FIGS (NYSE:FIGS) Hits New 52-Week Low – What’s Next?

Shares of FIGS, Inc. (NYSE:FIGS) reached a new 52-week low during trading on Thursday . The stock traded as low as $4.05 and last traded at $4.09, with a volume of 1221113 shares traded. The stock had previously closed at $4.65.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a research report on Friday, February 28th. The Goldman Sachs Group reduced 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.

FIGS Trading Up 0.4 %

The firm has a 50 day moving average of $5.03 and a two-hundred day moving average of $5.59. The stock has a market capitalization of $641.14 million, a PE ratio of 65.75, a P/E/G ratio of 31.62 and a beta of 1.18.

Insider Activity

In related news, insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 354,221 shares in the company, valued at approximately $2,111,157.16. The trade was a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.30% of the company’s stock.

Institutional Trading of FIGS

Institutional investors have recently modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new stake in FIGS during the fourth quarter worth approximately $43,000. Blue Trust Inc. increased its holdings in FIGS by 395.3% in the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock valued at $47,000 after purchasing an additional 6,099 shares in the last quarter. Stifel Financial Corp purchased a new position in FIGS in the fourth quarter valued at about $70,000. Cibc World Markets Corp purchased a new stake in shares of FIGS in the fourth quarter worth about $75,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of FIGS in the fourth quarter valued at about $82,000. Hedge funds and other institutional investors 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.