FIGS’s (FIGS) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of FIGS (NYSE:FIGS) in a research note released on Thursday,Benzinga reports. They currently have a $7.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group lowered their target price on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Barclays lowered their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.35.

FIGS Price Performance

Shares of NYSE FIGS opened at $5.48 on Thursday. The business’s 50-day moving average price is $5.76 and its two-hundred day moving average price is $5.77. FIGS has a one year low of $4.30 and a one year high of $7.05. The company has a market capitalization of $929.71 million, a P/E ratio of 91.25, a price-to-earnings-growth ratio of 31.62 and a beta of 1.22.

Insiders Place Their Bets

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the sale, the insider now owns 354,221 shares of the company’s stock, valued at $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 22.30% of the company’s stock.

Institutional Trading of FIGS

A number of institutional investors and hedge funds have recently made changes to their positions in FIGS. Sugar Maple Asset Management LLC acquired a new position in shares of FIGS during the 4th quarter worth about $43,000. Blue Trust Inc. lifted its position in shares of FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after purchasing an additional 6,099 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of FIGS during the 4th quarter worth about $70,000. Cibc World Markets Corp acquired a new position in shares of FIGS during the 4th quarter worth about $75,000. Finally, Quantinno Capital Management LP acquired a new position in shares of FIGS during the 4th quarter worth about $82,000. 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.