Shares of FIGS, Inc. (NYSE:FIGS - Get Free Report) rose 6% on Wednesday . The company traded as high as $4.90 and last traded at $4.89. Approximately 497,707 shares changed hands during trading, a decline of 75% from the average daily volume of 1,999,268 shares. The stock had previously closed at $4.61.
Analysts Set New Price Targets
FIGS has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Telsey Advisory Group reiterated a "market perform" rating and set a $5.00 target price on shares of FIGS in a research note on Tuesday, May 13th. The Goldman Sachs Group decreased their target price on shares of FIGS from $4.25 to $3.75 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays restated a "positive" rating on shares of FIGS in a research note on Tuesday, May 13th.
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FIGS Stock Performance
The firm's fifty day simple moving average is $4.33 and its 200 day simple moving average is $5.03. The firm has a market cap of $827.38 million, a P/E ratio of 84.83, a P/E/G ratio of 31.62 and a beta of 1.22.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in FIGS. 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 purchasing an additional 2,355 shares during the period. Malaga Cove Capital LLC boosted its stake in FIGS by 1.2% in the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in FIGS by 3.9% in the fourth 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 in the last quarter. Invesco Ltd. boosted its stake in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of FIGS by 585.8% during the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock worth $30,000 after buying an additional 5,583 shares during the period. Institutional investors own 92.21% of the company's stock.
About FIGS
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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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