Heather L. Hasson Sells 28,614 Shares of FIGS, Inc. (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 28,614 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $4.89, for a total transaction of $139,922.46. Following the completion of the sale, the insider now owns 468,870 shares in the company, valued at approximately $2,292,774.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

FIGS Stock Performance

NYSE FIGS traded up $0.04 on Friday, hitting $5.66. 1,192,366 shares of the stock were exchanged, compared to its average volume of 3,720,994. FIGS, Inc. has a 52-week low of $4.37 and a 52-week high of $8.84. The firm has a market capitalization of $961.69 million, a P/E ratio of 47.28, a P/E/G ratio of 19.95 and a beta of 1.41. The stock has a fifty day moving average price of $5.02 and a two-hundred day moving average price of $5.95.

FIGS (NYSE:FIGS) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. FIGS had a net margin of 4.15% and a return on equity of 6.72%. The business had revenue of $119.29 million during the quarter, compared to the consensus estimate of $117.38 million. During the same quarter last year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts expect that FIGS, Inc. will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIGS. Barclays decreased their target price on FIGS from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. The Goldman Sachs Group lowered their target price on FIGS from $4.85 to $4.25 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Oppenheimer cut shares of FIGS from an “outperform” rating to a “market perform” rating in a research report on Friday, March 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $6.00 price target on shares of FIGS in a research note on Friday. Finally, Bank of America reissued an “underperform” rating and issued a $4.50 price objective (down from $8.50) on shares of FIGS in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.94.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently made changes to their positions in FIGS. Banque Cantonale Vaudoise grew its position in shares of FIGS by 50.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after buying an additional 2,000 shares in the last quarter. Octavia Wealth Advisors LLC purchased a new position in FIGS during the 4th quarter valued at about $75,000. International Assets Investment Management LLC purchased a new position in FIGS during the 4th quarter valued at about $76,000. Janney Montgomery Scott LLC bought a new stake in shares of FIGS in the 3rd quarter valued at about $78,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of FIGS in the 4th quarter worth approximately $90,000. 92.21% of the stock is currently 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.