FIGS, Inc. (NYSE:FIGS) Given Average Rating of “Reduce” by Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have been assigned an average rating of “Reduce” from the six research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.40.

Several brokerages have recently issued reports on FIGS. Barclays lowered their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group upped their price objective on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th.

Hedge Funds Weigh In On FIGS

Several institutional investors and hedge funds have recently modified their holdings of FIGS. Geode Capital Management LLC grew its position in shares of FIGS by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock valued at $20,369,000 after purchasing an additional 109,979 shares during the last quarter. Barclays PLC boosted its stake in FIGS by 152.5% in the 3rd quarter. Barclays PLC now owns 286,974 shares of the company’s stock valued at $1,963,000 after purchasing an additional 173,316 shares during the period. State Street Corp grew its holdings in 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 in the last quarter. Bamco Inc. NY increased its position in FIGS by 12.5% during the 3rd quarter. Bamco Inc. NY now owns 30,030,078 shares of the company’s stock worth $205,406,000 after buying an additional 3,342,755 shares during the period. Finally, Paloma Partners Management Co bought a new position in FIGS during the 3rd quarter worth $163,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

FIGS Stock Up 0.9 %

FIGS opened at $4.71 on Friday. The stock has a market cap of $799.81 million, a P/E ratio of 78.50, a P/E/G ratio of 237.60 and a beta of 1.44. FIGS has a 12 month low of $4.30 and a 12 month high of $7.98. The company has a fifty day simple moving average of $6.02 and a 200 day simple moving average of $5.71.

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.