FIGS, Inc. (NYSE:FIGS) Given Consensus Recommendation of “Reduce” by Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned an average recommendation of “Reduce” from the six brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.35.

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

FIGS Stock Down 2.2 %

FIGS stock opened at $5.33 on Wednesday. FIGS has a 52 week low of $4.30 and a 52 week high of $7.05. The stock has a market capitalization of $905.09 million, a PE ratio of 88.83, a price-to-earnings-growth ratio of 32.70 and a beta of 1.22. The firm has a 50 day moving average of $5.78 and a 200 day moving average of $5.83.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. FIGS had a net margin of 1.97% and a return on equity of 2.76%. The firm had revenue of $140.21 million for the quarter, compared to analyst estimates of $144.11 million. During the same period in the previous year, the company earned $0.03 earnings per share. On average, equities research analysts expect that FIGS will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 22.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FIGS

Several large investors have recently made changes to their positions in FIGS. Sugar Maple Asset Management LLC purchased a new position in FIGS in the fourth quarter valued at $43,000. Blue Trust Inc. grew its position in shares of FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after acquiring an additional 6,099 shares during the period. Lane & Associates LLC purchased a new position in shares of FIGS in the 4th quarter valued at about $86,000. Creative Planning raised its holdings 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 during the period. Finally, GSA Capital Partners LLP purchased a new position in FIGS during the third quarter worth approximately $104,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.