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

Telsey Advisory Group reaffirmed their market perform rating on shares of FIGS (NYSE:FIGS) in a report released on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $7.00 price target on the stock.

Several other equities research analysts also recently issued reports on FIGS. The Goldman Sachs Group decreased their price objective on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Barclays reduced their target price on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, FIGS currently has a consensus rating of “Hold” and a consensus price target of $5.35.

FIGS Stock Performance

Shares of NYSE:FIGS opened at $5.28 on Thursday. The stock has a 50-day simple moving average of $5.77 and a 200-day simple moving average of $5.77. The stock has a market capitalization of $895.75 million, a P/E ratio of 87.92, a PEG ratio of 33.00 and a beta of 1.22. FIGS has a 1 year low of $4.30 and a 1 year high of $7.05.

Insiders Place Their Bets

In related news, insider Heather L. Hasson sold 26,855 shares of FIGS stock in a transaction on Monday, January 6th. The shares were 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 $2,111,157.16. The trade was a 7.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.30% of the stock is owned by company insiders.

Institutional Trading of FIGS

Large investors have recently modified their holdings of the business. Sugar Maple Asset Management LLC acquired a new position in shares of FIGS in the fourth quarter worth about $43,000. Blue Trust Inc. increased its holdings in FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after purchasing an additional 6,099 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of FIGS in the 4th quarter valued at approximately $70,000. Cibc World Markets Corp purchased a new position in shares of FIGS during the 4th quarter valued at approximately $75,000. Finally, Quantinno Capital Management LP purchased a new position in shares of FIGS during the 4th quarter valued at approximately $82,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.