FIGS, Inc. (NYSE:FIGS) Receives $5.35 Consensus PT from Analysts

FIGS, Inc. (NYSE:FIGS) has been assigned an average rating of “Reduce” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.35.

FIGS has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Barclays reduced their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th.

Insider Buying and Selling at FIGS

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 22.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FIGS

A number of institutional investors have recently made changes to their positions in FIGS. Sugar Maple Asset Management LLC purchased a new stake in FIGS during the 4th quarter worth about $43,000. JPMorgan Chase & Co. boosted its stake in shares of FIGS by 165.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock worth $4,091,000 after purchasing an additional 372,693 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of FIGS by 3.4% during the third quarter. Franklin Resources Inc. now owns 1,120,304 shares of the company’s stock worth $7,461,000 after buying an additional 36,697 shares in the last quarter. Geode Capital Management LLC raised its position in shares of FIGS by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after buying an additional 109,979 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of FIGS by 152.5% during 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. 92.21% of the stock is owned by institutional investors and hedge funds.

FIGS Stock Performance

NYSE:FIGS opened at $5.93 on Friday. FIGS has a 1 year low of $4.30 and a 1 year high of $7.05. The stock has a fifty day moving average price of $5.54 and a two-hundred day moving average price of $5.84. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 98.75, a PEG ratio of 35.88 and a beta of 1.24.

FIGS Company Profile

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.