Pacer Advisors Inc. Makes New $4.64 Million Investment in FIGS, Inc. (NYSE:FIGS)

Key Points

• Pacer Advisors Inc. has invested approximately $4.64 million in FIGS, Inc., acquiring over 1 million shares, representing 0.62% of the company.
• FIGS stock is currently trading at $6.66 with a market cap of $1.08 billion and has a twelve-month range between $3.57 and $7.05.
• A significant portion of FIGS stock, about 92.21%, is held by hedge funds and institutional investors, indicating strong institutional support.

Pacer Advisors Inc. acquired a new position in FIGS, Inc. (NYSE:FIGS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,010,897 shares of the company's stock, valued at approximately $4,640,000. Pacer Advisors Inc. owned 0.62% of FIGS at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in FIGS by 15.3% in the fourth quarter. American Century Companies Inc. now owns 1,154,535 shares of the company's stock worth $7,147,000 after purchasing an additional 153,179 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of FIGS in the fourth quarter worth $147,000. Vanguard Group Inc. grew its stake in shares of FIGS by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company's stock worth $79,230,000 after acquiring an additional 153,836 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of FIGS by 298.7% during the fourth quarter. Wells Fargo & Company MN now owns 969,271 shares of the company's stock valued at $6,000,000 after acquiring an additional 726,169 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of FIGS by 2.7% in the 4th quarter. Invesco Ltd. now owns 145,734 shares of the company's stock worth $902,000 after purchasing an additional 3,879 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

FIGS Trading Down 5.5%

FIGS stock traded down $0.36 on Friday, hitting $6.15. The company had a trading volume of 917,673 shares, compared to its average volume of 2,037,570. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $7.05. The stock has a market cap of $998.88 million, a price-to-earnings ratio of 615.12 and a beta of 1.32. The stock's 50-day simple moving average is $5.55 and its 200 day simple moving average is $5.08.

Analysts Set New Price Targets

FIGS has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of FIGS from $3.75 to $4.50 and gave the company a "sell" rating in a research report on Tuesday, July 22nd. Morgan Stanley raised their price target on shares of FIGS from $4.25 to $5.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Barclays restated a "positive" rating on shares of FIGS in a report on Tuesday, May 13th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $5.00 target price on shares of FIGS in a report on Tuesday, May 13th.

FIGS 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.