FIGS (NYSE:FIGS) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of FIGS (NYSE:FIGS) in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $7.00 price target on the stock.

FIGS has been the topic of several other research reports. The Goldman Sachs Group reduced their price target 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. Barclays reduced their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.35.

FIGS Stock Down 2.3 %

NYSE:FIGS opened at $5.28 on Thursday. The company has a market capitalization of $895.75 million, a PE ratio of 87.92, a price-to-earnings-growth ratio of 33.00 and a beta of 1.22. FIGS has a 52-week low of $4.30 and a 52-week high of $7.05. The stock has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $5.77.

Insider Transactions at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at $2,111,157.16. This trade represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 22.30% of the company’s stock.

Hedge Funds Weigh In On FIGS

Several large investors have recently added to or reduced their stakes in FIGS. Ameriprise Financial Inc. grew its holdings in FIGS by 37.9% in the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock valued at $75,445,000 after buying an additional 3,352,846 shares during the period. Bamco Inc. NY boosted its position in shares of 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 acquiring an additional 3,342,755 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in FIGS in the fourth quarter valued at approximately $12,152,000. Bank of New York Mellon Corp increased its position in FIGS by 83.3% during 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% during 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. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.