FIGS (NYSE:FIGS) Earns Market Perform Rating from Telsey Advisory Group

FIGS (NYSE:FIGS)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They presently have a $7.00 price target on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 30.23% from the company’s previous close.

FIGS has been the subject of several other reports. The Goldman Sachs Group decreased their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Barclays reduced their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.35.

FIGS Stock Down 2.3 %

FIGS opened at $5.38 on Thursday. FIGS has a 52 week low of $4.30 and a 52 week high of $7.05. The business has a 50 day moving average price of $5.79 and a two-hundred day moving average price of $5.77. The company has a market cap of $912.73 million, a PE ratio of 89.58, a P/E/G ratio of 33.00 and a beta of 1.22.

Insider Activity

In other FIGS news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the transaction, the insider now directly owns 354,221 shares in the company, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sugar Maple Asset Management LLC acquired a new stake in FIGS in the fourth quarter valued at $43,000. Blue Trust Inc. increased its holdings in FIGS by 380.0% during the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company’s stock valued at $51,000 after acquiring an additional 5,864 shares in the last quarter. Stifel Financial Corp acquired a new position in FIGS during the fourth quarter worth about $70,000. Cibc World Markets Corp purchased a new stake in shares of FIGS in the fourth quarter valued at about $75,000. Finally, Creative Planning grew its position in shares of FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock valued at $87,000 after purchasing an additional 1,911 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.