FIGS, Inc. (NYSE:FIGS) is Applied Fundamental Research LLC's 8th Largest Position

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

Several other hedge funds also recently made changes to their positions in the company. 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 worth $489,000 after acquiring an additional 2,355 shares during the period. Malaga Cove Capital LLC lifted its stake 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 valued at $1,341,000 after purchasing an additional 2,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 valued at $458,000 after purchasing an additional 2,807 shares during the period. Invesco Ltd. lifted its stake in shares of FIGS by 2.7% in 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 lifted its stake in shares of FIGS by 585.8% in 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. Institutional investors and hedge funds own 92.21% of the company's stock.

FIGS Price Performance

FIGS traded down $0.17 during midday trading on Friday, reaching $6.00. 2,143,159 shares of the company's stock were exchanged, compared to its average volume of 2,619,969. The stock has a market capitalization of $974.49 million, a PE ratio of 600.10 and a beta of 1.32. The business's 50-day moving average price is $5.10 and its 200 day moving average price is $5.05. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.06.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FIGS. The Goldman Sachs Group reduced their price objective on shares of FIGS from $4.25 to $3.75 and set a "sell" rating for the company in a research note on Tuesday, April 22nd. Barclays reiterated a "positive" rating on shares of FIGS in a research note on Tuesday, May 13th. Morgan Stanley reduced their price objective on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $5.00 price objective on shares of FIGS in a research note on Tuesday, May 13th.

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.