Heather L. Hasson Sells 28,614 Shares of FIGS, Inc. (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 28,614 shares of FIGS stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total value of $139,922.46. Following the completion of the transaction, the insider now owns 468,870 shares of the company’s stock, valued at $2,292,774.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

FIGS Stock Up 9.1 %

FIGS stock traded up $0.47 during midday trading on Thursday, reaching $5.62. The company had a trading volume of 7,256,783 shares, compared to its average volume of 3,753,044. The stock has a 50 day moving average price of $5.01 and a 200 day moving average price of $5.95. FIGS, Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $8.84. The firm has a market capitalization of $954.89 million, a PE ratio of 49.82, a P/E/G ratio of 19.95 and a beta of 1.41.

FIGS (NYSE:FIGS) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The company had revenue of $144.90 million for the quarter, compared to analysts’ expectations of $149.09 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Research analysts predict that FIGS, Inc. will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its stake in shares of FIGS by 26.6% during the first quarter. ProShare Advisors LLC now owns 766,465 shares of the company’s stock valued at $3,817,000 after purchasing an additional 161,249 shares in the last quarter. Applied Fundamental Research LLC raised its position in shares of FIGS by 25.8% during the 1st quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock worth $12,427,000 after buying an additional 511,794 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of FIGS by 23.6% in 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. Lineweaver Wealth Advisors LLC bought a new position in shares of FIGS in the first quarter valued at approximately $95,000. Finally, Hedges Asset Management LLC acquired a new position in shares of FIGS during the first quarter valued at approximately $359,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

FIGS has been the subject of a number of research reports. The Goldman Sachs Group decreased their price target on FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. Barclays decreased their price target on FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $6.00 price target on shares of FIGS in a research note on Friday, May 3rd. Oppenheimer downgraded FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Finally, Bank of America restated an “underperform” rating and issued a $4.50 target price (down from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, FIGS presently has a consensus rating of “Hold” and a consensus price target of $4.94.

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.