FIGS, Inc. (NYSE:FIGS) Receives $6.10 Consensus Price Target from Brokerages

Shares of FIGS, Inc. (NYSE:FIGS) have earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $6.10.

A number of equities research analysts have issued reports on FIGS shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective (up from $5.00) on shares of FIGS in a report on Monday, August 4th. Morgan Stanley increased their price objective on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. BTIG Research started coverage on shares of FIGS in a report on Tuesday, October 14th. They set a “buy” rating and a $9.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of FIGS from $3.75 to $4.50 and gave the company a “sell” rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 12th.

FIGS Trading Down 3.8%

NYSE FIGS opened at $7.80 on Thursday. FIGS has a 12 month low of $3.57 and a 12 month high of $8.49. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 194.92, a PEG ratio of 5.19 and a beta of 1.33. The company’s 50 day moving average is $7.20 and its two-hundred day moving average is $5.99.

FIGS (NYSE:FIGS) last released its 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. FIGS had a net margin of 1.26% and a return on equity of 1.84%. The company had revenue of $152.64 million for the quarter, compared to analysts’ expectations of $144.17 million. During the same quarter last year, the business earned $0.01 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that FIGS will post 0.01 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Sarah Oughtred sold 99,834 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $6.19, for a total value of $617,972.46. Following the completion of the transaction, the chief financial officer directly owned 878,058 shares of the company’s stock, valued at approximately $5,435,179.02. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Catherine Eva Spear sold 65,866 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 1,969,246 shares of the company’s stock, valued at approximately $13,548,412.48. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 237,881 shares of company stock valued at $1,572,520. 29.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew 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 purchasing an additional 5,118 shares in the last quarter. GAMMA Investing LLC lifted its position in FIGS by 585.8% in 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 last quarter. Capstone Financial Advisors Inc. bought a new stake in FIGS in the second quarter worth $56,000. Hudson Bay Capital Management LP bought a new stake in FIGS in the second quarter worth $61,000. Finally, Walleye Capital LLC bought a new stake in FIGS in the second quarter worth $65,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.