The Goldman Sachs Group Issues Pessimistic Forecast for FIGS (NYSE:FIGS) Stock Price

FIGS (NYSE:FIGS - Free Report) had its target price reduced by The Goldman Sachs Group from $4.25 to $3.75 in a research report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other equities analysts have also weighed in on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 price objective on shares of FIGS in a research report on Friday, February 28th. Morgan Stanley lowered their target price on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, FIGS has a consensus rating of "Hold" and an average target price of $5.15.

FIGS Stock Down 3.3 %

Shares of FIGS traded down $0.14 during midday trading on Tuesday, reaching $3.98. 150,841 shares of the stock were exchanged, compared to its average volume of 2,906,057. The company has a market cap of $646.02 million, a price-to-earnings ratio of 66.25, a P/E/G ratio of 31.62 and a beta of 1.18. FIGS has a 12-month low of $3.57 and a 12-month high of $7.06. The firm has a 50 day simple moving average of $4.55 and a 200-day simple moving average of $5.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in FIGS in the 4th quarter valued at $12,152,000. Geode Capital Management LLC increased its holdings in FIGS by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company's stock valued at $20,369,000 after purchasing an additional 109,979 shares in the last quarter. Barclays PLC raised its holdings in shares of FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company's stock valued at $1,963,000 after buying an additional 173,316 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of FIGS in the fourth quarter worth about $749,000. Finally, Blue Trust Inc. lifted its holdings in FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company's stock worth $47,000 after buying an additional 6,099 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.