Heather L. Hasson Sells 28,614 Shares of FIGS, Inc. (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 28,614 shares of FIGS 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 completion of the sale, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FIGS Price Performance

Shares of FIGS stock traded up $0.47 on Thursday, hitting $5.62. The stock had a trading volume of 7,256,783 shares, compared to its average volume of 3,753,044. The firm has a market capitalization of $954.89 million, a P/E ratio of 49.82, a P/E/G ratio of 19.95 and a beta of 1.41. FIGS, Inc. has a 1 year low of $4.37 and a 1 year high of $8.84. The company’s 50 day moving average price is $5.01 and its 200-day moving average price is $5.95.

FIGS (NYSE:FIGS) last released its earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. FIGS had a return on equity of 6.72% and a net margin of 4.15%. The firm had revenue of $144.90 million during the quarter, compared to analysts’ expectations of $149.09 million. During the same period in the previous year, the firm posted $0.05 EPS. FIGS’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts forecast that FIGS, Inc. will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIGS. SG Americas Securities LLC acquired a new position in shares of FIGS during the 3rd quarter worth about $178,000. Bank of New York Mellon Corp boosted its position in shares of FIGS by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 923,080 shares of the company’s stock worth $5,446,000 after acquiring an additional 30,793 shares in the last quarter. Malaga Cove Capital LLC lifted its holdings in shares of FIGS by 176.6% in the 3rd quarter. Malaga Cove Capital LLC now owns 86,269 shares of the company’s stock valued at $509,000 after purchasing an additional 55,076 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of FIGS in the 3rd quarter valued at about $151,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of FIGS by 40.6% in the 3rd quarter. Principal Financial Group Inc. now owns 90,545 shares of the company’s stock valued at $534,000 after purchasing an additional 26,168 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIGS has been the topic of a number of research analyst reports. Bank of America restated an “underperform” rating and issued a $4.50 target price (down previously from $8.50) on shares of FIGS in a research report on Tuesday, April 2nd. The Goldman Sachs Group reduced their target price on FIGS from $4.85 to $4.25 and set a “sell” rating on the stock in a research report on Tuesday, April 23rd. Barclays reduced their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 target price on shares of FIGS in a research report on Friday, May 3rd. Finally, Oppenheimer downgraded FIGS from an “outperform” rating to a “market perform” rating in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.94.

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.