FIGS, Inc. (NYSE:FIGS - Get Free Report) shares traded down 8.8% during mid-day trading on Friday . The stock traded as low as $5.04 and last traded at $5.09. 378,186 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,801,332 shares. The stock had previously closed at $5.58.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. The Goldman Sachs Group cut 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 dropped their target price 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. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 price objective on shares of FIGS in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.35.
Read Our Latest Analysis on FIGS
FIGS Stock Performance
The stock's fifty day moving average is $5.67 and its two-hundred day moving average is $5.77. The firm has a market cap of $817.64 million, a price-to-earnings ratio of 80.25, a PEG ratio of 31.62 and a beta of 1.22.
Insider Buying and Selling at FIGS
In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the transaction, the insider now owns 354,221 shares of the company's stock, valued at approximately $2,111,157.16. This trade represents a 7.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On FIGS
Several hedge funds have recently made changes to their positions in FIGS. Creative Planning grew its stake in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company's stock worth $87,000 after purchasing an additional 1,911 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of FIGS by 787.0% in the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company's stock worth $950,000 after purchasing an additional 12,356 shares during the last quarter. Malaga Cove Capital LLC grew its stake in shares of FIGS by 18.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 214,122 shares of the company's stock worth $1,465,000 after purchasing an additional 33,278 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of FIGS in the 3rd quarter worth approximately $104,000. Finally, Aigen Investment Management LP grew its stake in shares of FIGS by 40.3% in the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company's stock worth $156,000 after purchasing an additional 6,562 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
FIGS Company Profile
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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.
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