FIGS, Inc. (NYSE:FIGS) Receives Consensus Rating of “Reduce” from Analysts

FIGS, Inc. (NYSE:FIGS) has received an average rating of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $5.40.

FIGS has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research note on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of FIGS in a research report on Monday, August 5th.

Insider Buying and Selling at FIGS

In related news, insider Heather L. Hasson sold 40,149 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $5.70, for a total transaction of $228,849.30. Following the completion of the transaction, the insider now directly owns 425,710 shares in the company, valued at approximately $2,426,547. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 43,586 shares of company stock valued at $249,902 in the last 90 days. 22.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Dakota Wealth Management acquired a new position in shares of FIGS during the 2nd quarter worth about $57,000. Verus Capital Partners LLC acquired a new position in shares of FIGS during the 2nd quarter worth approximately $79,000. Janney Montgomery Scott LLC boosted its holdings in shares of FIGS by 23.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock valued at $85,000 after buying an additional 3,247 shares during the last quarter. Creative Planning boosted its holdings in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after buying an additional 1,911 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC bought a new position in shares of FIGS in the first quarter valued at $95,000. Institutional investors own 92.21% of the company’s stock.

FIGS Stock Performance

FIGS opened at $6.25 on Monday. The company has a fifty day moving average price of $6.15 and a two-hundred day moving average price of $5.69. The firm has a market capitalization of $1.07 billion, a PE ratio of 62.50, a P/E/G ratio of 83.33 and a beta of 1.44. FIGS has a 52 week low of $4.30 and a 52 week high of $7.98.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The business had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that FIGS will post 0.03 EPS for the current year.

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.