FIGS (NYSE:FIGS) Shares Gap Down to $4.85

Shares of FIGS, Inc. (NYSE:FIGSGet Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.85, but opened at $4.51. FIGS shares last traded at $4.57, with a volume of 610,173 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FIGS shares. The Goldman Sachs Group lowered their target price on shares of FIGS from $6.75 to $4.85 and set a “sell” rating for the company in a report on Thursday, February 29th. Oppenheimer lowered shares of FIGS from an “outperform” rating to a “market perform” rating in a report on Friday, March 8th. Barclays lowered their target price on shares of FIGS from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. Bank of America reiterated an “underperform” rating and set a $4.50 target price (down from $8.50) on shares of FIGS in a report on Tuesday. Finally, Telsey Advisory Group lowered shares of FIGS from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $11.00 to $6.00 in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, FIGS has a consensus rating of “Hold” and an average price target of $5.87.

View Our Latest Analysis on FIGS

FIGS Stock Performance

The firm has a market cap of $769.69 million, a P/E ratio of 41.19, a P/E/G ratio of 3.59 and a beta of 1.49. The business’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $6.16.

FIGS (NYSE:FIGSGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business had revenue of $144.90 million during the quarter, compared to the consensus estimate of $149.09 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The firm’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that FIGS, Inc. will post 0.08 EPS for the current year.

Insider Activity

In other news, CFO Daniella Turenshine sold 4,201 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $6.08, for a total transaction of $25,542.08. Following the completion of the sale, the chief financial officer now owns 429,821 shares of the company’s stock, valued at approximately $2,613,311.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Daniella Turenshine sold 4,201 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $6.08, for a total transaction of $25,542.08. Following the completion of the sale, the chief financial officer now owns 429,821 shares of the company’s stock, valued at approximately $2,613,311.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Heather L. Hasson sold 27,547 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $5.93, for a total transaction of $163,353.71. Following the sale, the insider now directly owns 499,308 shares of the company’s stock, valued at approximately $2,960,896.44. The disclosure for this sale can be found here. Insiders sold a total of 53,535 shares of company stock valued at $311,528 in the last 90 days. Company insiders own 21.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FIGS. Barclays PLC lifted its stake in FIGS by 62.6% in the 3rd quarter. Barclays PLC now owns 85,715 shares of the company’s stock worth $507,000 after purchasing an additional 33,003 shares in the last quarter. Wellington Management Group LLP purchased a new stake in FIGS in the 3rd quarter worth $4,306,000. Bamco Inc. NY lifted its stake in FIGS by 6.2% in the 3rd quarter. Bamco Inc. NY now owns 25,032,830 shares of the company’s stock worth $147,694,000 after purchasing an additional 1,470,706 shares in the last quarter. Boston Partners purchased a new stake in FIGS in the 3rd quarter worth $692,000. Finally, Dark Forest Capital Management LP lifted its stake in FIGS by 51.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 695,422 shares of the company’s stock worth $4,103,000 after purchasing an additional 235,241 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About FIGS

(Get Free Report)

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.

Further Reading

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