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 firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $5.96, for a total transaction of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

FIGS Trading Down 1.2 %

FIGS opened at $6.01 on Friday. The firm has a market capitalization of $1.02 billion, a PE ratio of 100.17, a PEG ratio of 290.40 and a beta of 1.24. FIGS, Inc. has a twelve month low of $4.30 and a twelve month high of $7.05. The firm’s 50-day moving average price is $5.55 and its 200 day moving average price is $5.81.

Analysts Set New Price Targets

FIGS has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of FIGS from $5.00 to $4.50 and set a “sell” rating on the stock in a report on Tuesday, December 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Finally, Barclays decreased their price objective on shares of FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.35.

Hedge Funds Weigh In On FIGS

A number of institutional investors and hedge funds have recently bought and sold shares of FIGS. Creative Planning boosted its position in FIGS by 17.7% during the third quarter. Creative Planning now owns 12,697 shares of the company’s stock worth $87,000 after acquiring an additional 1,911 shares during the last quarter. GSA Capital Partners LLP acquired a new position in FIGS during the third quarter worth about $104,000. Seven Eight Capital LP acquired a new position in FIGS during the second quarter worth about $144,000. Aigen Investment Management LP boosted its position in FIGS by 40.3% during the third quarter. Aigen Investment Management LP now owns 22,840 shares of the company’s stock worth $156,000 after acquiring an additional 6,562 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in FIGS during the third quarter worth about $163,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.