Wells Fargo & Company MN increased its stake in FIGS, Inc. (NYSE:FIGS - Free Report) by 298.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 969,271 shares of the company's stock after buying an additional 726,169 shares during the quarter. Wells Fargo & Company MN owned 0.57% of FIGS worth $6,000,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in FIGS in the 4th quarter valued at about $43,000. Blue Trust Inc. raised its stake in FIGS by 380.0% in the 4th quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock valued at $51,000 after acquiring an additional 5,864 shares during the period. Cibc World Markets Corp bought a new stake in FIGS in the 4th quarter valued at about $75,000. Lane & Associates LLC bought a new stake in FIGS in the 4th quarter valued at about $86,000. Finally, Proficio Capital Partners LLC bought a new stake in FIGS in the 4th quarter valued at about $107,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
FIGS Trading Up 0.6 %
Shares of FIGS stock traded up $0.03 on Thursday, hitting $4.04. 114,354 shares of the company traded hands, compared to its average volume of 2,912,270. The firm's 50-day simple moving average is $4.58 and its 200 day simple moving average is $5.35. The company has a market cap of $655.77 million, a P/E ratio of 67.25, a P/E/G ratio of 31.62 and a beta of 1.18. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.06.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lowered their price objective on FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research note on Tuesday. Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 target price on shares of FIGS in a research note on Friday, February 28th. Finally, Morgan Stanley lowered their target price on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.15.
Read Our Latest Report on FIGS
FIGS Company Profile
(
Free Report)
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.
Further Reading
Before you consider FIGS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FIGS wasn't on the list.
While FIGS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
