FIGS (NYSE:FIGS) Shares Up 8.3% - Should You Buy?

FIGS, Inc. (NYSE:FIGS - Get Free Report)'s stock price traded up 8.3% on Friday . The company traded as high as $4.28 and last traded at $4.36. 169,804 shares traded hands during trading, a decline of 94% from the average session volume of 2,888,206 shares. The stock had previously closed at $4.03.

Analyst Upgrades and Downgrades

FIGS has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their target price on FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Telsey Advisory Group decreased their target price on FIGS from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Monday. Finally, Morgan Stanley lowered their target price on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.75.

FIGS Price Performance

The firm has a market capitalization of $801.22 million, a price-to-earnings ratio of 82.17, a PEG ratio of 31.62 and a beta of 1.20. The firm has a 50 day moving average price of $4.35 and a 200-day moving average price of $5.20.

Hedge Funds Weigh In On FIGS

Several hedge funds and other institutional investors have recently made changes to their positions in FIGS. MetLife Investment Management LLC grew its holdings in FIGS by 3.1% during the 4th quarter. MetLife Investment Management LLC now owns 78,952 shares of the company's stock worth $489,000 after acquiring an additional 2,355 shares in the last quarter. Malaga Cove Capital LLC grew its stake in shares of FIGS by 1.2% during the fourth quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company's stock worth $1,341,000 after purchasing an additional 2,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 buying an additional 2,807 shares during the last quarter. Invesco Ltd. raised 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 buying an additional 3,879 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in FIGS by 585.8% during the 1st 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 last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

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.