FIGS, Inc. (NYSE:FIGS) Position Cut by Applied Fundamental Research LLC

Applied Fundamental Research LLC cut its position in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 27.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,814,249 shares of the company's stock after selling 672,699 shares during the quarter. FIGS makes up about 7.0% of Applied Fundamental Research LLC's investment portfolio, making the stock its 8th largest position. Applied Fundamental Research LLC owned 1.12% of FIGS worth $8,327,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FIGS. MetLife Investment Management LLC lifted its stake in shares of FIGS by 3.1% in the 4th quarter. MetLife Investment Management LLC now owns 78,952 shares of the company's stock valued at $489,000 after purchasing an additional 2,355 shares during the period. Malaga Cove Capital LLC grew its holdings in shares of FIGS by 1.2% in the fourth quarter. Malaga Cove Capital LLC now owns 216,669 shares of the company's stock worth $1,341,000 after acquiring an additional 2,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of FIGS by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,943 shares of the company's stock worth $458,000 after acquiring an additional 2,807 shares during the period. Invesco Ltd. grew its holdings in FIGS by 2.7% during the fourth quarter. Invesco Ltd. now owns 145,734 shares of the company's stock valued at $902,000 after purchasing an additional 3,879 shares during the period. Finally, GAMMA Investing LLC grew its holdings in FIGS by 585.8% during the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock valued at $30,000 after purchasing an additional 5,583 shares during the period. 92.21% of the stock is currently owned by institutional investors.

FIGS Trading Up 0.2%

Shares of NYSE:FIGS traded up $0.01 during mid-day trading on Wednesday, reaching $5.83. The stock had a trading volume of 1,556,651 shares, compared to its average volume of 2,631,709. The company has a market cap of $947.67 million, a P/E ratio of 583.58 and a beta of 1.32. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $7.06. The business's 50 day moving average price is $4.99 and its 200 day moving average price is $5.04.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIGS. Telsey Advisory Group restated a "market perform" rating and issued a $5.00 price target on shares of FIGS in a research note on Tuesday, May 13th. Barclays restated a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th. The Goldman Sachs Group decreased their price target on shares of FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their price objective on FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a research report on Thursday, April 17th.

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.