Shares of FIGS, Inc. (NYSE:FIGS – Get Rating) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.20.
A number of research firms have recently commented on FIGS. Cowen raised their price objective on FIGS from $6.00 to $11.00 and gave the stock a “market perform” rating in a report on Tuesday, January 31st. Telsey Advisory Group dropped their target price on FIGS from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Barclays downgraded FIGS from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 2nd. Roth Mkm initiated coverage on FIGS in a report on Wednesday, May 3rd. They set a “buy” rating and a $9.00 target price on the stock. Finally, Raymond James raised their target price on FIGS from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st.
FIGS Trading Down 2.7 %
Shares of NYSE:FIGS opened at $8.08 on Monday. The stock’s 50-day moving average price is $6.77 and its two-hundred day moving average price is $7.31. FIGS has a 12-month low of $5.55 and a 12-month high of $13.75. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 101.00, a PEG ratio of 13.66 and a beta of 1.49.
Insider Transactions at FIGS
In related news, CEO Catherine Eva Spear acquired 750,000 shares of FIGS stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average price of $6.32 per share, for a total transaction of $4,740,000.00. Following the transaction, the chief executive officer now directly owns 757,073 shares of the company’s stock, valued at approximately $4,784,701.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Catherine Eva Spear acquired 750,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 7th. The shares were acquired at an average price of $6.32 per share, with a total value of $4,740,000.00. Following the acquisition, the chief executive officer now directly owns 757,073 shares in the company, valued at $4,784,701.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather L. Hasson sold 34,448 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $7.83, for a total transaction of $269,727.84. Following the completion of the sale, the insider now directly owns 1,503,177 shares in the company, valued at approximately $11,769,875.91. The disclosure for this sale can be found here. Insiders own 21.58% of the company’s stock.
Hedge Funds Weigh In On FIGS
Institutional investors and hedge funds have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new position in shares of FIGS during the 3rd quarter valued at about $26,000. Banque Cantonale Vaudoise bought a new position in FIGS during the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC raised its position in FIGS by 376.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,325 shares of the company’s stock valued at $27,000 after acquiring an additional 3,417 shares in the last quarter. Belpointe Asset Management LLC bought a new position in FIGS during the fourth quarter valued at approximately $31,000. Finally, Rockefeller Capital Management L.P. bought a new position in FIGS during the fourth quarter valued at approximately $33,000.
FIGS Company Profile
FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets.
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