FIGS, Inc. (NYSE:FIGS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of FIGS, Inc. (NYSE:FIGS – Get Rating) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.20.

A number of research firms have recently commented on FIGS. Cowen raised their price objective on FIGS from $6.00 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday, January 31st. Telsey Advisory Group dropped their target price on FIGS from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Barclays downgraded FIGS from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 2nd. Roth Mkm initiated coverage on FIGS in a report on Wednesday, May 3rd. They set a “buy” rating and a $9.00 target price on the stock. Finally, Raymond James raised their target price on FIGS from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st.

FIGS Trading Down 2.7 %

Shares of NYSE:FIGS opened at $8.08 on Monday. The stock’s 50-day moving average price is $6.77 and its two-hundred day moving average price is $7.31. FIGS has a 12-month low of $5.55 and a 12-month high of $13.75. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 101.00, a PEG ratio of 13.66 and a beta of 1.49.

FIGS (NYSE:FIGS – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $120.23 million for the quarter, compared to the consensus estimate of $112.65 million. FIGS had a return on equity of 7.06% and a net margin of 2.75%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.05 EPS. As a group, research analysts forecast that FIGS will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at FIGS

In related news, CEO Catherine Eva Spear acquired 750,000 shares of FIGS stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average price of $6.32 per share, for a total transaction of $4,740,000.00. Following the transaction, the chief executive officer now directly owns 757,073 shares of the company’s stock, valued at approximately $4,784,701.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Catherine Eva Spear acquired 750,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were acquired at an average price of $6.32 per share, with a total value of $4,740,000.00. Following the acquisition, the chief executive officer now directly owns 757,073 shares in the company, valued at $4,784,701.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather L. Hasson sold 34,448 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $7.83, for a total transaction of $269,727.84. Following the completion of the sale, the insider now directly owns 1,503,177 shares in the company, valued at approximately $11,769,875.91. The disclosure for this sale can be found here. Insiders own 21.58% of the company’s stock.

Hedge Funds Weigh In On FIGS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new position in shares of FIGS during the 3rd quarter valued at about $26,000. Banque Cantonale Vaudoise bought a new position in FIGS during the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC raised its position in FIGS by 376.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,325 shares of the company’s stock valued at $27,000 after acquiring an additional 3,417 shares in the last quarter. Belpointe Asset Management LLC bought a new position in FIGS during the fourth quarter valued at approximately $31,000. Finally, Rockefeller Capital Management L.P. bought a new position in FIGS during the fourth quarter valued at approximately $33,000.

FIGS Company Profile

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FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets.