FIGS Target of Unusually High Options Trading (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGSGet Free Report) was the target of unusually large options trading activity on Monday. Stock traders acquired 10,100 call options on the stock. This represents an increase of 956% compared to the typical daily volume of 956 call options.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group decreased their price objective on shares of FIGS from $6.75 to $4.85 and set a “sell” rating on the stock in a research report on Thursday, February 29th. Barclays cut their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Finally, Telsey Advisory Group cut shares of FIGS from an “outperform” rating to a “market perform” rating and cut their target price for the company from $11.00 to $6.00 in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, FIGS presently has a consensus rating of “Hold” and a consensus price target of $6.21.

Check Out Our Latest Report on FIGS

Insiders Place Their Bets

In other FIGS news, CFO Daniella Turenshine sold 15,762 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total value of $87,321.48. Following the transaction, the chief financial officer now directly owns 409,858 shares in the company, valued at $2,270,613.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Heather L. Hasson sold 27,547 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total transaction of $163,353.71. Following the sale, the insider now directly owns 499,308 shares in the company, valued at approximately $2,960,896.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniella Turenshine sold 15,762 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $5.54, for a total transaction of $87,321.48. Following the sale, the chief financial officer now owns 409,858 shares in the company, valued at $2,270,613.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,535 shares of company stock worth $311,528. Company insiders own 21.40% of the company’s stock.

Hedge Funds Weigh In On FIGS

A number of large investors have recently made changes to their positions in FIGS. Ameriprise Financial Inc. boosted its stake in shares of FIGS by 121.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,079,980 shares of the company’s stock worth $29,972,000 after purchasing an additional 2,782,340 shares during the period. Wellington Management Group LLP lifted its holdings in FIGS by 321.5% during the 4th quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after buying an additional 2,345,994 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in FIGS during the 4th quarter valued at about $12,152,000. Bamco Inc. NY lifted its holdings in FIGS by 6.2% during the 3rd quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock valued at $147,694,000 after buying an additional 1,470,706 shares in the last quarter. Finally, State Street Corp lifted its holdings in FIGS by 78.2% during the 2nd quarter. State Street Corp now owns 2,614,302 shares of the company’s stock valued at $23,816,000 after buying an additional 1,146,907 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

FIGS Stock Up 1.2 %

Shares of NYSE:FIGS opened at $4.81 on Wednesday. FIGS has a 52 week low of $4.73 and a 52 week high of $8.84. The stock has a market capitalization of $816.42 million, a P/E ratio of 43.69, a PEG ratio of 3.53 and a beta of 1.50. The firm has a fifty day simple moving average of $5.71 and a two-hundred day simple moving average of $6.17.

FIGS (NYSE:FIGSGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $149.09 million. During the same period last year, the company posted $0.05 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, analysts expect that FIGS will post 0.08 earnings per share for the current year.

FIGS Company Profile

(Get Free Report)

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.

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