FIGS (NYSE:FIGS) Price Target Cut to $5.00 by Analysts at Telsey Advisory Group

FIGS (NYSE:FIGS) had its price objective lowered by Telsey Advisory Group from $7.00 to $5.00 in a report published on Monday, MarketBeat reports. The brokerage currently has a market perform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group cut their price target on FIGS from $4.25 to $3.75 and set a “sell” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of FIGS from $4.75 to $4.25 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.75.

FIGS Stock Down 1.0 %

FIGS stock opened at $4.48 on Monday. FIGS has a 12 month low of $3.57 and a 12 month high of $7.06. The company’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $5.21. The stock has a market cap of $727.28 million, a P/E ratio of 74.58, a P/E/G ratio of 31.62 and a beta of 1.20.

Institutional Trading of FIGS

Several large investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in FIGS by 585.8% during the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock worth $30,000 after purchasing an additional 5,583 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of FIGS in the fourth quarter worth $43,000. Blue Trust Inc. boosted its holdings in shares of FIGS by 380.0% during the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock worth $51,000 after buying an additional 5,864 shares during the period. Stifel Financial Corp acquired a new position in FIGS in the 4th quarter valued at $70,000. Finally, Cibc World Markets Corp bought a new position in FIGS in the 4th quarter worth $75,000. Institutional investors own 92.21% of the company’s stock.

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.