Analysts Set FIGS, Inc. (NYSE:FIGS) Price Target at $5.40

Shares of FIGS, Inc. (NYSE:FIGS) have been given an average recommendation of “Reduce” by the six research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.40.

A number of research analysts have weighed in on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 target price on shares of FIGS in a report on Wednesday, November 13th. The Goldman Sachs Group boosted their price objective on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday, August 9th. Finally, Barclays lowered their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th.

Institutional Trading of FIGS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dakota Wealth Management bought a new stake in shares of FIGS in the 2nd quarter worth approximately $57,000. Creative Planning lifted its stake in FIGS by 17.7% in the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares during the last quarter. International Assets Investment Management LLC boosted its position in FIGS by 787.0% during the third quarter. International Assets Investment Management LLC now owns 13,926 shares of the company’s stock valued at $950,000 after buying an additional 12,356 shares during the period. Verus Capital Partners LLC bought a new position in shares of FIGS during the second quarter valued at about $79,000. Finally, GSA Capital Partners LLP purchased a new position in shares of FIGS in the third quarter worth about $104,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

FIGS Price Performance

FIGS stock opened at $4.99 on Friday. The firm has a market capitalization of $846.50 million, a P/E ratio of 83.00, a PEG ratio of 226.56 and a beta of 1.44. FIGS has a one year low of $4.30 and a one year high of $7.98. The business has a fifty day moving average price of $6.00 and a 200-day moving average price of $5.72.

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.