FIGS (NYSE:FIGS) Given New $4.25 Price Target at Morgan Stanley

FIGS (NYSE:FIGS) had its price objective reduced by Morgan Stanley from $4.75 to $4.25 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 7.46% from the company’s previous close.

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of FIGS in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.30.

FIGS Trading Down 3.1 %

FIGS stock opened at $3.96 on Thursday. The business’s 50 day simple moving average is $4.66 and its 200 day simple moving average is $5.41. FIGS has a 1-year low of $3.57 and a 1-year high of $7.06. The firm has a market capitalization of $642.77 million, a PE ratio of 65.92, a PEG ratio of 31.62 and a beta of 1.18.

Hedge Funds Weigh In On FIGS

A number of hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC increased its holdings in shares of FIGS by 3.1% during the fourth quarter. MetLife Investment Management LLC now owns 78,952 shares of the company’s stock worth $489,000 after purchasing an additional 2,355 shares during the period. Malaga Cove Capital LLC raised its holdings in FIGS by 1.2% in the 4th quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company’s stock valued at $1,341,000 after acquiring an additional 2,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of FIGS by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company’s stock valued at $458,000 after acquiring an additional 2,807 shares during the period. Invesco Ltd. grew its holdings in shares of FIGS by 2.7% during the 4th quarter. Invesco Ltd. now owns 145,734 shares of the company’s stock worth $902,000 after purchasing an additional 3,879 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of FIGS by 585.8% in the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after purchasing an additional 5,583 shares during the period. 92.21% of the stock is owned by institutional investors.

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.