company’s stock worth $3,402,000 after purchasing an additional 406,556 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of FIGS by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock worth $270,000 after purchasing an additional 2,879 shares during the last quarter. Millennium Management LLC lifted its position in shares of FIGS by 296.4% during the 2nd quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock worth $3,323,000 after purchasing an additional 466,252 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of FIGS by 114.3% during the 2nd quarter. AQR Capital Management LLC now owns 50,805 shares of the company’s stock worth $271,000 after purchasing an additional 27,098 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.