FIGS, Inc. (NYSE:FIGS) Receives $5.40 Consensus PT from Brokerages

FIGS, Inc. (NYSE:FIGS) has been assigned an average rating of “Reduce” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. 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. The average 12-month target price among brokerages that have covered the stock in the last year is $5.40.

FIGS has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of FIGS in a report on Monday, August 5th.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 40,149 shares of FIGS stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the sale, the insider now directly owns 425,710 shares in the company, valued at approximately $2,426,547. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 43,586 shares of company stock valued at $249,902 in the last 90 days. Insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pullen Investment Management LLC bought a new position in FIGS in the third quarter worth about $525,000. International Assets Investment Management LLC grew its holdings 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 during the period. Creative Planning raised its position in shares of FIGS by 17.7% in 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. Quent Capital LLC lifted its stake in shares of FIGS by 49.8% in the 3rd quarter. Quent Capital LLC now owns 30,073 shares of the company’s stock valued at $204,000 after purchasing an additional 10,000 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of FIGS by 94.5% in the 3rd quarter. SG Americas Securities LLC now owns 57,779 shares of the company’s stock valued at $395,000 after purchasing an additional 28,067 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Price Performance

Shares of FIGS opened at $6.41 on Monday. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The stock has a 50 day simple moving average of $6.13 and a two-hundred day simple moving average of $5.66. The firm has a market cap of $1.10 billion, a P/E ratio of 64.10, a P/E/G ratio of 82.40 and a beta of 1.43.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share (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 in the prior year, the company earned $0.02 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that FIGS will post 0.03 earnings per share for the current year.

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.