Stock Traders Purchase High Volume of Call Options on FIGS (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS) saw unusually large options trading on Tuesday. Stock traders acquired 5,116 call options on the stock. This represents an increase of 577% compared to the average volume of 756 call options.

Wall Street Analyst Weigh In

Several research firms recently commented on FIGS. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Barclays cut their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their price objective on FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, FIGS currently has a consensus rating of “Hold” and an average target price of $5.40.

FIGS Price Performance

NYSE FIGS opened at $5.19 on Wednesday. The stock has a market capitalization of $881.31 million, a P/E ratio of 86.50, a P/E/G ratio of 259.68 and a beta of 1.33. The business has a 50 day simple moving average of $5.94 and a 200 day simple moving average of $5.70. FIGS has a one year low of $4.30 and a one year high of $7.98.

Institutional Trading of FIGS

Large investors have recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in FIGS by 3.4% during the third quarter. Franklin Resources Inc. now owns 1,120,304 shares of the company’s stock worth $7,461,000 after acquiring an additional 36,697 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of FIGS by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after purchasing an additional 109,979 shares in the last quarter. Barclays PLC boosted its position in shares of FIGS by 152.5% during the 3rd quarter. Barclays PLC now owns 286,974 shares of the company’s stock worth $1,963,000 after purchasing an additional 173,316 shares in the last quarter. State Street Corp grew its stake in shares of FIGS by 1.4% in the 3rd quarter. State Street Corp now owns 2,743,494 shares of the company’s stock valued at $18,765,000 after buying an additional 38,787 shares during the period. Finally, Bamco Inc. NY increased its position in FIGS by 12.5% in the 3rd quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock valued at $205,406,000 after buying an additional 3,342,755 shares in the last quarter. Institutional investors and hedge funds 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.