Evoke Wealth LLC Acquires 8,395 Shares of FIGS, Inc. (NYSE:FIGS)

Evoke Wealth LLC lifted its stake in FIGS, Inc. (NYSE:FIGSFree Report) by 77.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,191 shares of the company’s stock after buying an additional 8,395 shares during the period. Evoke Wealth LLC’s holdings in FIGS were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FIGS. Octavia Wealth Advisors LLC acquired a new stake in shares of FIGS during the 4th quarter worth $75,000. International Assets Investment Management LLC bought a new position in FIGS in the 4th quarter valued at about $76,000. Janney Montgomery Scott LLC acquired a new position in shares of FIGS in the 3rd quarter valued at approximately $78,000. Counterpoint Mutual Funds LLC bought a new stake in shares of FIGS during the 4th quarter worth approximately $90,000. Finally, Colonial River Wealth Management LLC bought a new stake in shares of FIGS during the 4th quarter worth approximately $106,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 28,614 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total transaction of $139,922.46. Following the completion of the transaction, the insider now directly owns 468,870 shares in the company, valued at $2,292,774.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.30% of the company’s stock.

FIGS Price Performance

Shares of NYSE FIGS opened at $5.19 on Tuesday. FIGS, Inc. has a 1 year low of $4.37 and a 1 year high of $8.84. The firm has a market cap of $883.49 million, a PE ratio of 47.19, a price-to-earnings-growth ratio of 70.67 and a beta of 1.42. The company has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $5.88.

FIGS (NYSE:FIGSGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The firm had revenue of $119.29 million during the quarter, compared to the consensus estimate of $117.38 million. During the same quarter last year, the firm earned $0.01 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts anticipate that FIGS, Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIGS. Telsey Advisory Group restated a “market perform” rating and set a $6.00 target price on shares of FIGS in a research note on Friday, May 10th. Roth Mkm lowered their target price on FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group reduced their price target on shares of FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research note on Tuesday, April 23rd. Bank of America reiterated an “underperform” rating and set a $4.50 price objective (down from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. Finally, Barclays cut their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, FIGS presently has an average rating of “Hold” and a consensus price target of $5.30.

Get Our Latest Analysis on FIGS

FIGS Profile

(Free Report)

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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Institutional Ownership by Quarter for FIGS (NYSE:FIGS)

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