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

FIGS, Inc. (NYSE:FIGS) has earned a consensus rating of “Reduce” from the six brokerages that are covering the stock, MarketBeat reports. Two 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 1-year target price among brokers that have covered the stock in the last year is $5.40.

A number of equities analysts recently issued reports on the stock. Barclays dropped their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research report on Friday, August 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIGS. Creative Planning lifted its stake in FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of FIGS by 6.0% in the second quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock worth $270,000 after buying an additional 2,879 shares in the last quarter. FMR LLC lifted its position in shares of FIGS by 0.3% in the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock worth $7,901,000 after buying an additional 3,000 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in FIGS by 23.6% during the first quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after buying an additional 3,247 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in FIGS by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock valued at $316,000 after buying an additional 4,038 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Stock Performance

FIGS stock opened at $4.72 on Friday. The company has a market cap of $801.50 million, a price-to-earnings ratio of 78.67, a P/E/G ratio of 226.08 and a beta of 1.44. The business’s 50-day moving average is $6.01 and its two-hundred day moving average is $5.72. FIGS has a fifty-two week low of $4.30 and a fifty-two week high of $7.98.

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.