Brokerages Set FIGS, Inc. (NYSE:FIGS) Price Target at $5.40

FIGS, Inc. (NYSE:FIGS) has earned an average rating of “Reduce” from the six ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.40.

Several analysts have issued reports on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and issued a $6.00 price target on shares of FIGS in a research note on Monday, August 5th. The Goldman Sachs Group increased their price objective on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th.

FIGS Price Performance

Shares of FIGS stock opened at $6.26 on Monday. The company has a market capitalization of $1.07 billion, a P/E ratio of 62.60, a price-to-earnings-growth ratio of 85.47 and a beta of 1.43. The business has a 50-day moving average of $6.15 and a two-hundred day moving average of $5.67. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. The firm had revenue of $144.23 million for the quarter, compared to the consensus estimate of $142.25 million. FIGS had a net margin of 3.39% and a return on equity of 4.94%. During the same period last year, the company posted $0.02 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that FIGS will post 0.03 EPS for the current fiscal year.

Insider Activity

In related news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the sale, the insider now owns 425,710 shares in the company, valued at approximately $2,426,547. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 43,586 shares of company stock worth $249,902 in the last quarter. Corporate insiders own 22.30% of the company’s stock.

Institutional Trading of FIGS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of FIGS by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 12,390,645 shares of the company’s stock worth $86,115,000 after purchasing an additional 112,575 shares during the last quarter. Lineweaver Wealth Advisors LLC bought a new stake in FIGS in the first quarter valued at approximately $95,000. Applied Fundamental Research LLC lifted its position in shares of FIGS by 25.8% in the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $13,786,000 after buying an additional 511,794 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of FIGS by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after acquiring an additional 3,247 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of FIGS by 26.6% during the 1st quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock worth $3,817,000 after acquiring an additional 161,249 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

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.