FIGS (NYSE:FIGS) Price Target Lowered to $4.25 at Morgan Stanley

FIGS (NYSE:FIGS) had its price objective reduced by Morgan Stanley from $4.75 to $4.25 in a report issued on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Friday, February 28th. 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, FIGS has an average rating of “Hold” and an average price target of $5.30.

FIGS Stock Down 3.1 %

NYSE:FIGS opened at $3.96 on Thursday. FIGS has a 12-month low of $3.57 and a 12-month high of $7.06. The firm has a market capitalization of $642.77 million, a price-to-earnings ratio of 65.92, a P/E/G ratio of 31.62 and a beta of 1.18. The stock’s 50 day moving average price is $4.69 and its two-hundred day moving average price is $5.43.

Institutional Investors Weigh In On FIGS

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in FIGS by 88.6% during the 1st quarter. SG Americas Securities LLC now owns 107,951 shares of the company’s stock worth $495,000 after purchasing an additional 50,720 shares during the last quarter. Sugar Maple Asset Management LLC lifted its holdings in shares of FIGS by 211.4% during the first quarter. Sugar Maple Asset Management LLC now owns 21,800 shares of the company’s stock worth $100,000 after buying an additional 14,800 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of FIGS by 585.8% in the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company’s stock valued at $30,000 after acquiring an additional 5,583 shares during the period. Pullen Investment Management LLC grew its stake in shares of FIGS by 46.1% in the fourth quarter. Pullen Investment Management LLC now owns 112,236 shares of the company’s stock valued at $695,000 after acquiring an additional 35,434 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FIGS by 18.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,344 shares of the company’s stock valued at $1,587,000 after acquiring an additional 39,462 shares in the last quarter. 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.