FIGS (NYSE:FIGS) CEO Catherine Eva Spear Sells 62,213 Shares

Key Points

• FIGS CEO Catherine Eva Spear sold 62,213 shares of the company's stock at an average price of $6.88, totaling $428,025.44, reducing her position by 3.16%.
• The company's stock has a 12-month high of $7.54 and a 12-month low of $3.57, currently trading at around $7.03.
• Analysts have mixed ratings on FIGS, with a consensus rating of "Reduce" and an average price target of $5.38.

FIGS, Inc. (NYSE:FIGS - Get Free Report) CEO Catherine Eva Spear sold 62,213 shares of FIGS stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $6.88, for a total transaction of $428,025.44. Following the completion of the transaction, the chief executive officer owned 1,907,033 shares of the company's stock, valued at $13,120,387.04. The trade was a 3.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Catherine Eva Spear also recently made the following trade(s):

• On Wednesday, August 13th, Catherine Eva Spear sold 65,866 shares of FIGS stock. The stock was sold at an average price of $6.88, for a total transaction of $453,158.08.

FIGS Stock Down 1.1%

Shares of FIGS stock traded down $0.08 on Monday, reaching $7.03. The company's stock had a trading volume of 1,448,911 shares, compared to its average volume of 2,118,543. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.54. The stock's 50 day simple moving average is $6.84 and its 200-day simple moving average is $5.59. The company has a market capitalization of $1.15 billion, a P/E ratio of 175.79, a PEG ratio of 4.56 and a beta of 1.33.

FIGS (NYSE:FIGS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $152.64 million for the quarter, compared to analyst estimates of $144.17 million. FIGS had a net margin of 1.26% and a return on equity of 1.84%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. Research analysts expect that FIGS, Inc. will post 0.01 EPS for the current year.

Hedge Funds Weigh In On FIGS

A number of hedge funds have recently bought and sold shares of FIGS. Corient Private Wealth LLC lifted its stake in shares of FIGS by 0.8% in the second quarter. Corient Private Wealth LLC now owns 332,938 shares of the company's stock worth $1,878,000 after buying an additional 2,612 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in FIGS by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company's stock worth $354,000 after acquiring an additional 3,276 shares during the last quarter. Farther Finance Advisors LLC lifted its position in FIGS by 12,795.0% in the 2nd 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 in the last quarter. GAMMA Investing LLC boosted its stake 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 purchasing an additional 5,583 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of FIGS by 6.9% in the 2nd quarter. Franklin Resources Inc. now owns 94,643 shares of the company's stock worth $534,000 after purchasing an additional 6,133 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

FIGS has been the subject of several analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of FIGS in a research report on Saturday, September 27th. Telsey Advisory Group restated a "market perform" rating and set a $7.00 price target (up previously from $5.00) on shares of FIGS in a report on Monday, August 4th. Morgan Stanley boosted their target price on FIGS from $4.25 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of FIGS in a research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of FIGS from a "strong-buy" rating to a "buy" rating in a report on Saturday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, FIGS has a consensus rating of "Reduce" and an average price target of $5.38.

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.

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