FIGS (NYSE:FIGS) Shares Gap Down – What’s Next?

Shares of FIGS, Inc. (NYSE:FIGS) gapped down before the market opened on Tuesday . The stock had previously closed at $4.84, but opened at $4.71. FIGS shares last traded at $4.69, with a volume of 159,056 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on FIGS shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price target on shares of FIGS in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.35.

FIGS Trading Down 3.2 %

The company has a market capitalization of $761.41 million, a price-to-earnings ratio of 78.08, a P/E/G ratio of 31.62 and a beta of 1.26. The business’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.65.

Insider Transactions at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the completion of the transaction, the insider now owns 354,221 shares of the company’s stock, valued at $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 22.30% of the company’s stock.

Institutional Investors Weigh In On FIGS

A number of institutional investors have recently added to or reduced their stakes in FIGS. Sugar Maple Asset Management LLC bought a new position in FIGS during the 4th quarter worth approximately $43,000. Blue Trust Inc. raised its position in shares of FIGS by 395.3% in the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company’s stock worth $47,000 after acquiring an additional 6,099 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of FIGS in the 4th quarter valued at about $70,000. Cibc World Markets Corp bought a new stake in shares of FIGS during the 4th quarter valued at about $75,000. Finally, Quantinno Capital Management LP acquired a new stake in FIGS during the fourth quarter worth approximately $82,000. 92.21% of the stock is owned by institutional investors.

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.