FIGS, Inc. (NYSE:FIGS) Receives $5.35 Average PT from Brokerages

FIGS, Inc. (NYSE:FIGS) has earned a consensus rating of “Reduce” from the six research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $5.35.

A number of research analysts have recently commented on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research report on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Finally, Barclays reduced their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th.

FIGS Trading Up 0.2 %

FIGS stock opened at $5.99 on Friday. FIGS has a 1-year low of $4.30 and a 1-year high of $7.05. The company has a fifty day simple moving average of $5.55 and a 200 day simple moving average of $5.83. The company has a market cap of $1.02 billion, a P/E ratio of 99.83, a price-to-earnings-growth ratio of 290.40 and a beta of 1.24.

Insiders Place Their Bets

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the company’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 completion of the transaction, the insider now owns 354,221 shares of the company’s stock, valued at $2,111,157.16. This represents a 7.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 22.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIGS. Geode Capital Management LLC raised its stake in shares of FIGS by 3.8% during the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after acquiring an additional 109,979 shares during the last quarter. Barclays PLC increased its stake in shares of FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after buying an additional 173,316 shares during the period. Applied Fundamental Research LLC raised its position in shares of FIGS by 6.1% during the third quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after acquiring an additional 152,900 shares during the last quarter. Resolute Capital Asset Partners LLC acquired a new position in shares of FIGS in the second quarter worth approximately $799,000. Finally, American Century Companies Inc. acquired a new stake in FIGS during the 2nd quarter valued at approximately $554,000. 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.