FIGS (NYSE:FIGS) Sees Unusually-High Trading Volume – Time to Buy?

Shares of FIGS, Inc. (NYSE:FIGS) saw unusually-strong trading volume on Friday . Approximately 1,256,083 shares changed hands during trading, a decline of 28% from the previous session’s volume of 1,736,115 shares.The stock last traded at $5.87 and had previously closed at $6.08.

Analyst Ratings Changes

Several analysts recently commented on FIGS shares. The Goldman Sachs Group decreased their price target on FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of FIGS in a research note on Wednesday, November 13th. Finally, Barclays cut 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, FIGS currently has a consensus rating of “Hold” and a consensus price target of $5.35.

FIGS Stock Down 1.2 %

The stock’s fifty day moving average is $5.55 and its 200-day moving average is $5.82. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 100.17, a PEG ratio of 290.40 and a beta of 1.24.

Insider Activity

In related news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now directly owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.30% of the stock is owned by company insiders.

Institutional Trading of FIGS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning grew its holdings in shares of FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after buying an additional 1,911 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of FIGS by 787.0% during the 3rd quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock worth $950,000 after acquiring an additional 12,356 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of FIGS during the 3rd quarter worth approximately $104,000. Aigen Investment Management LP raised its holdings in shares of FIGS by 40.3% in the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after purchasing an additional 6,562 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of FIGS in the third quarter worth $163,000. 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.