FIGS (NYSE:FIGS) Stock Price Up 6% – Here’s What Happened

FIGS, Inc. (NYSE:FIGS) traded up 6% during mid-day trading on Thursday . The company traded as high as $5.96 and last traded at $5.96. 520,219 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 3,480,539 shares. The stock had previously closed at $5.62.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. The Goldman Sachs Group decreased their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $7.00 target price on shares of FIGS in a research note on Wednesday, November 13th. Finally, Barclays lowered their price target on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, FIGS currently has a consensus rating of “Hold” and a consensus price target of $5.35.

FIGS Stock Up 7.8 %

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 101.00, a price-to-earnings-growth ratio of 299.52 and a beta of 1.33. The stock’s 50 day moving average is $5.62 and its 200 day moving average is $5.72.

Institutional Trading of FIGS

Institutional investors have recently modified their holdings of the company. Rice Hall James & Associates LLC acquired a new stake in FIGS in the 2nd quarter valued at about $3,856,000. Applied Fundamental Research LLC raised its holdings in shares of FIGS by 6.1% in the 3rd quarter. Applied Fundamental Research LLC now owns 2,648,281 shares of the company’s stock worth $18,114,000 after purchasing an additional 152,900 shares in the last quarter. Resolute Capital Asset Partners LLC acquired a new stake in FIGS during the second quarter valued at approximately $799,000. American Century Companies Inc. bought a new stake in FIGS during the second quarter worth approximately $554,000. Finally, Millennium Management LLC increased its holdings in shares of FIGS by 296.4% in the second quarter. Millennium Management LLC now owns 623,536 shares of the company’s stock valued at $3,323,000 after buying an additional 466,252 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.