FIGS, Inc. (NYSE:FIGS) Insider Heather L. Hasson Sells 26,855 Shares

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 26,855 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 354,221 shares of the company’s stock, valued at $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

FIGS Price Performance

FIGS stock opened at $6.07 on Friday. The business’s 50-day moving average is $5.56 and its two-hundred day moving average is $5.80. The firm has a market capitalization of $1.03 billion, a P/E ratio of 101.17, a P/E/G ratio of 290.40 and a beta of 1.33. FIGS, Inc. has a 1 year low of $4.30 and a 1 year high of $7.05.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lowered their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group reduced their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, FIGS currently has an average rating of “Hold” and an average price target of $5.35.

Institutional Trading of FIGS

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of FIGS by 17.0% in the 2nd quarter. Rhumbline Advisers now owns 207,382 shares of the company’s stock valued at $1,105,000 after purchasing an additional 30,077 shares during the last quarter. Malaga Cove Capital LLC increased its holdings in FIGS by 28.3% in the second quarter. Malaga Cove Capital LLC now owns 180,844 shares of the company’s stock valued at $964,000 after buying an additional 39,928 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of FIGS by 972.2% in the 2nd quarter. Headlands Technologies LLC now owns 34,997 shares of the company’s stock valued at $187,000 after acquiring an additional 31,733 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in FIGS in the second quarter valued at approximately $3,856,000. Finally, American Century Companies Inc. acquired a new position in shares of FIGS in the 2nd quarter valued at $554,000. 92.21% of the stock is currently 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.