FIGS, Inc. (NYSE:FIGS) Given Average Recommendation of "Hold" by Analysts

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

Several research firms have weighed in on FIGS. Barclays restated a "positive" rating on shares of FIGS in a report on Tuesday, May 13th. Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 target price (up from $5.00) on shares of FIGS in a research report on Monday, August 4th. 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 research report on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of FIGS in a research report on Friday, August 8th. Finally, Wall Street Zen cut shares of FIGS from a "strong-buy" rating to a "buy" rating in a research report on Friday.

Insider Buying and Selling at FIGS

In related news, CEO Catherine Eva Spear sold 65,866 shares of FIGS stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total transaction of $453,158.08. Following the sale, the chief executive officer owned 1,969,246 shares of the company's stock, valued at $13,548,412.48. The trade was a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sarah Oughtred sold 99,834 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $6.19, for a total transaction of $617,972.46. Following the completion of the sale, the chief financial officer owned 878,058 shares in the company, valued at approximately $5,435,179.02. This trade represents a 10.21% decrease in their position. The disclosure for this sale can be found here. Insiders own 29.44% of the company's stock.

Institutional Investors Weigh In On FIGS

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

FIGS Stock Up 1.1%

Shares of NYSE FIGS traded up $0.08 during midday trading on Wednesday, hitting $6.91. The company had a trading volume of 1,769,300 shares, compared to its average volume of 1,840,318. FIGS has a twelve month low of $3.57 and a twelve month high of $7.31. The business has a 50-day simple moving average of $6.44 and a two-hundred day simple moving average of $5.28. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 172.67, a price-to-earnings-growth ratio of 4.42 and a beta of 1.34.

FIGS (NYSE:FIGS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.04 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 1.84%. The firm had revenue of $152.64 million during the quarter, compared to analysts' expectations of $144.17 million. During the same quarter last year, the business earned $0.01 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that FIGS will post 0.01 EPS for the current year.

About FIGS

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.