Insider Selling: FIGS, Inc. (NYSE:FIGS) Insider Sells 26,855 Shares of Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 26,855 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through the SEC website.

FIGS Stock Up 2.2 %

Shares of FIGS opened at $6.07 on Thursday. The stock’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $5.80. The firm has a market capitalization of $1.03 billion, a PE ratio of 101.17, a price-to-earnings-growth ratio of 290.40 and a beta of 1.33. FIGS, Inc. has a 12-month low of $4.30 and a 12-month high of $7.05.

Analyst Upgrades and Downgrades

FIGS has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a research report on Wednesday, November 13th. Barclays reduced their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group dropped 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. 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.35.

Institutional Trading of FIGS

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIGS. Creative Planning boosted its position in shares of FIGS by 17.7% in the 3rd quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after purchasing an additional 1,911 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in FIGS by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 50,564 shares of the company’s stock worth $270,000 after buying an additional 2,879 shares during the last quarter. FMR LLC grew its position in shares of FIGS by 0.3% during the 3rd quarter. FMR LLC now owns 1,155,092 shares of the company’s stock worth $7,901,000 after buying an additional 3,000 shares during the period. Aigen Investment Management LP increased its stake in shares of FIGS by 40.3% in the 3rd quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock valued at $156,000 after acquiring an additional 6,562 shares during the last quarter. Finally, Quent Capital LLC raised its position in shares of FIGS by 49.8% in the 3rd quarter. Quent Capital LLC now owns 30,073 shares of the company’s stock valued at $204,000 after acquiring an additional 10,000 shares during the period. 92.21% of the stock is owned by institutional investors.

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.