FIGS, Inc. (NYSE:FIGS) Short Interest Up 20.2% in September

FIGS, Inc. (NYSE:FIGS) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 24,240,000 shares, an increase of 20.2% from the September 15th total of 20,160,000 shares. Currently, 19.0% of the company’s shares are sold short. Based on an average daily volume of 3,550,000 shares, the days-to-cover ratio is presently 6.8 days.

Insiders Place Their Bets

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

Institutional Investors Weigh In On FIGS

Several large investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of FIGS by 321.5% in the fourth quarter. Wellington Management Group LLP now owns 3,075,794 shares of the company’s stock worth $21,377,000 after acquiring an additional 2,345,994 shares in the last quarter. Vanguard Group Inc. raised its position in FIGS by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,390,645 shares of the company’s stock valued at $86,115,000 after buying an additional 112,575 shares during the period. Banque Cantonale Vaudoise raised its position in FIGS by 50.0% during the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after buying an additional 2,000 shares during the period. Sanders Morris Harris LLC acquired a new stake in FIGS during the 1st quarter worth about $674,000. Finally, Lineweaver Wealth Advisors LLC acquired a new stake in FIGS during the 1st quarter worth about $95,000. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on FIGS shares. The Goldman Sachs Group increased their target price on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of FIGS in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.40.

FIGS Trading Up 0.2 %

FIGS traded up $0.01 on Wednesday, reaching $6.60. The company had a trading volume of 553,006 shares, compared to its average volume of 3,596,222. The company has a market capitalization of $1.12 billion, a P/E ratio of 59.95, a PEG ratio of 83.73 and a beta of 1.43. The company has a fifty day moving average of $5.90 and a 200-day moving average of $5.55. FIGS has a one year low of $4.30 and a one year high of $7.98.

FIGS (NYSE:FIGS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $144.23 million for the quarter, compared to analysts’ expectations of $142.25 million. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.02 EPS. Research analysts predict 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.