FIGS (NYSE:FIGS) Trading Up 6.8%

Shares of FIGS, Inc. (NYSE:FIGS) traded up 6.8% during mid-day trading on Thursday . The stock traded as high as $5.33 and last traded at $5.32. 2,081,070 shares traded hands during trading, a decline of 45% from the average session volume of 3,785,605 shares. The stock had previously closed at $4.98.

Analysts Set New Price Targets

FIGS has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price objective on shares of FIGS in a research note on Monday, August 5th. The Goldman Sachs Group increased their price target on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a research report on Friday, August 9th. Finally, Roth Mkm cut their price objective on FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a research report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.40.

FIGS Stock Up 2.8 %

The business’s fifty day moving average is $5.55 and its two-hundred day moving average is $5.43. The firm has a market cap of $944.77 million, a price-to-earnings ratio of 50.36, a price-to-earnings-growth ratio of 86.00 and a beta of 1.42.

FIGS (NYSE:FIGS) last released its earnings results on Thursday, August 8th. The company reported $0.01 EPS for the quarter. FIGS had a return on equity of 6.12% and a net margin of 4.07%. The company had revenue of $144.23 million during the quarter, compared to analysts’ expectations of $142.25 million. During the same period last year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that FIGS, Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In other news, insider Heather L. Hasson sold 40,149 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total value of $228,849.30. Following the transaction, the insider now owns 425,710 shares of the company’s stock, valued at approximately $2,426,547. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 44,638 shares of company stock valued at $252,720. 22.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise increased its holdings in FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock valued at $30,000 after purchasing an additional 2,000 shares during the last quarter. Dakota Wealth Management bought a new stake in shares of FIGS in the 2nd quarter valued at about $57,000. International Assets Investment Management LLC bought a new stake in shares of FIGS in the 4th quarter valued at about $76,000. Verus Capital Partners LLC acquired a new stake in shares of FIGS in the 2nd quarter valued at approximately $79,000. Finally, Janney Montgomery Scott LLC boosted its stake in FIGS by 23.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,977 shares of the company’s stock worth $85,000 after acquiring an additional 3,247 shares during the last quarter. Institutional investors and hedge funds 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.