FIGS, Inc. (NYSE:FIGS) Given Consensus Rating of "Reduce" by Brokerages

FIGS, Inc. (NYSE:FIGS - Get Free Report) has been given an average rating of "Reduce" by the six brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $5.35.

FIGS has been the topic of several research reports. Barclays dropped their price target on shares of FIGS from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. Telsey Advisory Group restated a "market perform" rating and set a $7.00 price objective on shares of FIGS in a report on Friday, February 28th. Finally, The Goldman Sachs Group cut their price objective on FIGS from $5.00 to $4.50 and set a "sell" rating on the stock in a report on Tuesday, December 10th.

FIGS Trading Up 1.6 %

FIGS stock traded up $0.08 during trading on Friday, hitting $4.87. The company had a trading volume of 2,646,860 shares, compared to its average volume of 3,013,988. The business has a 50 day moving average of $5.66 and a 200 day moving average of $5.76. FIGS has a fifty-two week low of $4.30 and a fifty-two week high of $7.06. The firm has a market capitalization of $826.13 million, a price-to-earnings ratio of 81.08, a P/E/G ratio of 31.62 and a beta of 1.22.

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Insider Activity

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

Hedge Funds Weigh In On FIGS

A number of large investors have recently made changes to their positions in the business. Creative Planning increased 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 purchasing an additional 1,911 shares during the period. MetLife Investment Management LLC grew its stake in shares of FIGS by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 78,952 shares of the company's stock valued at $489,000 after buying an additional 2,355 shares in the last quarter. Malaga Cove Capital LLC grew its stake in shares of FIGS by 1.2% in the 4th quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company's stock valued at $1,341,000 after buying an additional 2,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of FIGS by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company's stock valued at $458,000 after buying an additional 2,807 shares in the last quarter. Finally, FMR LLC grew its stake in shares of FIGS by 0.3% in the 3rd quarter. FMR LLC now owns 1,155,092 shares of the company's stock valued at $7,901,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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.