FIGS (NYSE:FIGS) Given “Market Perform” Rating at Telsey Advisory Group

FIGS (NYSE:FIGSGet Free Report)‘s stock had its “market perform” rating restated by Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $7.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 30.23% from the stock’s current price.

FIGS has been the topic of several other reports. 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 report on Tuesday, November 12th. The Goldman Sachs Group decreased their price target on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.35.

Read Our Latest Report on FIGS

FIGS Trading Down 2.3 %

FIGS opened at $5.38 on Thursday. The firm has a 50 day moving average of $5.79 and a two-hundred day moving average of $5.77. The firm has a market capitalization of $912.73 million, a PE ratio of 89.58, a P/E/G ratio of 33.00 and a beta of 1.22. FIGS has a 12-month low of $4.30 and a 12-month high of $7.05.

Insider Transactions at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

Several large investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its holdings in shares of FIGS by 2.7% in the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company’s stock valued at $190,886,000 after purchasing an additional 807,681 shares in the last quarter. Vanguard Group Inc. grew its stake in FIGS by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company’s stock worth $79,230,000 after buying an additional 153,836 shares during the last quarter. Ameriprise Financial Inc. increased its position in FIGS by 37.9% during the fourth quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company’s stock worth $75,445,000 after buying an additional 3,352,846 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in FIGS by 1.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company’s stock valued at $66,121,000 after buying an additional 110,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FIGS by 23.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company’s stock valued at $26,931,000 after acquiring an additional 827,149 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Company Profile

(Get Free Report)

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.

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