FIGS, Inc. (NYSE:FIGS) Receives Consensus Rating of “Reduce” from Analysts

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned an average recommendation of “Reduce” from the six research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.40.

A number of analysts have weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 target price on shares of FIGS in a research note on Monday, August 5th. The Goldman Sachs Group increased their price objective on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 40,149 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 43,586 shares of company stock worth $249,902. 22.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FIGS

Several institutional investors and hedge funds have recently made changes to their positions in FIGS. Squarepoint Ops LLC grew its stake in FIGS by 318.1% in the second quarter. Squarepoint Ops LLC now owns 1,516,131 shares of the company’s stock valued at $8,081,000 after acquiring an additional 1,153,481 shares during the period. Rice Hall James & Associates LLC acquired a new stake in FIGS in the 2nd quarter valued at $3,856,000. Bamco Inc. NY increased its stake in FIGS by 2.0% during the 1st quarter. Bamco Inc. NY now owns 25,731,980 shares of the company’s stock valued at $128,145,000 after purchasing an additional 516,496 shares in the last quarter. Applied Fundamental Research LLC raised its holdings in FIGS by 25.8% during the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company’s stock worth $12,427,000 after buying an additional 511,794 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in FIGS by 296.4% during the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock worth $3,323,000 after buying an additional 466,252 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

Shares of NYSE:FIGS opened at $6.26 on Monday. The company’s 50 day simple moving average is $6.15 and its 200 day simple moving average is $5.67. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 62.60, a price-to-earnings-growth ratio of 85.47 and a beta of 1.43.

FIGS (NYSE:FIGS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a return on equity of 4.94% and a net margin of 3.39%. The company had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same quarter in the previous year, the firm earned $0.02 EPS. FIGS’s revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that FIGS will post 0.03 EPS for the current fiscal year.

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.