Heather L. Hasson Sells 73,714 Shares of FIGS, Inc. (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 73,714 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $6.20, for a total value of $457,026.80. Following the sale, the insider now owns 1,217,895 shares in the company, valued at $7,550,949. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

FIGS Stock Down 3.0 %

FIGS stock opened at $5.57 on Friday. The company has a market cap of $937.54 million, a P/E ratio of 79.51, a price-to-earnings-growth ratio of 4.18 and a beta of 1.43. FIGS, Inc. has a twelve month low of $5.55 and a twelve month high of $12.87. The business’s fifty day moving average is $7.02 and its 200-day moving average is $7.24.

FIGS (NYSE:FIGS) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.02 EPS for the quarter. The business had revenue of $138.13 million for the quarter, compared to the consensus estimate of $133.07 million. FIGS had a return on equity of 6.17% and a net margin of 2.62%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. Research analysts anticipate that FIGS, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of FIGS

Several hedge funds have recently added to or reduced their stakes in FIGS. Banque Cantonale Vaudoise acquired a new stake in FIGS during the 4th quarter worth $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of FIGS by 376.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,325 shares of the company’s stock valued at $27,000 after purchasing an additional 3,417 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of FIGS in the 4th quarter valued at about $31,000. Rockefeller Capital Management L.P. acquired a new stake in shares of FIGS in the 4th quarter valued at about $33,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of FIGS in the 1st quarter valued at about $51,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

FIGS has been the topic of a number of research analyst reports. Raymond James lowered FIGS from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Telsey Advisory Group restated an “outperform” rating and set a $11.00 price target on shares of FIGS in a research report on Friday, August 4th. Finally, Barclays increased their price objective on FIGS from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, FIGS has a consensus rating of “Hold” and an average price target of $9.02.

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 scrubwaer and non-scrubwear offerings, such as lab coats, under scrubs, outerwear, loungewear, compression socks footwear, and other lifestyle apparel.