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

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total value 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. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

FIGS Stock Up 2.2 %

Shares of FIGS opened at $6.07 on Friday. FIGS, Inc. has a 52-week low of $4.30 and a 52-week high of $7.05. The stock has a fifty day simple moving average of $5.56 and a two-hundred day simple moving average of $5.80. The company has a market capitalization of $1.03 billion, a PE ratio of 101.17, a price-to-earnings-growth ratio of 290.40 and a beta of 1.33.

Institutional Investors Weigh In On FIGS

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in FIGS by 165.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 598,028 shares of the company’s stock valued at $4,091,000 after purchasing an additional 372,693 shares during the last quarter. Franklin Resources Inc. lifted its holdings in FIGS by 3.4% in the third quarter. Franklin Resources Inc. now owns 1,120,304 shares of the company’s stock valued at $7,461,000 after acquiring an additional 36,697 shares during the last quarter. Geode Capital Management LLC grew its position in FIGS by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,977,364 shares of the company’s stock worth $20,369,000 after acquiring an additional 109,979 shares during the period. Barclays PLC increased its stake in FIGS by 152.5% during the third quarter. Barclays PLC now owns 286,974 shares of the company’s stock worth $1,963,000 after acquiring an additional 173,316 shares during the last quarter. Finally, State Street Corp raised its position in FIGS by 1.4% in the third quarter. State Street Corp now owns 2,743,494 shares of the company’s stock valued at $18,765,000 after purchasing an additional 38,787 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FIGS shares. Barclays lowered their price target on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. The Goldman Sachs Group dropped their target price on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, FIGS has a consensus rating of “Hold” and a consensus price target of $5.35.

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.