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

FIGS, Inc. (NYSE:FIGS) has received an average recommendation of “Reduce” from the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.35.

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Barclays decreased their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th.

Institutional Trading of FIGS

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in FIGS in the 2nd quarter worth about $158,000. Dakota Wealth Management purchased a new stake in shares of FIGS during the second quarter worth approximately $57,000. Intrinsic Value Partners LLC acquired a new position in FIGS in the 2nd quarter valued at $357,000. Bank of New York Mellon Corp lifted its holdings in FIGS by 16.2% in 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 purchasing an additional 322,358 shares in the last quarter. Finally, Verus Capital Partners LLC acquired 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 Trading Up 3.0 %

Shares of FIGS stock opened at $5.92 on Tuesday. FIGS has a twelve month low of $4.30 and a twelve month high of $7.98. The stock has a market cap of $1.01 billion, a P/E ratio of 98.67, a P/E/G ratio of 299.52 and a beta of 1.33. The stock has a 50 day moving average of $5.67 and a 200 day moving average of $5.72.

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.