FIGS, Inc. (NYSE:FIGS - Get Free Report) insider Heather Hasson sold 556,327 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $16.85, for a total value of $9,374,109.95. Following the completion of the sale, the insider owned 1,251,967 shares in the company, valued at approximately $21,095,643.95. This represents a 30.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
FIGS Stock Performance
Shares of FIGS stock opened at $16.90 on Wednesday. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $17.40. The firm has a market capitalization of $2.78 billion, a PE ratio of 88.95 and a beta of 1.22. The stock has a fifty day moving average of $11.59 and a two-hundred day moving average of $9.53.
FIGS (NYSE:FIGS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.08. The business had revenue of $201.90 million for the quarter, compared to analysts' expectations of $165.33 million. FIGS had a net margin of 5.43% and a return on equity of 8.41%. The company's revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 earnings per share. Equities research analysts predict that FIGS, Inc. will post 0.01 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently commented on FIGS. Weiss Ratings reiterated a "hold (c-)" rating on shares of FIGS in a research note on Monday, December 29th. BTIG Research reaffirmed a "buy" rating and set a $15.00 price target on shares of FIGS in a research note on Friday, February 27th. Zacks Research raised FIGS from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 7th. Telsey Advisory Group upped their price objective on FIGS from $9.00 to $15.00 and gave the company a "market perform" rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group raised FIGS from a "strong sell" rating to a "hold" rating in a report on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.25.
View Our Latest Analysis on FIGS
Hedge Funds Weigh In On FIGS
A number of hedge funds have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in shares of FIGS during the third quarter worth $35,000. Elevated Capital Advisors LLC acquired a new stake in FIGS during the 4th quarter worth about $45,000. Quarry LP raised its holdings in FIGS by 1,876.3% during the 3rd quarter. Quarry LP now owns 7,846 shares of the company's stock worth $52,000 after buying an additional 7,449 shares during the period. Capstone Financial Advisors Inc. purchased a new stake in FIGS during the second quarter valued at about $56,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of FIGS in the second quarter worth about $61,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
FIGS Company Profile
(
Get Free Report)
FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.
Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.
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