FIGS, Inc. $FIGS Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its stake in FIGS, Inc. by 5,447.7% during the first quarter, acquiring an additional 68,205 shares to reach a total of 69,457 shares valued at $319,000.
• FIGS has received mixed analyst ratings, with one "Buy," three "Hold," and one "Sell" rating, while the consensus target price rose to $5.38.
• Insider trading activity included CFO Sarah Oughtred and CEO Catherine Eva Spear selling shares, indicating a 10.21% and 3.24% decrease in their ownership, respectively.

Quantbot Technologies LP lifted its stake in shares of FIGS, Inc. (NYSE:FIGS - Free Report) by 5,447.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,457 shares of the company's stock after buying an additional 68,205 shares during the quarter. Quantbot Technologies LP's holdings in FIGS were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Bamco Inc. NY raised its holdings in shares of FIGS by 2.7% during the 4th quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock valued at $190,886,000 after buying an additional 807,681 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of FIGS by 37.9% during the 4th quarter. Ameriprise Financial Inc. now owns 12,188,166 shares of the company's stock valued at $75,445,000 after buying an additional 3,352,846 shares during the period. Dimensional Fund Advisors LP increased its holdings in FIGS by 23.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock worth $26,931,000 after purchasing an additional 827,149 shares during the last quarter. Security Benefit Life Insurance Co. KS purchased a new stake in FIGS during the 1st quarter worth approximately $6,962,000. Finally, Northern Trust Corp increased its holdings in FIGS by 5.8% during the 4th quarter. Northern Trust Corp now owns 1,273,290 shares of the company's stock worth $7,882,000 after purchasing an additional 69,522 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Sarah Oughtred sold 99,834 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $6.19, for a total transaction of $617,972.46. Following the completion of the transaction, the chief financial officer owned 878,058 shares in the company, valued at $5,435,179.02. The trade was a 10.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Catherine Eva Spear sold 65,866 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $6.88, for a total value of $453,158.08. Following the transaction, the chief executive officer owned 1,969,246 shares of the company's stock, valued at $13,548,412.48. This represents a 3.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,661 shares of company stock valued at $1,079,857 in the last 90 days. Insiders own 29.44% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Barclays restated a "positive" rating on shares of FIGS in a report on Tuesday, May 13th. Cowen restated a "hold" rating on shares of FIGS in a report on Friday, August 8th. Telsey Advisory Group restated a "market perform" rating and set a $7.00 price objective (up from $5.00) on shares of FIGS in a report on Monday, August 4th. Morgan Stanley lifted their price objective on FIGS from $4.25 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Wall Street Zen upgraded FIGS from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.38.

FIGS Stock Performance

Shares of NYSE FIGS traded down $0.13 during trading on Monday, reaching $7.04. The stock had a trading volume of 1,156,874 shares, compared to its average volume of 2,111,832. FIGS, Inc. has a one year low of $3.57 and a one year high of $7.31. The stock has a market cap of $1.15 billion, a PE ratio of 175.92, a P/E/G ratio of 4.52 and a beta of 1.34. The firm's 50 day moving average price is $6.33 and its two-hundred day moving average price is $5.23.

FIGS (NYSE:FIGS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. FIGS had a return on equity of 1.84% and a net margin of 1.26%.The business had revenue of $152.64 million during the quarter, compared to analyst estimates of $144.17 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts expect that FIGS, Inc. will post 0.01 earnings per share for the current year.

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.