FIGS, Inc. (NYSE:FIGS) Receives Average Recommendation of "Hold" from Analysts

FIGS, Inc. (NYSE:FIGS - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are presently covering the company, MarketBeat.com reports. One research 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 1-year target price among brokers that have issued a report on the stock in the last year is $5.3750.

Several research analysts have recently issued reports on the stock. Telsey Advisory Group restated a "market perform" rating and issued a $7.00 target price (up previously from $5.00) on shares of FIGS in a report on Monday, August 4th. Wall Street Zen upgraded shares of FIGS from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. 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 reissued a "hold" rating on shares of FIGS in a research note on Friday, August 8th. Finally, Barclays restated a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th.

Insider Activity at FIGS

In related news, CFO Sarah Oughtred sold 99,834 shares of FIGS stock in a transaction that occurred 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 sale, the chief financial officer directly owned 878,058 shares in the company, valued at $5,435,179.02. The trade was a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Catherine Eva Spear sold 65,866 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $6.88, for a total value of $453,158.08. Following the completion of the sale, the chief executive officer directly owned 1,969,246 shares in the company, valued at $13,548,412.48. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.44% of the company's stock.

Institutional Trading of FIGS

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in FIGS by 12,795.0% in the second quarter. Farther Finance Advisors LLC now owns 5,158 shares of the company's stock worth $29,000 after buying an additional 5,118 shares in the last quarter. GAMMA Investing LLC grew its holdings in FIGS by 585.8% during the 1st quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock valued at $30,000 after buying an additional 5,583 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new stake in FIGS during the 2nd quarter valued at approximately $56,000. Hudson Bay Capital Management LP purchased a new stake in FIGS during the 2nd quarter valued at approximately $61,000. Finally, Walleye Capital LLC purchased a new stake in FIGS during the 2nd quarter valued at approximately $65,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Stock Performance

NYSE FIGS traded up $0.08 during trading hours on Wednesday, hitting $6.91. The company had a trading volume of 1,769,300 shares, compared to its average volume of 2,051,860. FIGS has a 52 week low of $3.57 and a 52 week high of $7.31. The firm has a 50 day simple moving average of $6.42 and a 200 day simple moving average of $5.27. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 172.67, a PEG ratio of 4.23 and a beta of 1.34.

FIGS (NYSE:FIGS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $152.64 million during the quarter, compared to the consensus estimate of $144.17 million. FIGS had a return on equity of 1.84% and a net margin of 1.26%.The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. On average, research analysts forecast that FIGS will post 0.01 earnings per share 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.