FIGS (NYSE:FIGS) Shares Down 3.3% – Should You Sell?

FIGS, Inc. (NYSE:FIGS) shares fell 3.3% during mid-day trading on Friday . The company traded as low as $5.86 and last traded at $5.92. 224,619 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,905,568 shares. The stock had previously closed at $6.12.

Analysts Set New Price Targets

FIGS has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Barclays dropped their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.35.

FIGS Trading Down 2.4 %

The company has a market capitalization of $1.01 billion, a P/E ratio of 99.58, a P/E/G ratio of 35.88 and a beta of 1.24. The firm has a fifty day moving average of $5.52 and a 200 day moving average of $5.84.

Insider Activity

In other news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the sale, the insider now directly owns 354,221 shares in the company, valued at $2,111,157.16. This represents a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 22.30% of the stock is owned by corporate insiders.

Institutional Trading of FIGS

Hedge funds have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC bought a new stake in shares of FIGS during the 4th quarter valued at $43,000. Creative Planning boosted its stake in shares of FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of FIGS during the third quarter worth about $104,000. Seven Eight Capital LP bought a new stake in FIGS during the 2nd quarter valued at approximately $144,000. Finally, Aigen Investment Management LP raised its stake in FIGS by 40.3% during the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after purchasing an additional 6,562 shares during the period. Institutional investors own 92.21% of the company’s stock.

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.