Deutsche Bank AG Raises Stock Position in FIGS, Inc. (NYSE:FIGS)

Deutsche Bank AG boosted its holdings in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 159.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,415 shares of the company's stock after buying an additional 162,561 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of FIGS worth $1,637,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FIGS. Blue Trust Inc. grew its holdings in FIGS by 395.3% during the fourth quarter. Blue Trust Inc. now owns 7,642 shares of the company's stock valued at $47,000 after purchasing an additional 6,099 shares during the period. Stifel Financial Corp purchased a new stake in FIGS in the 4th quarter worth approximately $70,000. Cibc World Markets Corp bought a new stake in FIGS during the 4th quarter worth approximately $75,000. Senvest Management LLC bought a new stake in FIGS during the 4th quarter worth approximately $84,000. Finally, Lane & Associates LLC purchased a new position in FIGS during the fourth quarter valued at approximately $86,000. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FIGS shares. Telsey Advisory Group restated a "market perform" rating and set a $5.00 price objective on shares of FIGS in a research report on Tuesday, May 13th. 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 report on Tuesday, April 22nd. Barclays reiterated a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. Finally, Morgan Stanley lowered their price target on FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a report on Thursday, April 17th.

FIGS Price Performance

Shares of FIGS stock traded up $0.06 during trading on Thursday, reaching $4.38. 1,550,026 shares of the stock traded hands, compared to its average volume of 2,749,679. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $7.06. The business has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $5.03. The company has a market capitalization of $711.97 million, a price-to-earnings ratio of 73.00, a P/E/G ratio of 31.62 and a beta of 1.20.

FIGS Company 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.