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

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned an average rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two equities 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 1-year price target among analysts that have covered the stock in the last year is $5.40.

A number of research analysts have commented on FIGS shares. The Goldman Sachs Group upped their price target on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of FIGS in a report on Monday, August 5th.

Insider Activity

In other FIGS news, insider Heather L. Hasson sold 40,149 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total value of $228,849.30. Following the completion of the transaction, the insider now owns 425,710 shares in the company, valued at $2,426,547. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 44,591 shares of company stock worth $255,460 in the last quarter. 22.30% of the stock is owned by company insiders.

Institutional Trading of FIGS

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC purchased a new position in shares of FIGS in the 4th quarter worth about $371,000. Charles Schwab Investment Management Inc. raised its position in FIGS by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 972,788 shares of the company’s stock worth $6,761,000 after buying an additional 18,056 shares during the last quarter. Versor Investments LP lifted its stake in FIGS by 23.5% during the 4th quarter. Versor Investments LP now owns 62,000 shares of the company’s stock valued at $431,000 after acquiring an additional 11,800 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of FIGS by 38.8% during the 4th quarter. Principal Financial Group Inc. now owns 125,647 shares of the company’s stock valued at $873,000 after acquiring an additional 35,102 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in shares of FIGS by 18.1% in the fourth quarter. Trexquant Investment LP now owns 303,159 shares of the company’s stock worth $2,107,000 after acquiring an additional 46,541 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Stock Performance

NYSE:FIGS opened at $5.18 on Friday. FIGS has a fifty-two week low of $4.30 and a fifty-two week high of $7.98. The business has a 50 day moving average price of $5.79 and a 200-day moving average price of $5.38. The firm has a market cap of $881.78 million, a PE ratio of 47.09, a price-to-earnings-growth ratio of 76.93 and a beta of 1.42.

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

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.