Applied Fundamental Research LLC Has $15.39 Million Position in FIGS, Inc. (NYSE:FIGS)

Applied Fundamental Research LLC lessened its holdings in FIGS, Inc. (NYSE:FIGS) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,486,948 shares of the company’s stock after selling 161,333 shares during the quarter. FIGS makes up 12.0% of Applied Fundamental Research LLC’s holdings, making the stock its 4th largest holding. Applied Fundamental Research LLC’s holdings in FIGS were worth $15,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. OFI Invest Asset Management purchased a new position in FIGS in the 4th quarter worth about $749,000. Raymond James Financial Inc. purchased a new position in shares of FIGS during the fourth quarter worth approximately $12,152,000. Aigen Investment Management LP raised its stake in shares of FIGS by 66.6% during the fourth quarter. Aigen Investment Management LP now owns 38,051 shares of the company’s stock valued at $236,000 after acquiring an additional 15,211 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of FIGS by 488.3% in the fourth quarter. Victory Capital Management Inc. now owns 95,894 shares of the company’s stock valued at $594,000 after purchasing an additional 79,594 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in FIGS in the fourth quarter worth approximately $107,000. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FIGS

In other news, insider Heather L. Hasson sold 26,855 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.96, for a total transaction of $160,055.80. Following the transaction, the insider now directly owns 354,221 shares of the company’s stock, valued at approximately $2,111,157.16. This represents a 7.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.30% of the company’s stock.

FIGS Price Performance

Shares of NYSE FIGS opened at $4.65 on Monday. FIGS, Inc. has a 1-year low of $4.30 and a 1-year high of $7.06. The business has a fifty day moving average price of $5.47 and a 200 day moving average price of $5.71. The stock has a market capitalization of $754.91 million, a P/E ratio of 77.42, a price-to-earnings-growth ratio of 31.62 and a beta of 1.26.

Analysts Set New Price Targets

FIGS has been the subject of several research reports. The Goldman Sachs Group lowered their target price on FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a report on Tuesday, December 10th. Telsey Advisory Group reiterated a “market perform” rating and set a $7.00 target price on shares of FIGS in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.35.

FIGS 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.