FIGS (NYSE:FIGS) Stock Price Up 9.6% – Still a Buy?

Shares of FIGS, Inc. (NYSE:FIGS) rose 9.6% during trading on Monday . The stock traded as high as $4.69 and last traded at $4.75. Approximately 1,739,424 shares were traded during trading, a decline of 17% from the average daily volume of 2,090,587 shares. The stock had previously closed at $4.33.

Analysts Set New Price Targets

FIGS has been the topic of a number of analyst reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research report on Friday, February 28th. The Goldman Sachs Group reduced their price target on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, FIGS presently has a consensus rating of “Hold” and a consensus price target of $5.35.

FIGS Price Performance

The company has a 50 day moving average price of $5.27 and a 200-day moving average price of $5.64. The stock has a market capitalization of $787.90 million, a PE ratio of 80.80, a PEG ratio of 31.62 and a beta of 1.26.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIGS. Sugar Maple Asset Management LLC bought a new position in shares of FIGS during the 4th quarter valued at approximately $43,000. Blue Trust Inc. raised its holdings in shares of FIGS by 395.3% in the fourth 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 in the last quarter. Stifel Financial Corp bought a new position in FIGS in the fourth quarter worth approximately $70,000. Cibc World Markets Corp purchased a new stake in shares of FIGS during the fourth quarter valued at about $75,000. Finally, Quantinno Capital Management LP purchased a new position in shares of FIGS in the 4th quarter worth approximately $82,000. 92.21% of the stock is currently owned by institutional investors.

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.