Analysts Set FIGS, Inc. (NYSE:FIGS) Price Target at $5.35

Shares of FIGS, Inc. (NYSE:FIGS) have received an average recommendation of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.35.

Several research analysts recently commented on FIGS shares. Telsey Advisory Group reissued a “market perform” rating and set a $7.00 target price on shares of FIGS in a research note on Wednesday, November 13th. 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 research report on Tuesday, November 12th. Finally, The Goldman Sachs Group dropped their price objective on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th.

Hedge Funds Weigh In On FIGS

A number of large investors have recently bought and sold shares of FIGS. SG Americas Securities LLC purchased a new stake in shares of FIGS during the 2nd quarter worth about $158,000. Dakota Wealth Management acquired a new stake in shares of FIGS in the second quarter worth $57,000. Intrinsic Value Partners LLC purchased a new position in shares of FIGS in the 2nd quarter valued at $357,000. Bank of New York Mellon Corp lifted its holdings in shares of FIGS by 16.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,307,304 shares of the company’s stock valued at $12,298,000 after acquiring an additional 322,358 shares in the last quarter. Finally, Verus Capital Partners LLC purchased a new stake in FIGS during the 2nd quarter worth $79,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Stock Performance

FIGS stock opened at $5.59 on Tuesday. The company has a market capitalization of $949.24 million, a PE ratio of 93.17, a price-to-earnings-growth ratio of 299.52 and a beta of 1.33. FIGS has a fifty-two week low of $4.30 and a fifty-two week high of $7.98. The firm has a 50 day moving average price of $5.69 and a 200 day moving average price of $5.71.

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.