FIGS, Inc. (NYSE:FIGS) Receives $5.40 Average Price Target from Brokerages

FIGS, Inc. (NYSE:FIGS) has earned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.40.

FIGS has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 price target on shares of FIGS in a report on Monday, August 5th. The Goldman Sachs Group upped their price target on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 40,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the transaction, the insider now directly owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 43,586 shares of company stock valued at $249,902 in the last ninety days. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

Hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise boosted its position in shares of FIGS by 50.0% during the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares in the last quarter. Dakota Wealth Management bought a new stake in FIGS in the second quarter worth $57,000. Verus Capital Partners LLC bought a new stake in FIGS in the second quarter worth $79,000. Janney Montgomery Scott LLC boosted its holdings in FIGS by 23.6% in the first 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 in the last quarter. Finally, Lineweaver Wealth Advisors LLC bought a new stake in FIGS in the first quarter worth $95,000. 92.21% of the stock is currently owned by institutional investors.

FIGS Trading Up 3.6 %

NYSE:FIGS opened at $6.70 on Thursday. The stock has a market capitalization of $1.14 billion, a PE ratio of 60.91, a price-to-earnings-growth ratio of 80.53 and a beta of 1.43. The firm’s 50 day moving average is $5.87 and its 200 day moving average is $5.47. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98.

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