FIGS, Inc. (NYSE:FIGS) Receives $5.35 Consensus Target Price from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been given a consensus rating of “Reduce” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.35.

A number of equities research analysts recently weighed in on FIGS shares. The Goldman Sachs Group lowered their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Barclays dropped their target price 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. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of FIGS in a report on Wednesday, November 13th.

FIGS Stock Down 1.4 %

Shares of NYSE:FIGS opened at $5.59 on Tuesday. The company has a market capitalization of $949.24 million, a price-to-earnings ratio of 93.17, a price-to-earnings-growth ratio of 299.52 and a beta of 1.33. The company has a 50 day moving average of $5.69 and a two-hundred day moving average of $5.71. FIGS has a 52-week low of $4.30 and a 52-week high of $7.98.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rice Hall James & Associates LLC acquired a new stake in FIGS during the second quarter worth about $3,856,000. Applied Fundamental Research LLC grew its holdings 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 valued at $18,114,000 after purchasing an additional 152,900 shares during the last quarter. Resolute Capital Asset Partners LLC acquired a new stake in shares of FIGS during the 2nd quarter worth approximately $799,000. American Century Companies Inc. bought a new stake in shares of FIGS in the 2nd quarter worth approximately $554,000. Finally, Millennium Management LLC boosted its position in FIGS by 296.4% during the 2nd quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after purchasing an additional 466,252 shares during the period. Institutional investors and hedge funds 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.