FIGS (NYSE:FIGS) Given New $4.50 Price Target at The Goldman Sachs Group

FIGS (NYSE:FIGS - Get Free Report) had its price target raised by research analysts at The Goldman Sachs Group from $3.75 to $4.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential downside of 30.82% from the company's previous close.

FIGS has been the topic of several other research reports. Morgan Stanley raised their price target on shares of FIGS from $4.25 to $5.00 and gave the company an "equal weight" rating in a research note on Monday. Barclays restated a "positive" rating on shares of FIGS in a research note on Tuesday, May 13th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $5.00 price target on shares of FIGS in a research note on Tuesday, May 13th.

FIGS Trading Down 0.5%

FIGS traded down $0.04 on Tuesday, hitting $6.51. 1,698,939 shares of the company's stock were exchanged, compared to its average volume of 2,155,964. The firm has a market cap of $1.06 billion, a PE ratio of 654.00 and a beta of 1.32. FIGS has a twelve month low of $3.57 and a twelve month high of $7.05. The stock has a fifty day moving average of $5.35 and a two-hundred day moving average of $5.06.

Institutional Investors Weigh In On FIGS

Several large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of FIGS in the second quarter valued at approximately $79,000. Farther Finance Advisors LLC boosted its holdings 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 in the last quarter. Strs Ohio bought a new position in shares of FIGS in the first quarter valued at approximately $460,000. Woodline Partners LP bought a new position in shares of FIGS in the first quarter valued at approximately $3,199,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FIGS by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,219 shares of the company's stock valued at $354,000 after acquiring an additional 3,276 shares in the last quarter. 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.