FIGS (NYSE:FIGS) Insider Heather Hasson Sells 23,356 Shares

FIGS, Inc. (NYSE:FIGS) insider Heather Hasson sold 23,356 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $7.39, for a total value of $172,600.84. Following the completion of the sale, the insider directly owned 1,274,841 shares in the company, valued at $9,421,074.99. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FIGS Stock Performance

Shares of FIGS stock traded down $0.06 during trading on Thursday, hitting $7.52. 3,817,928 shares of the stock were exchanged, compared to its average volume of 2,004,924. FIGS, Inc. has a 12 month low of $3.57 and a 12 month high of $8.49. The stock has a market cap of $1.23 billion, a PE ratio of 188.05, a P/E/G ratio of 4.73 and a beta of 1.34. The stock’s fifty day moving average is $7.26 and its 200 day moving average is $6.11.

FIGS (NYSE:FIGS) last announced its earnings results on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. FIGS had a return on equity of 1.84% and a net margin of 1.26%.The firm had revenue of $151.66 million for the quarter, compared to the consensus estimate of $142.39 million. FIGS has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that FIGS, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of FIGS

Large investors have recently added to or reduced their stakes in the business. Security Benefit Life Insurance Co. KS purchased a new stake in FIGS during the first quarter valued at about $6,962,000. Bamco Inc. NY raised its holdings in shares of FIGS by 2.2% during the second quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock valued at $338,256,000 after acquiring an additional 1,302,823 shares during the period. BNP Paribas Financial Markets lifted its position in shares of FIGS by 2,139.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,307,468 shares of the company’s stock valued at $7,374,000 after acquiring an additional 1,249,091 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of FIGS by 9.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock valued at $78,602,000 after acquiring an additional 1,144,962 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in FIGS in the 1st quarter worth approximately $4,640,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FIGS has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of FIGS in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of FIGS from $4.25 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. BTIG Research started coverage on FIGS in a report on Tuesday, October 14th. They set a “buy” rating and a $9.00 target price on the stock. The Goldman Sachs Group increased their price target on FIGS from $3.75 to $4.50 and gave the company a “sell” rating in a research note on Tuesday, July 22nd. Finally, Cowen reiterated a “hold” rating on shares of FIGS in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.10.

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.