Brokerages Set FIGS, Inc. (NYSE:FIGS) PT at $5.38

Key Points

• FIGS, Inc. has received a consensus rating of "Hold" from five research firms, with one sell rating and one buy rating among analysts.
• The company recently reported a 5.8% year-over-year increase in revenue, achieving $152.64 million for the quarter and beating estimates.
• Insider trading activity revealed that CFO Sarah Oughtred sold nearly 100,000 shares of FIGS stock, resulting in a 10.21% decrease in her position in the company.

FIGS, Inc. (NYSE:FIGS - Get Free Report) has received a consensus recommendation of "Hold" from the five analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $5.3750.

Several research analysts have recently commented on FIGS shares. Morgan Stanley raised their target price on shares of FIGS from $4.25 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of FIGS in a research report on Friday. Barclays reaffirmed a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 price objective (up previously from $5.00) on shares of FIGS in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of FIGS from a "hold" rating to a "strong-buy" rating in a report on Saturday.

Insider Activity at FIGS

In other FIGS news, CFO Sarah Oughtred sold 99,834 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $6.19, for a total transaction of $617,972.46. Following the completion of the transaction, the chief financial officer owned 878,058 shares of the company's stock, valued at approximately $5,435,179.02. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 29.44% of the company's stock.

Hedge Funds Weigh In On FIGS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC raised its position in FIGS by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 78,952 shares of the company's stock worth $489,000 after buying an additional 2,355 shares during the last quarter. Malaga Cove Capital LLC boosted its position in shares of FIGS by 1.2% during the 4th quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company's stock valued at $1,341,000 after acquiring an additional 2,547 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FIGS by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company's stock valued at $458,000 after acquiring an additional 2,807 shares during the last quarter. Invesco Ltd. raised its stake in shares of FIGS by 2.7% in the fourth quarter. Invesco Ltd. now owns 145,734 shares of the company's stock valued at $902,000 after acquiring an additional 3,879 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of FIGS by 12,795.0% in the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company's stock valued at $29,000 after acquiring an additional 5,118 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Price Performance

Shares of NYSE FIGS traded up $0.34 during mid-day trading on Friday, hitting $6.61. The company's stock had a trading volume of 1,683,840 shares, compared to its average volume of 2,067,651. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 165.32 and a beta of 1.34. The company's fifty day simple moving average is $5.82 and its 200-day simple moving average is $5.08. FIGS has a one year low of $3.57 and a one year high of $7.05.

FIGS (NYSE:FIGS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. FIGS had a net margin of 1.26% and a return on equity of 1.85%. The business had revenue of $152.64 million during the quarter, compared to the consensus estimate of $144.17 million. During the same period last year, the business posted $0.01 EPS. FIGS's revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that FIGS will post 0.01 EPS for the current year.

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.