Bamco Inc. NY Buys 807,681 Shares of FIGS, Inc. (NYSE:FIGS)

Bamco Inc. NY raised its holdings in FIGS, Inc. (NYSE:FIGS - Free Report) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,837,759 shares of the company's stock after acquiring an additional 807,681 shares during the quarter. Bamco Inc. NY owned 18.16% of FIGS worth $190,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new stake in FIGS during the fourth quarter worth approximately $43,000. Blue Trust Inc. boosted its stake in shares of FIGS by 395.3% during the 4th quarter. Blue Trust Inc. now owns 7,642 shares of the company's stock worth $47,000 after acquiring an additional 6,099 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of FIGS in the 4th quarter worth $70,000. Cibc World Markets Corp acquired a new stake in shares of FIGS during the fourth quarter worth $75,000. Finally, Senvest Management LLC acquired a new position in shares of FIGS in the 4th quarter valued at $84,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FIGS shares. Morgan Stanley reduced their price target on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their target price on shares of FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Finally, Telsey Advisory Group reduced their price target on FIGS from $7.00 to $5.00 and set a "market perform" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.75.

FIGS Stock Up 3.2 %

FIGS stock traded up $0.15 during mid-day trading on Wednesday, hitting $4.89. 2,006,039 shares of the company were exchanged, compared to its average volume of 2,883,690. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06. The business has a fifty day moving average of $4.35 and a 200 day moving average of $5.20. The company has a market capitalization of $794.72 million, a PE ratio of 81.50, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20.

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.