Analysts Set FIGS, Inc. (NYSE:FIGS) Target Price at $5.35

FIGS, Inc. (NYSE:FIGS) has been assigned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.35.

Several brokerages have weighed in on FIGS. Barclays lowered their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group lowered their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 target price on shares of FIGS in a report on Friday, February 28th.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 22.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FIGS

Several large investors have recently bought and sold shares of FIGS. Ameriprise Financial Inc. increased its position in FIGS by 37.9% in the fourth quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock worth $75,445,000 after purchasing an additional 3,352,846 shares during the last quarter. Bamco Inc. NY increased its position in FIGS by 12.5% in the third quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock worth $205,406,000 after purchasing an additional 3,342,755 shares during the last quarter. Raymond James Financial Inc. bought a new stake in FIGS in the fourth quarter worth $12,152,000. Bank of New York Mellon Corp increased its position in FIGS by 83.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,315,163 shares of the company’s stock worth $14,331,000 after purchasing an additional 1,052,384 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in FIGS by 23.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock worth $26,931,000 after purchasing an additional 827,149 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

Shares of NYSE:FIGS opened at $4.83 on Friday. FIGS has a 1-year low of $4.30 and a 1-year high of $7.06. The company has a market capitalization of $819.33 million, a P/E ratio of 80.42, a P/E/G ratio of 31.62 and a beta of 1.26. The firm’s 50 day simple moving average is $5.61 and its two-hundred day simple moving average is $5.75.

About FIGS

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.