ProShare Advisors LLC Raises Stake in FIGS, Inc. (NYSE:FIGS)

ProShare Advisors LLC lifted its position in FIGS, Inc. (NYSE:FIGS - Free Report) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 748,960 shares of the company's stock after purchasing an additional 112,722 shares during the quarter. ProShare Advisors LLC owned about 0.44% of FIGS worth $4,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position in FIGS by 152.5% in the third quarter. Barclays PLC now owns 286,974 shares of the company's stock valued at $1,963,000 after buying an additional 173,316 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in FIGS during the fourth quarter worth about $43,000. Blue Trust Inc. boosted its stake in FIGS by 380.0% during the fourth quarter. Blue Trust Inc. now owns 7,407 shares of the company's stock worth $51,000 after buying an additional 5,864 shares during the period. Consolidated Portfolio Review Corp purchased a new position in FIGS during the fourth quarter worth about $179,000. Finally, Lane & Associates LLC purchased a new position in FIGS during the fourth quarter worth about $86,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

FIGS Price Performance

Shares of NYSE FIGS traded down $0.13 during midday trading on Friday, hitting $4.40. The company's stock had a trading volume of 1,217,433 shares, compared to its average volume of 2,759,675. The business's fifty day simple moving average is $4.34 and its two-hundred day simple moving average is $5.04. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $7.06. The firm has a market capitalization of $714.41 million, a price-to-earnings ratio of 73.25, a price-to-earnings-growth ratio of 31.62 and a beta of 1.20.

Wall Street Analyst Weigh In

FIGS has been the subject of several research analyst reports. The Goldman Sachs Group lowered their target price 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. Morgan Stanley lowered their target price 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. Telsey Advisory Group reaffirmed a "market perform" rating and set a $5.00 target price on shares of FIGS in a research note on Tuesday, May 13th. Finally, Barclays reaffirmed a "positive" rating on shares of FIGS in a research note on Tuesday, May 13th.

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.