FIGS, Inc. (NYSE:FIGS) Given Average Recommendation of “Hold” by Analysts

FIGS, Inc. (NYSE:FIGS) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.10.

FIGS has been the subject of a number of research analyst reports. Barclays lifted their price target on shares of FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of FIGS in a report on Monday, December 29th. Wolfe Research raised shares of FIGS to a “buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group boosted their target price on shares of FIGS from $5.50 to $7.50 and gave the company a “sell” rating in a research note on Friday, January 30th. Finally, Morgan Stanley raised their price target on FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th.

Insiders Place Their Bets

In other FIGS news, insider Heather L. Hasson sold 22,874 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was 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 in the company, valued at $13,220,771.52. The trade was a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Sarah Oughtred sold 22,690 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $239,606.40. Following the completion of the transaction, the chief financial officer owned 821,500 shares in the company, valued at $8,675,040. This trade represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 105,813 shares of company stock valued at $1,168,051. Insiders own 29.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. FourThought Financial Partners LLC grew its position in shares of FIGS by 3.6% during the 4th quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock valued at $373,000 after acquiring an additional 1,138 shares during the period. GSA Capital Partners LLP lifted its position in FIGS by 4.2% during the third quarter. GSA Capital Partners LLP now owns 52,045 shares of the company’s stock valued at $348,000 after purchasing an additional 2,083 shares in the last quarter. Corient Private Wealth LLC grew its holdings in FIGS by 0.8% during the second quarter. Corient Private Wealth LLC now owns 332,938 shares of the company’s stock valued at $1,878,000 after purchasing an additional 2,612 shares during the period. Creative Planning grew its holdings in FIGS by 4.9% during the third quarter. Creative Planning now owns 68,932 shares of the company’s stock valued at $461,000 after purchasing an additional 3,192 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FIGS by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company’s stock worth $354,000 after buying an additional 3,276 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

FIGS Price Performance

FIGS stock opened at $10.98 on Wednesday. FIGS has a one year low of $3.57 and a one year high of $12.50. The business’s fifty day moving average is $11.32 and its 200 day moving average is $9.25. The stock has a market capitalization of $1.81 billion, a PE ratio of 109.83 and a beta of 1.29.

FIGS Company Profile

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.