FIGS, Inc. (NYSE:FIGS) Given Average Rating of “Reduce” by Analysts

FIGS, Inc. (NYSE:FIGSGet Free Report) has been given an average rating of “Reduce” by the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.30.

A number of equities analysts have recently commented on the stock. Oppenheimer downgraded shares of FIGS from an “outperform” rating to a “market perform” rating in a research note on Friday, March 8th. Roth Mkm dropped their target price on shares of FIGS from $7.50 to $6.75 and set a “buy” rating on the stock in a report on Friday, May 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $6.00 target price on shares of FIGS in a report on Friday, May 10th. Barclays dropped their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. Finally, Bank of America reaffirmed an “underperform” rating and issued a $4.50 target price (down from $8.50) on shares of FIGS in a report on Tuesday, April 2nd.

Get Our Latest Stock Analysis on FIGS

FIGS Trading Down 0.9 %

Shares of NYSE FIGS opened at $5.19 on Friday. The firm has a market cap of $882.64 million, a PE ratio of 47.14, a PEG ratio of 70.67 and a beta of 1.41. FIGS has a 1-year low of $4.37 and a 1-year high of $8.84. The company has a fifty day moving average price of $5.10 and a 200 day moving average price of $5.90.

FIGS (NYSE:FIGSGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The company had revenue of $119.29 million during the quarter, compared to the consensus estimate of $117.38 million. During the same period in the prior year, the business posted $0.01 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts forecast that FIGS will post 0.03 EPS for the current year.

Insider Transactions at FIGS

In other news, insider Heather L. Hasson sold 28,614 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total transaction of $139,922.46. Following the transaction, the insider now directly owns 468,870 shares of the company’s stock, valued at $2,292,774.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 transaction of $87,321.48. Following the sale, the chief financial officer now owns 409,858 shares in the company, valued at approximately $2,270,613.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather L. Hasson sold 28,614 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total transaction of $139,922.46. Following the sale, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,200 shares of company stock valued at $237,349. 22.30% of the stock is currently owned by company insiders.

Institutional Trading of FIGS

A number of hedge funds have recently added to or reduced their stakes in the stock. Bamco Inc. NY boosted its position in FIGS by 2.0% in the first quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after buying an additional 516,496 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of FIGS by 1.7% during the first quarter. Vanguard Group Inc. now owns 12,597,318 shares of the company’s stock valued at $62,735,000 after acquiring an additional 206,673 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of FIGS by 321.5% during the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock valued at $21,377,000 after acquiring an additional 2,345,994 shares during the last quarter. Applied Fundamental Research LLC raised its stake in shares of FIGS by 25.8% during the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock valued at $13,786,000 after acquiring an additional 511,794 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in shares of FIGS during the fourth quarter valued at $12,152,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

About FIGS

(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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