FIGS Target of Unusually High Options Trading (NYSE:FIGS)

FIGS, Inc. (NYSE:FIGS) was the target of unusually large options trading on Tuesday. Traders purchased 5,116 call options on the stock. This represents an increase of 577% compared to the typical daily volume of 756 call options.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on FIGS from $4.25 to $4.75 and gave the stock a “sell” rating in a report on Friday, August 9th. Finally, Barclays reduced their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, FIGS currently has an average rating of “Hold” and a consensus price target of $5.40.

FIGS Stock Performance

Shares of FIGS remained flat at $5.41 during midday trading on Tuesday. The company’s stock had a trading volume of 145,477 shares, compared to its average volume of 3,522,402. The firm has a fifty day moving average of $5.96 and a 200 day moving average of $5.70. FIGS has a 1 year low of $4.30 and a 1 year high of $7.98. The firm has a market capitalization of $918.67 million, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 249.12 and a beta of 1.33.

Institutional Trading of FIGS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning increased 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 acquiring an additional 1,911 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of FIGS by 6.0% in the second quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock valued at $270,000 after acquiring an additional 2,879 shares during the last quarter. FMR LLC grew its holdings in FIGS by 0.3% during the third quarter. FMR LLC now owns 1,155,092 shares of the company’s stock worth $7,901,000 after purchasing an additional 3,000 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in FIGS by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 63,141 shares of the company’s stock worth $316,000 after purchasing an additional 4,038 shares during the period. Finally, Aigen Investment Management LP grew its holdings in FIGS by 40.3% during the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock worth $156,000 after purchasing an additional 6,562 shares during the period. 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.