FIGS (NYSE:FIGS) Reaches New 1-Year Low – Should You Sell?

FIGS, Inc. (NYSE:FIGS)’s share price reached a new 52-week low during mid-day trading on Saturday . The company traded as low as $4.18 and last traded at $4.35, with a volume of 4031968 shares trading hands. The stock had previously closed at $4.42.

Wall Street Analysts Forecast Growth

FIGS has been the subject of a number of research reports. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price target on shares of FIGS in a report on Friday, February 28th. The Goldman Sachs Group reduced their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.35.

FIGS Price Performance

The stock has a market cap of $706.31 million, a price-to-earnings ratio of 72.43, a P/E/G ratio of 31.62 and a beta of 1.26. The company’s fifty day simple moving average is $5.32 and its two-hundred day simple moving average is $5.66.

Insider Buying and Selling

In related news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the completion of the sale, the insider now 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. 22.30% of the stock is currently owned by company insiders.

Institutional Trading of FIGS

Institutional investors have recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in FIGS during the fourth quarter worth about $43,000. Blue Trust Inc. lifted its position in shares of FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after buying an additional 6,099 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of FIGS in the 4th quarter worth approximately $70,000. Cibc World Markets Corp bought a new position in shares of FIGS in the fourth quarter valued at approximately $75,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of FIGS during the fourth quarter valued at approximately $82,000. Institutional investors own 92.21% of the company’s stock.

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.