FIGS, Inc. (NYSE:FIGS) Insider Heather L. Hasson Sells 40,149 Shares

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 40,149 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $5.70, for a total value of $228,849.30. Following the completion of the transaction, the insider now directly owns 425,710 shares in the company, valued at $2,426,547. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

FIGS Trading Down 14.0 %

NYSE FIGS opened at $4.92 on Monday. The company has a market cap of $837.52 million, a P/E ratio of 44.73, a PEG ratio of 86.00 and a beta of 1.42. The company has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $5.45. FIGS, Inc. has a 12-month low of $4.30 and a 12-month high of $7.98.

FIGS (NYSE:FIGS) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $144.23 million for the quarter, compared to analyst estimates of $142.25 million. FIGS had a net margin of 4.07% and a return on equity of 6.12%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. Sell-side analysts predict that FIGS, Inc. will post 0.03 EPS for the current year.

Hedge Funds Weigh In On FIGS

Large investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise raised its stake in shares of FIGS by 50.0% in the first quarter. Banque Cantonale Vaudoise now owns 6,000 shares of the company’s stock worth $30,000 after purchasing an additional 2,000 shares during the last quarter. Dakota Wealth Management bought a new stake in FIGS during the second quarter worth $57,000. Octavia Wealth Advisors LLC purchased a new stake in FIGS in the 4th quarter valued at $75,000. International Assets Investment Management LLC bought a new position in FIGS during the 4th quarter valued at $76,000. Finally, Verus Capital Partners LLC purchased a new position in FIGS during the 2nd quarter worth $79,000. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FIGS shares. Roth Mkm lowered their price objective on shares of FIGS from $7.50 to $6.75 and set a “buy” rating for the company in a research note on Friday, May 10th. The Goldman Sachs Group lifted their price target on shares of FIGS from $4.25 to $4.75 and gave the company a “sell” rating in a research note on Friday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $6.00 price objective on shares of FIGS in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.40.

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.