FIGS, Inc. (NYSE:FIGS) Receives Average Recommendation of "Reduce" from Brokerages

FIGS, Inc. (NYSE:FIGS - Get Free Report) has received a consensus rating of "Reduce" from the six analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.30.

• MarketBeat ‘Stock of the Week’: FIGS has healthy growth prospects

A number of research analysts have weighed in on the company. Bank of America reissued an "underperform" rating and set a $4.50 price target (down previously from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Roth Mkm reduced their target price on FIGS from $7.50 to $6.75 and set a "buy" rating on the stock in a research report on Friday, May 10th. The Goldman Sachs Group lowered their price target on FIGS from $4.85 to $4.25 and set a "sell" rating for the company in a report on Tuesday, April 23rd. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $6.00 price objective on shares of FIGS in a report on Thursday, June 13th.

View Our Latest Analysis on FIGS

Insider Transactions at FIGS

In other FIGS news, insider Heather L. Hasson sold 28,614 shares of the business's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $4.89, for a total value of $139,922.46. Following the transaction, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 32,649 shares of company stock valued at $161,206. Corporate insiders own 22.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new position in shares of FIGS in the 3rd quarter worth approximately $4,306,000. Eagle Asset Management Inc. acquired a new position in FIGS in the fourth quarter worth $12,152,000. Applied Fundamental Research LLC increased its stake in FIGS by 25.8% during the first quarter. Applied Fundamental Research LLC now owns 2,495,381 shares of the company's stock valued at $12,427,000 after purchasing an additional 511,794 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of FIGS by 64.3% during the fourth quarter. SG Americas Securities LLC now owns 49,467 shares of the company's stock worth $344,000 after purchasing an additional 19,353 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of FIGS by 4.6% during the third quarter. Vanguard Group Inc. now owns 12,278,070 shares of the company's stock worth $72,441,000 after purchasing an additional 538,251 shares during the period. 92.21% of the stock is currently owned by institutional investors.

FIGS Trading Up 1.0 %

Shares of NYSE FIGS opened at $5.94 on Friday. The company's 50-day moving average price is $5.37 and its 200 day moving average price is $5.45. FIGS has a 52 week low of $4.30 and a 52 week high of $7.98. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 81.73 and a beta of 1.42.

FIGS (NYSE:FIGS - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $119.29 million for the quarter, compared to analyst estimates of $117.38 million. FIGS had a return on equity of 6.12% and a net margin of 4.07%. FIGS's revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. As a group, research analysts expect that FIGS will post 0.03 earnings per share for the current year.

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.

See Also

• Five stocks we like better than FIGS
• Are Penny Stocks a Good Fit for Your Portfolio?
• Is This Telehealth Stock a Buy After the Recent Pullback?
• Roth IRA Calculator: Calculate Your Potential Returns
• Safeguard Against Credit Card Risks with This Top Financial Stock
• What Investors Must Know About Over-the-Counter (OTC) Stocks
• Streaming Titan's Stock Ready to Hit All-Time Highs This Year

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Brace Yourself: Experts calling for Bitcoin to hit $100k (From Crypto 101 Media) (Ad)

Should you invest $1,000 in FIGS right now?

Before you consider FIGS, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FIGS wasn't on the list.

While FIGS currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here