Insider Selling: FIGS (NYSE:FIGS) Insider Sells $241,549.44 in Stock

FIGS, Inc. (NYSE:FIGS) insider Heather Hasson sold 22,874 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction of $241,549.44. Following the completion of the sale, the insider directly owned 1,251,967 shares of the company’s stock, valued at approximately $13,220,771.52. The trade was a 1.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

FIGS Stock Performance

NYSE:FIGS opened at $10.52 on Thursday. FIGS, Inc. has a 52 week low of $3.57 and a 52 week high of $12.50. The firm’s 50-day simple moving average is $11.49 and its 200 day simple moving average is $8.97. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 105.16 and a beta of 1.29.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of FIGS in a research report on Monday, December 29th. Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. The Goldman Sachs Group boosted their price target on FIGS from $5.50 to $7.50 and gave the company a “sell” rating in a research note on Friday, January 30th. Barclays upped their price objective on shares of FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Morgan Stanley raised their target price on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, FIGS has an average rating of “Hold” and a consensus price target of $10.10.

Institutional Investors Weigh In On FIGS

A number of hedge funds have recently made changes to their positions in FIGS. Elevated Capital Advisors LLC bought a new stake in shares of FIGS during the fourth quarter worth $45,000. Assetmark Inc. bought a new stake in FIGS during the 3rd quarter worth $35,000. Quarry LP increased its holdings in FIGS by 1,876.3% in the 3rd quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after purchasing an additional 7,449 shares in the last quarter. Capstone Financial Advisors Inc. bought a new position in FIGS in the second quarter valued at about $56,000. Finally, May Hill Capital LLC acquired a new stake in shares of FIGS during the fourth quarter valued at about $117,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

About FIGS

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.