FIGS, Inc. (NYSE:FIGS) Receives $5.35 Consensus Target Price from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been given an average recommendation of “Reduce” by the six analysts that are currently 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 objective among brokers that have updated their coverage on the stock in the last year is $5.35.

Several brokerages have recently weighed in on FIGS. Barclays cut 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 dropped their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Tuesday, December 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 price target on shares of FIGS in a report on Wednesday, November 13th.

FIGS Trading Down 3.2 %

NYSE FIGS opened at $5.93 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 98.75, a price-to-earnings-growth ratio of 35.88 and a beta of 1.24. The business’s 50-day moving average price is $5.54 and its 200 day moving average price is $5.84. FIGS has a twelve month low of $4.30 and a twelve month high of $7.05.

Insider Transactions at FIGS

In related news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the transaction, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 22.30% of the company’s stock.

Institutional Trading of FIGS

Large investors have recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC purchased a new stake in shares of FIGS in the fourth quarter worth about $43,000. JPMorgan Chase & Co. raised its holdings in shares of FIGS by 165.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after buying an additional 372,693 shares during the period. Franklin Resources Inc. lifted its position in FIGS by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,120,304 shares of the company’s stock worth $7,461,000 after acquiring an additional 36,697 shares in the last quarter. Geode Capital Management LLC boosted its holdings in FIGS by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after acquiring an additional 109,979 shares during the period. Finally, Barclays PLC grew its position in FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after acquiring an additional 173,316 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.