The Goldman Sachs Group Lowers FIGS (NYSE:FIGS) Price Target to $4.50

FIGS (NYSE:FIGS) had its price target cut by The Goldman Sachs Group from $5.00 to $4.50 in a report issued on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

Several other analysts have also weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Barclays cut their price objective on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, FIGS currently has an average rating of “Hold” and an average target price of $5.35.

FIGS Stock Performance

Shares of FIGS stock opened at $6.00 on Tuesday. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The stock has a fifty day moving average of $5.75 and a two-hundred day moving average of $5.69. The firm has a market capitalization of $1.02 billion, a PE ratio of 100.00, a price-to-earnings-growth ratio of 244.32 and a beta of 1.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Dakota Wealth Management acquired a new position in FIGS during the second quarter valued at $57,000. Creative Planning raised its position in FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after buying an additional 1,911 shares during the period. International Assets Investment Management LLC raised its position in FIGS by 787.0% during the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock valued at $950,000 after buying an additional 12,356 shares during the period. Verus Capital Partners LLC acquired a new position in FIGS in the 2nd quarter worth about $79,000. Finally, GSA Capital Partners LLP acquired a new position in FIGS in the 3rd quarter worth about $104,000. 92.21% of the stock is owned by institutional investors and hedge funds.

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.